The way we work has drastically changed over the past few years. For some companies and individuals, it’s changed multiple times. We are collectively trying to figure out how the future of work may look for our organizations and our people. And none of us can lose sight of what matters most—our employees and serving our stakeholders and clients.
Besides the pandemic and the shift to virtual work, other factors are impacting how businesses approach work: talent attraction and retention, real estate costs, culture, and technology. This is especially true as businesses struggle with talent shortages and employees advocate for flexibility and competitive compensation. The connection between businesses and the workforce is a symbiotic relationship, regardless of whether it’s in an office setting or fully remote.
Determining how and where people work is about more than employee preferences and logistics. The decision can have long-lasting impacts on a company and its culture, and it’s critical that business leaders take it seriously. There are advantages and disadvantages, as well as risks and opportunities, that business leaders should consider.
There are three main ways of working: fully in person, hybrid, and virtual. At the end of the day, it comes...
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