Guides for Workplace Strategy and Management
Issue link: https://resources.agilquest.com/i/1380821
The hybrid workplace created a nice blended workstyle that encapsulates the pre-COVID offices trends and satisfies each type of modern worker. This workstyle was made to benefit employee, employer, and organization. Millions Saved in Real Estate Costs Organizations are seeing a major benefit with savings in their real estate. When employees are coming into the office for certain tasks or at different times and days, businesses don't need to offer a workspace per employee. Instead, when man- aged correctly, companies can downsize their footprint while still offering the space employees need. The graph below shows the savings a company could see when implementing a flexible workplace, whether that includes 50% hybrid workers / 50% traditional OR 90% hybrid workers / 10% traditional. Benefits of a Hybrid Workplace Employee Satisfaction & Well-being With a hybrid workplace, employees are given more choice and flexibility which equals greater satisfaction with their job. It also gives them the chance to balance their work and life better by being able to pick up their children from school, make doctor appointments when necessary or be WFH when a repair person is scheduled. Additionally, employees can arrange their work week to be its most productive by having office days for collaboration and meetings and at-home or co-work site days for heads-down, non- interrupted, focused work. Increased Productivity & Employee Retention The benefits reach employers too because a flexible, hybrid workplace means increased productivity, wider talent pools, and better ways to measure employee performance. By trusting employees to do their work where and when they do it best, your company's productivi- ty will benefit. Plus, you will attract and retain top talent by offering flexible work. And it's time to get rid of measuring performance by "butts in seats." You'll know your employees are working effectively by the work actually getting done. By trusting employees to balance their time, your workplace will run a lot smoother. ROI Road From Fixed to Flexible (1,000 Person Organization Comparison) 100% Fixed 50% Fixed / 50% Flexible Flexible In-Office Frequency Assigned Seats Flexible Seats Total Seats Ratio Seating Annual Real Estate Cost (Based on $10k per seat) 10% Fixed / 90% Flexible NA 1,000 0 1,000 1 : 1 $10M 50% 2x per week 500 250 750 1. 33 : 1 $7.5M 90% 2x per week 100 450 550 2 : 1 $5.5M 7