Working at your own pace and at leisure is something that every employee prefers. Day-to-day functions are easier and the companies receive greater output from their employees.
Hence, even after the COVID-19 pandemic, the hybrid working arrangement is yet on every company’s agenda. Many companies became good hybrid work model examples by replacing traditional working models.
This blog will take you through the evolution of the hybrid work model and the benefits it offers. We will also provide an overview of how Employer of Record services or International PEO services can help your business grow using this hybrid work model.
What is a Hybrid Work Model?
A hybrid work model is a combination of remote working and in-office work adopted by the employees. Every company has its own hybrid model based on its needs. Occasionally the employees have the freedom to design their in-office and work-from-home schedules. The typical nine-to-five working hours along with the long commute associated with it was no longer the routine for the majority of the employees. There is no set structure and no ‘one-size-fits-all’ when it comes to hybrid working.
Emergence of Hybrid Work Model
The COVID-19 pandemic resulted in a huge shift in the way of working globally. Remote working was the best choice for many companies to keep their business going.
While adopting the newer technologies and working remotely, employees kept looking for flexibility and for a better work-life balance. Companies noticed high productivity when employees entered the remote working and work-from-anywhere trend.
It showed improved efficiency and enhanced employee satisfaction at the same time. Various businesses understood the benefits of remote working and started inculcating them in their in-office working model. Hence, a hybrid work model can offer various growth opportunities for small and medium-sized enterprises to flourish in India.
Limitations to Hybrid Working
When we look at the bigger picture, frequently transitioning between in-office and remote modes can cause many discrepancies in the work environment. Every employee has their own work schedule divided into office and remote mode. Such erratic work schedules can affect the overall effectiveness and productivity of a particular team in the long run.
In addition, employers have to keep their IT infrastructure updated. A lot of remote and hybrid functions depend on high-tech apps and require constant upgradation.
As per a recent survey conducted by the company TeamLease, over 58% of organizations will move back to complete in-office working mode by the end of the year 2022. After analyzing this switch, it is understood that humans need a social infrastructure and a certain work ambiance to function efficiently. These conditions are fulfilled in an office setup rather than a housework setup.
Current Scenario of Hybrid Working in India
Businesses are experimenting with a hybrid work model even after everyone is moving to normalcy post-pandemic. The switch for them from 100% in-office to hybrid working has been seemingly simple.
In spite of a few setbacks, 73% of services and companies in India, still plan to adopt a hybrid work model as per the 2022 India Office Occupier Survey. It is needless to say the hybrid work model is here to stay.
Below we throw light on many obvious benefits of hybrid work models, for the employees and the employer as well.
Benefits of the Hybrid Work Model
Increased Productivity
The old-age outlook that ‘sitting in the chair’ in an office, indicates productivity is no longer followed. Hybrid working and remote working have removed the physical monitoring of work and boiled it down to results, deliverables, and time management using various software tools.
Increased Employee Satisfaction and Work Well-being
The hybrid work model has helped employees maintain a work-life balance. The hybrid work model offers flexibility due to which employees can freely focus on learning, growth, and self-development at work and in their personal lives.
Skilled Workforce at Reduced Costs
With no geographical barriers, there is greater availability of a skilled workforce for employers in hybrid working environments. Companies can hire talented individuals at reduced costs. Hiring a larger workforce is more favorable than asking employees to relocate to a new location.
Reduced Cost of Infrastructure
This is particularly a perk for employers. With fewer or no employees in the office due to the hybrid work model, it reduces the overhead costs associated with logistics and infrastructure.
Building Hybrid Working Teams the Remunance Way
We at Remunance, understand that business is different and at times requires additional services for successful business expansion in India. One such service can be providing support to remote teams in India to work in a hybrid model.
Remunance can set up an office in India and help employees function in a hybrid work model. You can definitely reach out to us and gather a better understanding of the range of services that we offer.
