wjr business beat

WJR Business Beat: Hybrid Work Arrangements Likely the Future (Episode 380)

On today’s Business Beat, Jeff Sloan shares reports that after companies assessed productivity and profitability and the impact that working from home had on each, it appears as if the hybrid workplace is here to say.

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Well, are we going back to working in offices or not? At times, it seems yes. And at other times, it’s in doubt and now many companies are getting serious about figuring out their game plans as they are now able to look back and assess productivity and profitability and the impact that working from home has had on each.

Many companies are learning that in many cases, they really don’t need all of those large, fancy, expensive corporate offices, so most companies are pushing now for a hybrid solution in which they bring their teams together for creative and collaborative sessions, but have teams work from home when individual workers are focused on executing their individual work.

Further, many businesses have been slow to bring their employees back to the office full time, or even at all, with only an average of a little over a third of their workforces back in offices during the fourth week of February 2022. And that’s in 10 major cities monitored by Kastle Systems, which tracks building access card swipes.

Now as reported in Fortune magazine, all of this has the number of people working remotely, clearly growing rather than experiencing the decline that many thought would happen once we got past the worst of the pandemic. And so the Society for Human Resource Management estimates the number of totally remote U.S. workers will double by 2025. So what to do and where are we headed? Well, according to a survey done last year by the CBRE Group, the world’s largest commercial real estate services and investment firm, showed that 80% of large companies plan to use a hybrid schedule after the pandemic with workers in the office part of the time.

In that Fortune article, Darby Gracey, Interface’s director of work life and workplace strategy, had this to say about their plans. “We believe a major part of our company culture comes from the ability to sit down and have a cup of coffee with a colleague, or have a whiteboarding session with a teammate just actually getting together in person and being able to read body language.” “We believe that there’s a lot of value in that and it’s something we’re standing firm on, so it looks like the hybrid workforce is the way of the future.”

I’m Jeff Sloan, founder and CEO of startupnation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.


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