Very's CEO, Ryan Prosser, recently published an article in TLNT titled, "Why a Hybrid Approach to Remote Work Will Fail, and What You Should Do Instead."
With companies across the globe reevaluating the way their employees work in the wake of the pandemic, many businesses will begin looking at hybrid approaches to remote work — avoiding a 100% transition because the unknown is scary. While the hybrid approach might be effective in the short-term, Ryan says that in the long-term, hybrid approaches to remote work will fail.
"Establishing a strong company culture and ensuring high job satisfaction is a challenging task at any company. However, it is an even more complicated task for hybrid workplaces where a substantial percentage works remotely," Ryan says. "Each subgroup has its own unique perks and benefits – and if you’re not consistent in how you treat remote vs. office-bound employees, this can lead to confusion, resentment, and even cultivate a negative or toxic company culture."
While hybrid approaches to remote work can be detrimental to company culture, Ryan notes that switching to 100% remote comes with distinct competitive advantages.
"Hiring is the number one competitive advantage of being remote. It allows you to pull from a nationwide talent pool at a fraction of the cost if your business was located in areas with a high concentration of talents such as San Francisco or New York City," he says. "This will continue to become more and more competitive over time; however, employers who know how to 'do remote well' will continue to have a competitive advantage over those who are hesitant to early adopt this method."
With many employees saying they'd be willing to take an 8% pay cut to work from home, plus data revealing that remote employees work 1.4 more days per month more than their office-based counterparts, Ryan concludes that now is a pivotal moment for businesses reevaluating their remote work policies.
"As attractive as a flexible hybrid approach may seem, now is the time to pick the best way forward for how you, your team and your future employees will work in the future," he says.