The report found that 81 per cent of Chief Human Resources Officers (CHROs) view hybrid working as essential for retaining top talent. (Image: Unsplash)
\n\nHybrid working is becoming more than just an employee perk, with businesses increasingly viewing it as a way to attract skilled professionals, retain experienced staff and improve productivity. A new analysis by International Workplace Group (IWG) and Arup estimates that better employee retention alone could generate productivity gains worth $204.7 billion in the US and 10.8 billion pounds in the UK over five years.
\n\nThe findings show how flexible work arrangements can help employers compete for talent while reducing the costs associated with employee turnover and the loss of organisational expertise. As competition for specialised professionals intensifies, companies offering greater flexibility in where and how employees work could gain an advantage over those relying on conventional office-based arrangements.
\n\nThe analysis also points to the growing role of artificial intelligence (AI) in improving workplace productivity, suggesting that combining technology with flexible working models could deliver additional benefits to businesses.
\n\nHybrid Working Becomes A Key Tool For Attracting Talent
\n\nWorkplace flexibility is increasingly influencing candidates' decisions when evaluating potential employers. According to the analysis, 81 per cent of…
Original source: https://www.timesnownews.com/business-economy
