Will Hybrid Working Be a Viable Business Option in 2024?

What Is Hybrid Working?

Hybrid working is fast becoming the new standard for most office-based businesses. It combines working on location at your place of business (office/headquarters) with working remotely. This is usually at home but can realistically be anywhere in the world depending on the company. This system allows companies to balance between the creative teamwork of being together in one place, and the simplicity and flexibility of working from home.

The trend become popular following the lockdowns in 2020/2021 when workplaces slowly brought their employees back into the office a few days a week. Many employees realised this new hybrid system was far superior to the more traditional location based work, pushing companies to adopt it permanently. It’s thought that over 75% of businesses offer hybrid working, and many employees now expect it to be a standard in office-based jobs, choosing instead to avoid companies that don’t offer it.

Can Hybrid Working Help My Business?

Hybrid work removes a lot of the restrictions that traditional office working places on businesses. It can help reduce costs, carbon emissions and stress for both staff and management. It also shows employees that their employers trust them to manage their own schedule without necessarily being micro-managed within the office. It can also help reduce your company’s overall carbon footprint. Less people travelling, less power usage and less paper being wasted can help contribute to your environmental goals, making your business greener.

Business Benefits of Hybrid Working

Flexibility

Life happens, and it can be challenging to manage flexibility in the workplace for things like appointments, childcare and even traffic. Hybrid working allows employees to manage their own schedules, avoid the pitfalls of travel and also feel as if they’re trusted to manage their own workloads and time without being tied to the office every day of the working week. It also reduces travel costs on things like trains, buses, and fuel, allowing more financial freedom for staff, as well as less stress.

Access to more diverse skills

One of the major benefits of this system is that it allows you to access a more diverse pool of talents for your business to choose from. Where businesses are traditionally limited to choosing people that are geographically close to the office, hybrid working allows you to choose from talents based further afield. This means your company can benefit from better suited and more talented employees, no matter their location. This can help companies grow and get better results than they previously could.

Saves costs due to shared resources

Having less employees in the office full-time means less resources used by the company overall. Utilities such as electricity, heat, water and gas are reduced drastically when employees are in the office less. It also allows companies to scale their workforce without being restricted by office size or budget. For instance, if the company grows in a short space of time, they can add more employees to the workforce without having to drastically upgrade the office space. This can save huge additional costs in upgrading office spaces and internal infrastructure, moving buildings or buying things like furniture.

Higher chance of innovation

According to a study by the American magazine Forbes, hybrid workers are around 30-40 percent more productive than non-hybrid workers. This is likely due to reduced stress, more day to day freedom and less pressure to fit their best work into a traditional 9-5 working day. Travelling into work offers a variety of stressors for the everyday employee, including traffic, transport cancellations, fuel costs, vehicle repairs and many more. Reducing daily stress allows the creativity of your staff to run wild leading to better ideas, more innovation, and a stronger work life balance for employees.

Explore Spacepool’s Range of Workspaces Today

No matter whether you’re looking for a small meeting room for a one off get together, somewhere private for a one on one conversation or even a big, bright open space for your whole team to spend the week, here at, Spacepool we have whatever you need. Our huge portfolio covers a variety of unique workspaces designed to match your organisation’s needs, at any budget.

Need a coworking space with a gym, a café or even space for pets, we’ve got you covered.