According to a recent EY survey, only 1% of over 500 business leaders said their organizations run exclusively remotely.
Compared to the scenario in 2022, when 34% of enterprises operated remotely, this represents a big change.
80% of leaders expressed confidence in their hybrid strategies and noted a rise in employee productivity over the past 2 years.
The hybrid model is believed not to harm innovation and has emerged as the dominant work structure.
This trend makes the fully remote work paradigm essentially outdated.
The pandemic saw the number of employees working exclusively from home triple. Now, business leaders are voicing concerns about the potential impacts of remote work on company culture.
The hybrid work model typically involves three days in the office and two days working from home.
86% have instituted an office attendance mandate for a certain number of days per week.
This shift in work models is also reflected in office space usage. More than half of small companies and nearly half of mid-size companies increased their office space footprint.
The survey also shows the dominance of hybrid work has underscored the need for organizations to invest in cybersecurity preparedness.
