The "Hybrid Equilibrium": While fully remote work is disappearing altogether and a net decline of a four-day workweek, Hybrid work is here to stay!
Nicolas BEHBAHANI
Global People Analytics & HR Data Leader - People & Culture | Strategical People Analytics Design
?? Nearly full-time remote work has plummeted from 34% in 2022 to 1% in 2023.
?? Employers are not quite ready to let go of Fridays entirely and move to a four-day workweek.
?? Employees were perceived to be more productive during the past 24 months.
?? Smaller and midsize companies are continuing to expand their physical office space, while larger companies have maintained or reduced their office footprint.
?? Companies are utilizing Wi-Fi, badge swipes and AI technology to track space utilization and are actively seeking sharper tools to optimize office space occupancy, according to the new interesting research called third annual?EY Future Workplace Index published by ERNST & YOUNG US LLP using data from large dataset of companies with 250 to 25,000+ employees.
?Hybrid is here to stay !
Researchers noticed that nearly full-time remote work has plummeted from 34% in 2022 to 1% in 2023.
?? So researchers believed that hybrid work is firmly established, and an expectation of two to three days a week in the office signifies a palpable shift away from fully remote work.
Researchers found that more than half of the companies surveyed have assigned their employees in-office days, and 80% said they are encouraging or requiring three or more days a week.
Over the past 24 months, companies with 250 to 5,000 employees showed the highest percentage (51%) of adding new office space which averages the data from small companies (251 to 1,000 employees) at 55% increasing the amount of office space and mid-size companies (1,001 to 5,000 employees) at 47% increasing the amount of office space while among companies of 10,000 to 25,000 employees, 38% reported scaling back on the amount of office space.
?Optimize office space occupancy with AI
Researchers noticed that leaders are actively seeking sharper tools to optimize office space occupancy as AI explodes into the business marketplace, its capabilities have the potential to remove a lot of guesswork from productivity measures and analysis.
?? Organizations want to create the right kind of work environment for each employee by balancing individual and collaborative spaces and they use a blend of assigned open workspaces and enclosed offices within their physical workplace.
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?Casual Fridays are being redefined and net decline of 4 Day-week !
Researchers noticed that employees are most likely to come into the office, Monday through Thursday with an average response of 70% for each day, while Friday earned a 34% response rate.
This flexible workweek implies that researchers called this phase, the "hybrid equilibrium" :
???? Where the sharp lines between remote and office work are blurring.
Researchers noticed that in 2022 found that 21% of companies acted upon and 19% were in the process of deploying a four-day workweek, but in 2023, the percentage of respondents who are currently deploying a four-day workweek fell to 18%.
?? But the quest for quality in the workplace continues, with 51% of companies saying they’re investing in newer, higher-quality office spaces with better technology and amenities, leaving many older office spaces behind. This research also demonstrates that physical office space is essential for effective collaboration, creativity and growth so the key is to find the right balance for employees and employers in terms of productivity and wellbeing.
?? ???? ???????????????? ????????: This research and one of the latest researches in 2023 confirms the trend of other researches this year towards the end of fully remote as well as the hybrid model which seems to dominate with a presence of 2/3 days per week in the office. It is also interesting to note the decline of the trend of the 4-day work week which also seems destined to disappear as completely remote...
The hybrid work model has intensified the focus on workplace optimization and innovation as business leaders continually re-evaluate the balance of space costs and the possibility of remote work.
Thank you ?? 安永 researchers team for these insightful findings: Francisco J. Acoba Mark Grinis
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Helping Sellers sell more | Father of 2, Boss of none | Artist
10 个月Data is crucial to aligning your Real Estate with how your teams work. However the question of what Hybrid working looks like is so individual to each organisation. So to align your offices with people, you have to notice trends and patterns, and especially overall employee sentiment on how they perceive the office.
Dentist
10 个月Z. l .mm
Young Talent Manager - Rabobank
11 个月Insightful…thanks for sharing Nicolas!
Lead consultant in HR Strategy & Value Management. Enhancing Value through Human Performance. Delivery of Equality, Diversity & Inclusion Training. Lecturer and International Speaker on HRM and Value Management.
11 个月A short time ago I wrote this article asking if employers were utilising their 'in office time' to the best advantage: https://www.dhirubhai.net/pulse/asking-employees-return-office-you-making-most-your-george-szwje%3FtrackingId=KstjP8LUVnI7jFMmMdTy9w%253D%253D/?trackingId=KstjP8LUVnI7jFMmMdTy9w%3D%3D The reason? Because my own research found that many were not. Once employers have decided how they are going to utilise the office space for hybrid work, then they should be in a better position to adjust their Real Estate in line with actual need. Great post Nicolas BEHBAHANI - thank you for sharing your research and your thoughts.
Human Resources Director | Talent | People and Culture I Coaching | Recruitment I Diversity Inclusion & Sustainability l International HRBP l Leadership Development| Employer Branding
11 个月Modern organisation should/are embrace definitely hybrid model, combining individual, business and organisational need. Full remote work in integrated value chain organisation are not beneficial to individual and business growth moreover in the medium/long term can become also an organisational risk.