Research by the International Workplace Group (IWG), the world’s largest provider of flexible workplaces, shows that nine out of 10 CEOs have adopted the hybrid working model (91%), with three-quarters claiming it has led to a significant increase in productivity (75%) and has contributed positively to staff retention (76%).

According to this new survey of 500 CEOs, the vast majority (74%) stated that their business is not prioritizing the full return of workers to the office.

The research highlights the multiple benefits businesses enjoy from adopting hybrid working, with a particular impact on company culture, with three-quarters agreeing that it has improved since hybrid working began. At the same time, a significant improvement in employee communication was recorded (77%) and collaboration efficiency between teams and colleagues (75%).

Also, the survey revealed that more than seven out of 10 CEOs (73%) agreed that hybrid working allowed them to attract and hire the most promising talent.

This is due to the fact that the ability to offer employees greater autonomy in when and where they work has also allowed businesses to access a much wider pool of talent, with 71% of CEOs saying they have been able to build a more diverse pool of candidates.

While some companies mandate that employees be in the office five days a week, the study revealed that most leaders (74%) say a full return to the office is not a priority for their business in the future, recognizing that inflexibility could to affect staff and that hybrid work positively affects their productivity.

In fact, almost two-thirds (65%) believe they would lose talented workers if they insisted on their employees being in the office every day.

So instead of asking their employees to endure unnecessary, distant and expensive commutes to headquarters, most business leaders are choosing to invest in the future by enhancing and improving hybrid work equipment and facilities.

94% of companies surveyed said they had invested in new technologies to improve the hybrid experience in the past year, with 43% saying this was their most important investment in the previous year.

With continued investment in hybrid work accelerating, the potential for growth is exponential.

With an estimated 1.2 billion office workers worldwide adopting this model, the market for hybrid work tools and services is expected to exceed 2 trillion dollar.

Co-working spaces continue to play a key role in enhancing corporate culture and employee satisfaction, according to a survey of business leaders from a variety of industries.

Yes, her research IWG showed that CEOs of companies that adopted hybrid work saw an increase in employee happiness and productivity, as well as an improvement in attracting and retaining talent. In addition, 74% of respondents estimate that the hybrid model will prevail in their companies in the next five years.