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WHY EMPLOYEES PREFER HYBRID WORKING TO A 10% PAY RISE – AND WHAT IT MEANS FOR BUSINESS

Source | www.iwgplc.com

IWG research shows that 72% of office workers would prefer long-term flexibility over where they’re based to extra money, while two thirds would not apply for a new job unless it offered hybrid working. 

New research from IWG shows that the pandemic has had such an effect on employees’ priorities that they would forgo a 10% pay rise in favour of retaining the option to work remotely.

According to the survey, 72% of office workers would prefer a hybrid way of working to a full-time return to the office – even if reverting to the old Monday-Friday routine meant earning more money.

After long periods spent working from home – and proving that they can be just as productive outside the office as in it – it’s clear that employees aren’t keen on returning to arduous daily commutes. Instead, they want to lock in the work-life benefits and increased flexibility that’s offered by the hybrid approach.

According to the Office for National Statistics, 85% of adults who worked from home during periods of lockdown now want to split their time between working remotely and at the company office. 

Evolution becomes revolution

According to IWG Founder and CEO Mark Dixon, what was an evolution towards hybrid working has been turbo-charged by Covid-19. “The pandemic has certainly had a dramatic and permanent effect,” he explains. “But it’s merely accelerated a trend that’s been under way for several years.” 

Dixon points to the pivotal role of technology in enabling the shift – so perhaps it’s no coincidence that younger workers and digital natives are particularly comfortable with the hybrid approach. IWG’s research showed that 84% of 18-24-year-olds would prefer flexible working practices over adding 10% to their salary, indicating the value they place on having ownership of their work schedules and commuting habits.

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Source
www.iwgplc.com
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