Hybrid Work Models Set to Prevail in Employee Preferences in 2024 and Beyond | TimeFlip study

TimeFlip, a developer of an innovative time and productivity tracking device, releases key findings from its recent survey, indicating an apparent trend towards the prevalence of hybrid work models in knowledge industries in 2024 and beyond. The survey, conducted in 2023 among over 3000 of the company's clients, provides valuable insights into the evolving landscape of work preferences.

The COVID-19 pandemic propelled a global shift to fully remote work, showcasing adaptability of the majority of businesses. As restrictions eased, some returned to offices, but a substantial workforce opted for a hybrid model. Recognizing the newfound flexibility and work-life balance, employees embraced a mix of remote and in-office work. Three years into the remote-work revolution, studies consistently indicate that flexible work arrangement is attractive for the employees as they are willing to forego about 8% in annual pay for a job that is partly or fully remote. The reason behind this is a flexible schedule being not only more comfortable and balanced but also more lucrative for the employees. Remote workers in the US report saving $5,000-10,000 a year on average because of the significantly reduced daily transportation and meal expenses.

This rationale finds complete validation in TimeFlip's recent survey, which collected feedback from over 3000 of their client pool, consisting of knowledge industry workers. Thus, it revealed that 74% of respondents have already embraced either hybrid or fully remote work models. Within the cohort of professionals still engaged in on-premise work arrangements, the TimeFlip survey unveils another trend - 64% express a willingness to transition towards more flexible schedules. The findings affirm that professionals in knowledge-based sectors increasingly prioritize autonomy and a balanced work-life dynamic. The respondents also underlined major challenges associated with remote work, such as concerns about communication and team collaboration. This perspective makes hybrid models more beneficial and secure for the businesses to maintain a cohesive company culture, compared to fully remote.

Pavel Cheshev, CEO of TimeFlip, commented, "Our survey reinforces the expectation that hybrid work models will become the predominant choice in the professional sphere in 2024 and beyond. Companies should present those as a benefit to attract and retain top-tier talent. Furthermore, remote workers define their own time usage, and their productivity is not a function of hours spent in the office. That is where voluntary time management solutions like TIMEFLIP2 come into play to help them make the best use of their time and schedule."

TimeFlip sp. z o.o.
Swiety Marcin 29/8,
61-806,
Poznan, Poland
email: info@timeflip.io

About TimeFlip:
TimeFlip (https://timeflip.io) operates in time tracking and work productivity space since 2019. It continues to innovate with its flagship product, TIMEFLIP2 physical time tracking device, created to facilitate time and productivity tracking for a wider audience of "white collar" workers, including those on hybrid or remote schedules. According to TimeFlip's own data, the vast majority of the company's clients work in software development, IT services, design, communication, marketing, consulting, education, finance and logistics, as well as public services.

This release was published on openPR.