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Hybrid Work Revolution: 72% of Business Leaders Back Flexible Future
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Speakers Corner survey reveals key insights on work-life balance and productivity in UK
Speakers Corner survey reveals key insights on work-life balance and productivity in UK businesses
(London, United Kingdom), Thursday 22nd August 2024: A recent survey of UK business owners and directors has uncovered significant trends in workplace productivity and employee well-being, with a strong focus on work-life balance and hybrid working models. The findings emphasise the growing importance of work-life balance and flexible working arrangements in today’s business environment, with 72%[1] of business leaders surveyed recognising the benefits of hybrid work models. Furthermore, the statistics surprisingly show a consistency of opinion across different age groups of business owners and directors.
The nationwide survey, commissioned by Speakers Corner, drew responses from 500 business owners and directors with at least 20% equity, for companies with at least 100 employees. Key findings include:
Hybrid Work Models Support Work-Life Balance
Age-Related Perspectives on Work-Life Balance
Underutilised Strategies for Productivity Improvement
Gender Differences in Promoting Work-Life Balance
Nick Gold, Managing Director, Speakers Corner, said; “Whether we like it or not, it’s evident that hybrid work models are here to stay. What’s particularly interesting is that our survey findings highlight the consistency of opinion across different age groups of business owners and directors. Whether you’re looking at Gen-Z leaders in their early 20s or Gen-X leaders in their 50s, there’s a shared understanding of the importance of work-life balance. Ultimately, this generational alignment suggests that flexible working arrangements are becoming a universal expectation in the modern workplace, transcending age barriers.”
The survey also revealed potential areas for improvement in addressing employee needs and optimising workplace productivity, such as reducing employee turnover and boosting inclusivity. These low percentages (all under 30%) suggest that many business leaders may be overlooking these strategies as ways to improve productivity and address employee needs.
“So why is this important? If leadership teams look at how they can address employee needs this will go some way towards retaining valuable employees longer, shaping a welcoming and productive environment for all employees, improving decision-making processes, and accommodating diverse working styles.
Hybrid work models combine remote and in-office work, allowing employees flexibility in where they work, which can enhance productivity and job satisfaction.
Productivity in the workplace measures the efficiency of employees in completing tasks and achieving goals, often influenced by work environment and management practices.
Employee turnover refers to the rate at which employees leave a company and are replaced, impacting organizational stability and productivity.
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