About 77 percent of companies expressed that they would give their employees priority in choosing their work model, whether working in the office or from home (WFH), according to a survey conducted by Timliz, titled ‘Future-Preparing for the Company’. For a hybrid world. ‘
The survey also found that approximately 58.04 percent of Human Resource (HR) leaders believe that offices will become fully operational by 2022, with 43.46 percent of organizations claiming that their employees want to return to work.
Timliz’s report was based on a survey conducted by large organizations (53.87 per cent), startups (20.54 per cent) and SMBs (25.59 per cent) from industry to manufacturing from technology to BFSI to FMCG to retail to healthcare. To understand the readiness of companies to adopt automobile, hybrid or virtual work models.
Ajay Thomas, VP and Business Head of Retail, E-Commerce, Logistics and Transportation Vertical at Timlize, said: Matching preferences.By redefining how productivity looks, how it is measured, and how employees are hired and retained in the long run can both be balanced in the best possible way. Captures the future-preparation of companies.
Citing workplace conditions, the report said 36.61 percent of respondents claimed office space on a pre-epidemic lease, but have now moved to a co-worker. On the other hand, 36.92 percent of companies said they had office space to lease pre-epidemic but moved to full-distance work settings without an operational office.
About 21.42 percent of the companies expressed that they did not see any change in their workplace status, while 5.05 percent claimed that they would like to have a virtual-only company for the foreseeable future.
According to the survey, approximately 40.77 percent of respondents find employee performance management and productivity measurement a significant challenge in virtual work settings, followed by the implementation of strategies for motivating, hiring and retaining employees (18.45 percent) and planning for office workplaces, such as full-time Physical office lease or not or co-working space leverage (18.15 percent).
The survey also reveals how companies plan to create organizational resilience, employee health protection and business sustainability by developing new strategies and methods. It noted that 50.29 percent of respondents agreed to increase their learning and development budget to 25 percent in 2022, with 25.59 percent saying their margins would be between 25 and 50 percent.
To address the current challenges of their employees, such as a hybrid work environment and infrastructure plan, 38.09 percent of companies are considering creating strategic approaches to mitigation, while 32.73 percent are planning business-enhanced learning and development initiatives in line with demand.