The working world is changing rapidly. More and more workers are opting for flexible work schedules to accommodate their different commitments and lifestyles. And with the advent of digital nomads, telecommuters, millennials and Gen Xers who value flexibility above all else, this new hybrid work model has become a necessity rather than an option.
However, let’s explore what exactly a hybrid work model entails so that you can make the right decision for your organization, company or career.
What Is a Traditional Work Model?
The traditional work model is the model by which the majority of businesses operate. Typically, you are allocated an 8-to-5 work schedule, with regular hours on specific days. You are required to work in an office or a cubicle at some point in your schedule, and you are expected to turn up for work on time every day. If that doesn’t sound like your cup of tea, you might want to consider a new career.
What Is a Remote Work Model?
The remote work model involves working outside of your traditional office. There are different types of remote work, depending on the location of your work and the tools you use to work from there. For example, you can operate remotely via video calls and/or phone calls between you and your team members, or you could be physically located in a remote office and work remotely via software. Remote work enables workers to work from anywhere, at any time. Which grants access to global talent.
Understanding the Need for Hybrid Work Models
Traditional work models were fine when the workforce consisted only of people who were fully committed or only knew the 9-to-5 job. However, in a post-pandemic world and with the great resignation, businesses are being faced with employees not wanting to return fully on-site and opting out of the traditional work model in search of flexible opportunities.
Workers have realized they can perform just as well (if not better) by working remotely. Now, they value flexibility above all else, so for employers this new hybrid work model has become a necessity rather than an option.
Hybrid work models incorporate aspects from both traditional and remote work. Instead of working from home or from an office, you may also choose to operate outside of your normal 9-to-5 schedule to give yourself more time for other things in your life.
So, What Is a Hybrid Work Model?
Hybrid work models have been around for a while, but they are only gaining in popularity recently. Overall hybrid work models look to balance on-site and remote work. Allowing more flexibility for when or for who it is necessary to be in the office. Hybrid work models can entail working some days on-site and others from home or a remote location or it can also mean having an on-site team and remote workers that are nearshore.
The hybrid work model is a great way for professionals to maintain a traditional work schedule, but still have flexibility for personal and professional growth. It’s also a great opportunity for business to re-think their traditional business model.
Having hybrid teams is a great way to reduce costs. By having a remote team, there’s less office costs, and if said remote team is nearshore you can even save up to 70% on salaries compared to the US market.
Allowing this work model permits employees to attend to their personal and professional commitments from both locations.
Learn Why and When You Should Consider a Hybrid Work Model
With the hybrid work model, you can have the best of both worlds: the flexibility of working remotely, and the accountability of being in an office or in a team environment. If you’re looking for a way to integrate work and life seamlessly, consider a hybrid work model.
Having remote and on-site teams is a great way to diversify your team by not limiting talent with location and to keep up with client pricing demands, by being able to access talent at a fraction of the cost.
Advantages of a Hybrid Work Model
- Flexibility - Hybrid work models allow you to work when and where it works for you. This means you can balance your work life with your personal life, your family life and your community life.
- Remote culture - Hybrid work models bring employees together in virtual settings, which can foster a remote and more diverse culture.
- Greater employee engagement - Employees who work remotely tend to be more engaged than those who work in an office environment, as remote workers tend to spend more time focused on their work compared with those who work in an office environment.
- Increased productivity - remote workers can be more productive than those who work in an office environment with more distractions.
- Cost savings - By implementing remote teams office costs can be reduced, and when nearshoring with Cápita Works you can increase profitability by insourcing a virtual assistant, that can even travel to your office in the US!
While it might sound like a daunting transition, hybrid work models are really just an evolution of remote work. They’re simply working remotely at certain times and in certain environments. And with the advent of digital nomads, telecommuters, millennials and Gen Xers who value flexibility above all else, this new hybrid work model is now a necessity rather than an option.
Hybrid work models incorporate aspects from both remote and traditional work, allowing you to maintain a normal 9-to-5 schedule while also having a lot more flexibility for personal and professional growth. Hybrid work models have been around for a while, but they are only gaining in popularity recently.