Investing in the Home Office of Hybrid Employees Pays Off. Here’s Why.

A new study by Logitech of 3,000 employees and 1,000 IT hardware decision makers in large organizations found that 89% struggle with video and 85% with audio in their work from home office. Less than 40% received accessories other than mice and keyboards from their organizations.

In reality, the large majority of workers don’t pay to equip their home offices. Employees believe that it’s the company’s job to fund their work from home needs. They feel it would be unfair for them to buy whatever they need for their home office just for the sake of doing work for the company. 

So they end up struggling with technology and ergonomic challenges. Doing so harms their productivity, since they can’t work as effectively. It undermines their wellbeing, due to physical discomfort from lack of ergonomic furniture and mental discomfort from concerns about how they appear on camera. It undercuts retention, because staff feel frustrated and resentful over not having the equipment they need to do their job well.

With 79% of companies switching to a hybrid work modality, according to the EY Work Reimagined Employer Survey, a large portion of the work employees do for a company will be done from home offices going forward. Given that, it’s imperative to invest in equipping staff for work from home.

To read the full article, visit the Forbes website. 

Source: Forbes

Flexible Office Market Size & Share to Surpass $201.28 Billion by 2030

Facts and Factors has published a new research report titled “Flexible Office Market Size, Share, Growth Analysis Report By Space Providers (Big Brands and Independent Brands), By Offerings (Private Offices, Virtual Offices, Co-working Spaces, and Others), and By Verticals (IT & Telecommunications, Retail & Consumer Goods, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2030” in its research database.

The report covers the forecast and analysis of the flexible office market on a global and regional level. The study provides historical data from 2018 to 2020 along with a forecast from 2022 to 2030 based on revenue (USD Billion). The study includes drivers and restraints of the flexible office market along with the impact they have on the demand over the forecast period. Additionally, the report consists of the study of opportunities available in the flexible office market on a global level.

“According to the latest research study, the global flexible office market is anticipated to be valued at approximately USD 55.20 billion in 2021 and is projected to hit a revenue of around USD 201.28 billion by 2030, at a CAGR of around 20.34% between 2022 and 2030.”

To learn more and download a copy of the report visit the Yahoo Finance website. 

Source: Finance Yahoo