The COVID-19 crisis is certainly one of the biggest challenges to the norms and barriers that have previously kept employees from working remotely.
Now, employees are wanting their organisations to prioritise more flexible, hybrid working models, while executives are also predicting a greater mix of remote with on-site work will become more commonplace. But beyond that, the details about hybrid work become more imprecise. A hybrid work plan is a new point of difference that most – if not all – organisations would be wise to take on.
Even though globally the last century has seen massive growth in productivity, New Zealand organisations haven’t kept pace, seeing us going from being once one of the most productive economies to now one of the least.
In part, it’s likely to do with a problem in how we’re measuring it. Unable to include production itself, productivity itself is represented as the number of hours of paid work, not the hours actually worked.
Additionally, there’s no certainty about the impact of economic disruptions on productivity growth. It’s a two-sided coin – on the one hand, losing business confidence is shown to reduce efficiencies; on the other, the weakest firms may fail, leading to the so-called ‘cleansing effect’ which raises overall productivity.
Innovation and technology change, which is at the centre of growth, is set to be key to continued global development.
Earlier this year, the 2021 Work Trend Index – a survey of 30,000 people in 31 countries, including New Zealand – signalled the hybrid working model is here to stay.
The research analyses trillions of aggregate productivity and labour signs across Microsoft 365 and Linkedin, and draws on viewpoints from authorities on collaboration, space design and social capital at work.