Editor's Note: Take a look at our featured best practice, Effective Communication with Virtual Teams (23-slide PowerPoint presentation). The number of people working remotely has been increasing progressively across the globe. An employee benefits report narrates that around 60% companies in the US offer telecommuting opportunities. According to Upwork, freelancers and contractors have increased by 81% from 2014 to 2017. [read more]
Work from Home Trends in 2023: What Your Business Needs to Know
* * * *
The COVID-19 pandemic has forever changed the way we work. With remote work becoming the new norm, businesses have had to adapt to a new way of operating. As we look toward 2023, it is clear that remote work is here to stay.
With that in mind, businesses must stay up-to-date with the latest work-from-home trends to effectively manage their remote workforce. Explore these top work-from-home trends in 2023 and what your business needs to stay ahead of the curve.
Hybrid Work Models Are Rising
As remote work becomes more prevalent, hybrid work models are rising. One Statista survey shows that at least 53% of U.S. employees work in a hybrid environment. This work-from-home trend allows for remote and in-person work, providing employees with greater flexibility.
In a hybrid work model, employees can work from home or come into the office as needed. This approach allows businesses to maintain the benefits of remote work, such as reduced overhead costs and increased productivity. Simultaneously, employees can still have face-to-face collaboration and social interaction opportunities.
One benefit of hybrid work is they offer the best of both worlds. Employees can enjoy the freedom of remote work while still having access to support from the office. This approach leads to increased employee satisfaction and retention, alongside improved work-life balance.
However, the implementation of hybrid work has its challenges. One of the biggest hurdles is ensuring employees can communicate effectively and collaborate regardless of location. Therefore, businesses may need to invest in new tools and technologies that facilitate remote collaboration.
Highlight Employee Mental Health and Work-Life Balance
It is becoming increasingly important for businesses to prioritize employee wellness. Working from home often leads to longer work hours and an inability to disconnect. In fact, one study shows that 10% of remote workers are putting in over 20 hours of unpaid work each week. Employees’ mental health and well-being can take a toll as a result.
This work-from-home trend will require businesses to mitigate these risks and create a healthy work environment for their remote workforce.
A good way to focus on employee wellness is to provide access to mental health resources and support. You can offer virtual counseling services or provide them with resources to help manage stress or anxiety. Companies may also need to invest in training for managers to identify signs of burnout and create a supportive workplace culture.
In addition to promoting employee well-being, work-life balance will be crucial to encourage. Many managers can achieve this by setting clear boundaries around work hours, ensuring remote workers have adequate time to disconnect. Furthermore, you can address burnout by offering flexible scheduling options, encouraging team members to take time off when needed.
Higher Investments in Remote Collaboration Tools
Remote collaboration tools are set to become more significant. Businesses must invest in these tools to ensure effective communication and collaboration among team members. Therefore, you will expect to see more investments in these tools as companies continue to adapt to the remote work environment.
Remote collaboration tools come in various forms, from video conferencing to project management. However, managers can use them to facilitate communication, collaboration and productivity by leveraging popular tools like Slack, Zoom, Trello and Asana.
One advantage of investing in these tools is that they can bridge the gap between remote and in-person work. Employees can collaborate in real-time and ensure team members are always on the same page.
Additionally, remote collaboration tools will streamline operations and improve the bottom line. For example, project management solutions promote efficiency and reduce errors. On the other hand, video conferencing tools allow businesses to reduce travel costs and increase productivity. Companies investing in these tools can effectively collaborate and improve their operations.
HR Plays a Crucial Role
Since 25% of positions will be remote, HR will continue to be at the forefront of managing the challenges of this type of environment. One of the responsibilities of HR in a remote environment is to ensure employees have everything they need to work alongside team members. As collaboration is critical in most businesses, employees will need adequate training and support to use remote tools effectively.
HR is also responsible for employee engagement and morale in the remote workplace. Companies must ensure workers feel supported and valued by providing opportunities to connect and socialize with one another.
Additionally, HR plays an important role in managing performance and productivity. Monitoring these and ensuring employees are completing substantial work can be particularly challenging.
However, HR managers can address these challenges by implementing performance management strategies. These include setting clear goals and expectations, providing regular feedback, and tracking progress using productivity software. By implementing these policies, HR can ensure businesses thrive in a remote work environment.
Create Remote-Friendly Hiring Processes
To attract and retain top talent, companies will need to create remote-friendly hiring practices. In this work-from-home trend, you can expect organizations to adopt competitive and consistent processes with remote work.
One challenge of remote hiring is ensuring candidates are a good fit for remote work. Working from home requires a unique set of skills and characteristics, which hiring managers must pay close attention to when interviewing candidates. Such factors include self-motivation, the ability to work independently and collaborative tech literacy.
When adapting to new hiring practices, hiring managers can assess candidates’ experience with these criteria. Additionally, companies must ensure newly hired employees have a positive onboarding experience. They can practice this by communicating clearly and providing the same resources as other employees.
Remote-friendly hiring processes will be crucial, but adapting will position them as leaders in the remote workspace.
Embracing Work from Home Trends to Succeed in 2023 and Beyond
These work-from-home trends are here to stay, and businesses that want to remain competitive must adapt to this new reality. Remote work offers many benefits, including attracting top talent from anywhere.
While challenges will undoubtedly arise as remote work continues, businesses that embrace this trend will be well-positioned for success in the coming years. By staying up-to-date and keeping best practices in mind, you can ensure you achieve long-term goals.
Do You Want to Implement Business Best Practices?
You can download in-depth presentations on Remote Work and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.
For even more best practices available on Flevy, have a look at our top 100 lists:
- Top 100 in Strategy & Transformation
- Top 100 in Digital Transformation
- Top 100 in Operational Excellence
- Top 100 in Organization & Change
- Top 100 Management Consulting Frameworks
These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
Readers of This Article Are Interested in These Resources
|
Excel workbook
|
|
20-slide PowerPoint presentation
| |||
Top 10 Recommended Documents on Remote Work
» View more resources Remote Work here.
» View the Top 100 Best Practices on Flevy.