6 Advantages of Hybrid Work Model

The global pandemic altered the dynamics of the world. From healthcare to the business world, Covid-19 made a dent that would take years to recover from. Amid this darkness, there were many silver linings.

The global pandemic changed the way we work. Although there were plenty of examples of hybrid work models around the world before the pandemic hit; there were no well-recognized SOPs in place.

This change in dynamics encouraged organizations to start transforming themselves into multi-platform companies capable of operating globally at the same time.

What is Hybrid Work Model?

The hybrid work model is a combination of traditional and digital work. The hybrid work model is the most popular in IT and software development industries. It is characterized by a mix of physical and virtual environments, where team members work on their projects with teams in different locations. In this case, you can use mobile devices and the internet to connect with other team members.

According to the website Zippia, as of 2022, 74% of the US companies use a hybrid work model or are planning to adopt it within the year. The increase in demand for this work model has encouraged the evolution of companies that aid others in opening virtual office spaces. Names like the Executive Centre offers customized virtual office plans that enable startups and other organizations to expand their businesses globally without worrying about renting office spaces and paying high leases.

Advantages of Hybrid Work Model

The hybrid work model is becoming more and more popular in the corporate world since it offers a lot of advantages to both employers and employees.

1.     Newer opportunities

Urbanization has led to a concentration of prospects and jobs within urban centers, while remote areas like small towns and villages have very few opportunities for their residents. This only adds to the problems of growing populations in metropolitan cities while villages remain undeveloped.

Hybrid work models allow people to take advantage of opportunities that may not have otherwise come their way. Aspirants can opt for remote jobs without having to relocate or make long commutes daily. It is also extremely beneficial for women bound by parenting duties. Statistics show that there has been an increase of 23% in the number of women working remotely.

2.     Flexibility

The hybrid work model gives flexibility to the employees over how they wish to work. They will have more freedom over their time at work compared to traditional working environments that demand 9-5 shifts. It allows individuals to work from home or another location, making it easier for them to manage their time and meet deadlines. It also provides flexibility in terms of location and hours, which can be especially helpful for people with families or other obligations that prohibit them from being at their desks all day.

By working in a hybrid environment, you can provide your employees with the best of both worlds – the flexibility of working remotely or on-site while still having access to the benefits of being part of a larger company that offers training and career growth opportunities.

3.     Learn diversity

The hybrid work model is the best option for companies with a global presence. It allows employees to travel within the company and across the globe, while still maintaining a cohesive team. Employees can take advantage of the expertise and experience of others and their unique perspectives. The hybrid work model is a great way to attract and retain top talent from anywhere in the world. It also allows you to grow your company to a global level, which encourages your employees to adapt to diversity and understand differences as they interact with people from different locations.

An article in Forbes addressed multiple issues that marginalized communities face regarding jobs and opportunities. They believe that the hybrid work model helps bridge gaps and encourages inclusivity and tolerance amongst the masses.

4.     Employee satisfaction

Hybrid work models give employees more flexibility in their schedules to choose when they want to work. This can help boost employee morale and improve employee retention rates. Hybrid workers tend to be more satisfied with their jobs than those who have traditional full-time jobs. Employees who are on flexible schedules are more likely to be engaged in their jobs (such as spending time learning new skills) and less likely to leave their jobs if things get tough at home or school.

It also lowers employee absenteeism. If employees can take advantage of the flexibility benefits of their hybrid roles without sacrificing productivity or quality due to being away from their desks or floor, this may decrease employee absenteeism — a costly problem for any company. All of this benefits the company as it boosts productivity and the quality of their work.

5.     Cost-effective solution for employers

Employers can benefit from the increase in demand for a hybrid work model as it allows them more flexibility with their employees.

• Reduced office space – employers do not have to invest in large office spaces to accommodate all employees at once. This means reduced rents, leases, maintenance costs, and bills. Since there will be less office space, employers can hire bigger teams without having to worry about being overstaffed in the office. This means that they can afford to pay their employees higher salaries and offer better benefits to them.
• Going global without traveling much – all team collaborations and meetings can be done online without spending a hefty amount on traveling all the time.

6.     Better collaboration

Employers can use top-quality software that enables their employees to work together, share ideas and understand each other better. This leads to better teamwork and higher productivity, which ultimately leads to better results for your company. It also helps reduce employee stress as the number of meetings reduces drastically. Employees do not have to leave their tasks and desks to discuss important matters now and then. Joint emails, video conferences, and progress tracking software make collaboration smooth and easy.

Conclusion

The work culture is shifting drastically. Professionals are becoming increasingly mobile, working outside the office or even from home regularly. Hybrid work models offer companies and employees new ways to grow and foster creativity. It is a new way forward and a reality the corporate world can no longer ignore.

Photo by Tatiana Syrikova