The pandemic in 2020 catapulted the work environment to utilise technology to develop the modern-day workplaces where remote and hybrid work became a norm. Initial struggles apart, both employers and employees have now embraced hybrid working and conversations are now moving towards making this new workplace more efficient and future ready.
One of the big advantages employers gain through hybrid work models is the sharp decline in costs. The need for office space is greatly reduced while utility expenses such as electricity, internet, and support staff are also being significantly cut down. They could also save on additional expenses such as relocation allowance and the House Rent Allowance (HRA) component of salaries as they would only have to pay lower amounts for mini metros/ tier-II towns. In addition, as employees are increasingly gravitating towards flexible jobs, providing employees with increased choice could have positive effects on retention, while reducing hiring and training costs.
Actual Experience PLC (LON:ACT), an analytics-as-a-service company, provide digital experience quality analytics services in the United Kingdom, the United States, Europe, and internationally.
