Hybrid working is good for both businesses and employees, 10-month study finds
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The House of Lords recently concluded a ten-month special inquiry, 'Is Working from Home Working?', examining the sustainability and impact of homeworking in the UK.
The inquiry found that while hybrid working's impact on productivity is limited and best assessed case-by-case, it significantly boosts employment rates for groups such as disabled people and parents, potentially increasing the labour supply by 1-2 per cent.
It is estimated that hybrid working could save employers between £7 billion and £10 billion annually through improved retention and recruitment, though new starters benefit from more in-person time during induction.
The report addressed employer concerns about collaboration, suggesting that well-managed hybrid models, incorporating 'anchor days' for in-person team gatherings, can effectively foster workplace relationships and that technology's potential for collaboration is underutilised.
The inquiry cautioned against blanket return-to-office mandates, noting they can cause employment issues by ignoring employee preferences, and recommended redesigning offices to better support collaborative work, given post-pandemic space limitations.