5 benefits of remote and hybrid working
Quick Summary
Tired of the traditional 9-to-5 grind? You're not alone. More and more people are working remotely. But why does flexible work matter?
We explain what remote, hybrid, and flexible work mean, and explore how it can boost productivity, attract top talent, improve employee wellbeing, and transform your business.
What's the difference between remote, hybrid and flexible working?
While remote, hybrid, and flexible work often feel interchangeable, they’re all different.
Remote working is when you work entirely from outside the office. Think home office, friendly coffee shop, or anywhere with a good internet connection.
Hybrid working is a mix of both. Some days you're in the office, others you're at home or somewhere else. It's like the best of both worlds.
Flexible working covers different work arrangements, like part-time, flexible start and finish times, compressed hours, or job-sharing.
Always check the regulations around working hours in your location so you stay compliant.
What are the benefits of remote and hybrid working?
Flexible work isn't just a trend. It's here to stay, offering big benefits for you and your employees. It's especially helpful for those with caring responsibilities, disabilities, or long commutes. Plus, it helps reduce burnout, which can drain productivity and lower morale.
So, what are the plus points? Here are 5 key benefits of remote and hybrid working
1. Hybrid working increases productivity
Is hybrid working more efficient? While some companies worry that remote work may get in the way of productivity, studies suggest otherwise. In fact, 61% of people say they’re more productive when working remotely, thanks to more control over their day, fewer distractions, and fewer sick days.
2. Hybrid working increases job satisfaction
It's not just about getting more done. Hybrid work is making people happier, too. Giving employees the freedom to choose where and when they work shows trust., boosting morale and powering a huge 83% increase in job satisfaction.
3. Improved work-life balance
Hybrid work means less time commuting and more time for what matters. People feel less stressed, have more energy, and can better balance their personal lives, improving mental and physical health.
It also frees up valuable time for those caring for children or elderly parents, or attending school events or GP or hospital appointments.
The result? Over half said their work-life balance has improved. For an added bonus, less commuting is also great for the environment.
4. Attract new talent (and retain existing staff)
Hybrid or flexible work is a magnet for top talent. It opens doors to a wider pool of candidates, no matter where they live or their personal circumstances, and keeps your current team happy.
It’s also key to building a winning team. Almost half of workers expect flexibility in where and when they work, while 38% say they’d leave a job that demands always being in the office.
5. Save money
Hybrid work can be a big money-saver. Less office space means lower costs for rent, utilities, office equipment, and even tea and coffee. Unsurprisingly, around 60% of businesses say it's a major benefit, saving, on average, over $11,000 per employee.
Hybrid working challenges
It’s important to note there are hybrid working advantages and disadvantages. Here are some things to keep in mind:
Communication hurdles. Coordinating meetings and sharing information can be trickier when teams are spread out. However, there are plenty of ways to get the best out of your team.
Isolation. Some people thrive in a traditional office environment, enjoy the companionship and may struggle with the isolation of remote work.
Team culture challenges. Building and maintaining a strong team culture can be tougher when people are in different places.
Cybersecurity risks. With more employees working remotely, the risk of cyberattacks can increase. Stay safe with our cybersecurity guide.
Unequal opportunities. If senior staff are office-based, there’s a risk of creating a two-tier workforce, where people in the office potentially have more visibility and opportunities for career development.
The benefits of flexible working include a happier, more productive, and cost-effective workplace that attracts top talent. By carefully considering your employees' needs, establishing clear guidelines, and investing in the right technology, you can create a thriving work environment that benefits your people and your business.
To find out more and see if flexible working is the right fit for you, get 1-2-1 support from our V-Hub Digital Advisers.
