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Remote and Hybrid Work Environments are Here to Stay

Aug 09, 2021

Key Takeaways

  • Remote and hybrid work environments will redefine how employees prefer to work in the future.
  • A war for talent could be on the horizon if employers do not address employees’ preferences and needs.
  • Offering employee benefits that address the needs of a changing workforce will be key to attracting and retaining future talent.

 

The swift move to remote work prompted by the COVID pandemic promises to have a lasting impact on both employers and employees. Many employees came to appreciate the greater flexibility that remote work offers, and the cost savings gained in large part by saving on commuting costs. Meanwhile, key benefits for employers included cost savings, increased productivity, and greater employee satisfaction. Now, many firms are expected to shift permanently to either a remote work model or a hybrid model in which employees spend some time on-site and some time working from home.1

Yet, one unintended result of these significant changes is that the war for talent is likely to become fiercer as employees press for flexible work models. Prudential’s research indicates that one in three American workers no longer wants to work for an employer that requires them to be onsite full time.2 Employers that fail to address these new preferences risk losing some of their best employees.

 

The benefits of remote work

By working remotely, the number one most common benefit experienced by workers is saving money. Other advantages include saving time as well as health and wellness benefits.

  • 49% Save money
  • 46% Save time by not commuting
  • 40% Spend more time with my family
  • 37% Get more sleep
  • 34% Improve my health
  • 32% Reduce my overall stress

 

To attract and retain talent in the years ahead, employers will want to create an appealing employee value proposition that incorporates ongoing learning, flexible and engaging work, and competitive benefits tailored to each employee’s unique need and concerns. Offering employee benefits that address the needs of a changing workforce will be key to supporting and retaining remote and hybrid workers and will become an increasingly important differentiator for employers.

 

ABOUT THE AUTHOR:

John Proaño

Director, Participant Engagement, Prudential Group Insurance

John Proaño is the Director, Participant Engagement at Prudential Group Insurance, a business unit of Prudential Financial, Inc. As the Director of Participant Engagement, John is responsible for strategic marketing, planning and execution of Enrollment and Financial Wellness engagement across all GI business segments. John has 9 years of experience in the Financial Services industry, and 13 years in the Technology sector. He joined Prudential in 2012 and has held several positions in the organization, including Director, Social Media & Business Enablement and Enrollment and Financial Wellness Participant Engagement.

 

Read More

To learn more, read Remote and Hybrid Work Environments are Here to Stay  PDF Opens in a new window.

 

Footnotes

  • 1 Gartner Inc., “Gartner CFO Survey Reveals 74% Intend to Shift Some Employees to Remote Work Permanently,” April 3, 2020.
  • 2 Prudential, “Pulse of the American Worker Survey: Is This Working?,” March 2021.

 

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