Let’s go back to March 2020, when the world faced one of the worst pandemics. The introduction of the novel coronavirus has led to a severe global economic downturn. And this impact on company performance called for changing the approach to tackle serious challenges concerning the traditional method of working. That is when the employers changed the way and reinforced the company culture from an HRM perspective making them address the advantages of work-from-home or remote working patterns.  

Fast-forwarding nearly three years later, how does the company culture look like today? In this article, we will cover the pros and cons of a hybrid work environment followed by some tips for its successful implementation.

Cost Efficient 

The hybrid work model has helped businesses to cut costs as only a few employees work from the site. Thus, companies can save money on the majority of the operating expenses like lower office maintenance, commuting cost, electricity, meals, etc. Even though companies have to incur some expenses with respect to remote work (tools and types of equipment), the cost is still very less as compared to that of full-time employees. 

To back this, a research report by WorkInSync stated that a company with 100 employees needs to spend approximately $50,000 per month, and with hybrid or remote working in place, this cost can be cut down to around $15,000 per month. That’s a massive cost-cutting, isn’t it? 

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