The Hybrid Cost Saver

 Hybrid working creates significant cost savings  for organisations during difficult economic  times. This is the message that comes loud and  clear from IWG’s latest survey of leading Chief  Financial Officers, with more than four-fifths  saying that hybrid is a leading way to meet  savings targets in their business. 

The hybrid model, in which employees  divide their time between a local  flexible workspace, a central HQ and  home, has surged in popularity over the  last three years, and it’s clear that the  cost-related benefits that it brings will  continue to accelerate its growth. The  report highlights that moving to a shared  office or co-working space, downsizing  a company’s owned space, or a  combination of the two are particularly  effective ways of reducing costs, but  hybrid working also brings other benefits  to the bottom line, including increased  productivity and helping to attract and  retain talent.

 Trimming costs is a major priority for  CFOs at present, and is likely to remain  so in the coming months. “The growth  outlook remains weak,” announced  the most recent OECD report on the  global economy, citing negative factors  such as persistent core inflation, tight  labour markets, and elevated public  debt in many countries. Governments  are responding by tightening monetary  policies, making borrowing more  expensive, which squeezes both  households and firms, dampening demand.

Full Article Here -  IWG_White_Paper_The_Hybrid_Cost_Saver_2023.pdf (iwgplc.com) 

Credit by IWG