Boost company savings: effective cost-cutting ideas

There are a number of companies who began to use a hybrid model for work ‘before it was cool’. However, the trend toward a more flexible way of working gained incredible traction with the advent of the Covid-19 pandemic. As companies and individual employees realized, work can be done productively at home. In fact, working from home mitigated a number of stressors, such as commuting. But, one thing was missing, real-life human interaction! With the pandemic partially under control, many of us look forward to returning to work and connecting again with colleagues and friends. Hybrid work provides this opportunity, while also offering a list of benefits, such as saving costs.

A well-structured hybrid work model, one that is coordinated using workplace technology, can save organizations up to 30% on office costs! We will take a closer look at the costs of modern offices, and how the pandemic has impacted the role of traditional workplaces, the opportunities arising from the new way of working, and how choosing a well-organized flexible work model can help you save on your office costs.

What's the current status of flexible pandemic?

Flexible models significantly impact overall office space and design because they change how we view the office and its role. The office is no longer a place to simply get work done. It is now a place to build relationships and connect with colleagues socially. Research has shown that individuals are more productive when working remotely. This is because social distractions are kept at bay. However, while this isolation leads to productivity, it means that when employees come into the office they need the space to work with their teams for fruitful collaboration. This changes the way we look at office design because it means we want to build offices conducive to socialization, such as McKinsey’s new office in Mumbai, India.

Office design for the future of work needs to be intentional, as in-depth research by HSM advisory suggests. This means creating spaces that foster productivity and collaboration. Design has the power to bring people together and work together. The global pandemic accelerated our transition to the future of work. So, what is the current situation and what are employees’ expectations for upcoming years?

The benefits of well-organized hybrid work

Hybrid work, by nature, is flexible: that is what makes it appealing to many people. Choosing where to work and how to work gives each individual the autonomy to design their workday in a way that best serves them. Whether this means working from their home office, from a new country, or from a traditional office, hybrid work gives employees the choice to choose all or none of these!

From a work culture standpoint, hybrid models are also great for ensuring work-life balance. The additional time saved from commuting and the ability to work from anywhere give individuals the opportunity to spend more time doing hobbies, exercising and fulfilling their family duties without additional stress.

Hybrid work models have also been shown to increase productivity. On average, fully remote workers are 47% more productive than their counterparts working from the office every day of the week. Our research shows that well-coordinated hybrid work, such as using a workplace management system, can win your employees up to 50% to a day of productivity, each week.