Hybrid Working Profits as a Personal Choice
Defining hybrid work solutions where some employees are in a centralized location, some are 100% working remotely, and others are a combination of the two, hybrid work models are used in more than 60% of high-growth companies. Remote work is not for everyone. Many younger workers are more likely to want to work in an office as they love the social aspect. A survey by Stanford University found at least 55% of employees want to spend some time in the office and some time at home. A hybrid work environment can be the solution for a diverse, inclusive work environment as long as it’s done with forethought.
Due to the many aspects of a hybrid workplace, here are thoughts from two executives:
“I can’t tell you the number of CEOs I talked to who are thinking, ‘I have to solve the diversity challenge in my business, and remote work is one of the key tools… We have to let go of this very office-centric culture and incorporate people who are in a lot of geographies.” –Hayden Brown, CEO of Upwork
“As we’ve moved to virtual work, we haven’t just coped, we’ve actually thrived. We are more focused on the things that have the greatest impact for our customers, associates, and the business. We are making quicker decisions and acting. Meetings are now more inclusive of people regardless of location, level or other differences. We have great momentum and need to figure out how to carry it forward.” – Suresh Kumar, CTO at Walmart