Remote and Hybrid Teams Investing in Workplace Culture See Increases in Productivity and Profitability
[London, UK - May 24, 2022] A recent report reveals 53% of leaders of remote and hybrid teams are investing more in workplace culture due to the pandemic and reaping the rewards in productivity and profitability. The study by Omnipresent and Remote Social shows that managers are rethinking what their companies and employees need in order to succeed in a remote or hybrid work environment.
The report, How managers are investing in remote and hybrid team success, reveals that productivity, work-life balance and communication are all common pain points for managers, but are seeing tangible benefits from their investments in their teams. More than 62% of managers claim they have seen the most benefit on productivity and profitability, and invest an average of US$51-100 per employee, per month on workplace culture. These teams are also benefiting from a good work-life balance (52%) and half of the teams (50%) have seen improved internal communication.
However, both hybrid and fully remote teams are still struggling in some key areas. Even if they have seen improvements on workplace culture, 70% of fully remote workers and 57% of hybrid workers claim they lack work communication and collaboration opportunities or tools to do their work effectively. The report highlights how workplace communication and collaboration requires consistent strategy development.
Kate Gray, Head of People and Talent, at Omnipresent states, “For remote and hybrid organizations, intentionality is key when strengthening company culture and giving purpose to employees to help drive their daily decision-making. Employers must be deliberate in how and what they communicate with staff, while also delivering the tools and opportunities staff need to feel part of a team and work toward a shared goal.
“While strong intent is key, it’s not simply a case of spending more on generic workplace strategies or practices that were once implemented on-site. Cultural strategies should be tailored to teams’ specific needs. Hybrid team managers in particular need to be thinking about challenges that are inclusive of both their on-site and off-site employees and consider how logistical elements - like benefits, resources, and equipment - may need to differ as a result.”
Employers recognize the correlation of increased budgets and spending on culture and collaboration. 49% of managers investing more in workplace culture said COVID had a positive impact on collaboration. Managers investing more in workplace culture for their remote and hybrid teams are more intentional in their approach as a whole leading to improved overall communication and collaboration.
While many global managers fear that remote and hybrid work prevents camaraderie among team members, compared to on-site team benefits, the report shows that it does not automatically lead to a breakdown in personal connections. Investing in an inclusive workplace environment for on-site, remote and hybrid teams helps employees feel like they are all part of the same company ecosystem.
Mike Fitzbaxter, Co-founder, Remote Social says, “Fostering effective communication, engagement and social interactions are key to building a successful and productive team culture. The challenge remains in creating a culture that’s inclusive in how it supports both on-site and remote staff. Managers now need to be conscious of creating a workplace environment that doesn’t simply emulate the physical office; it’s therefore essential to ask employees directly what they would find most useful and build your strategy from there.
“Ultimately, remote and on-site workplaces are different environments, but they’re part of the same ecosystem. By intentionally supporting employees regardless of their location, a business can benefit from a truly innovative and thriving workplace culture.”
Global employment partner Omnipresent provides client-focused, tech-enabled business solutions combined with personalized expertise to support hiring people globally. Businesses aiming to go global can hire and manage employees compliantly in more than 160 countries through the OmniPlatform, Omnipresent’s proprietary digital platform and SaaS product. Companies can easily integrate HR administrative duties, including payroll, expenses, taxes, and benefits, to let them focus on growing their business. As a fully remote company with no corporate headquarters, Omnipresent has grown from a team of two to more than 350 people distributed throughout 50+ countries worldwide since November 2019.
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