67% of employers think hybrid working helps growth

New data has found that two-thirds (67%) of employers believe remote or hybrid working is crucial to their future growth as a business.

Global bank HSBC’s latest Navigator research, which polled more than 2,100 business leaders from 10 global markets, highlighted that organisations are reacting to the demands of the workforce and are focusing on wellbeing and work-life balance factors as well as financial incentives when it comes to attracting staff.

Just one in 20 (5%) respondents believe that they will not see any type of remote working in future and four in 10 (39%) think offering a flexible working arrangement is a key driver for both attracting and retaining employees. Potential positive impacts on employee wellbeing were also noted as the top benefit of a remote or hybrid approach in the research.

The findings also revealed that the most popular future workplace option for businesses is a fully flexible approach to remote working, where employees determine whether they go into the office or work from home, with a third (34%) planning to implement this policy.

In addition, 46% of employers perceive salary and benefits to be the top factor in moving jobs. Meanwhile, 39% of employees believe factors such as flexible working policies and emphasis on employee physical, mental and financial wellbeing (36%) are set to become just as important.

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Barry O’Byrne, CEO of global commercial banking at HSBC, commented that business leaders are enhancing the ways in which they are attracting and retaining staff, including non-financial factors such as wellbeing, flexible working policies, and training and development.

“The pandemic has shifted work patterns and the expectation of what employees across the globe want from their jobs, so not only are businesses adapting their working arrangements and enhancing support for staff as part of their bid to attract top talent, but also to incentivise their staff not to look elsewhere,” he said.