In the era of the future of work, companies have dedicated several years of effort towards establishing a top-notch, adaptable hybrid workspace and hybrid work model that cater to the needs of their employees.
However, there are many ways to implement a hybrid work setup. Different companies have different cultures and ways of working, so what works effectively for one company may not work as well for another company, even if they operate in the same industry. Thus, many businesses need help finding the model that will perfectly fit them.
So, as a manager, how can you evaluate if the model you have implemented is appropriate for your company's needs or if it requires modifications?
In this article, you will learn how to measure if your hybrid work model is a success or not.
According to the survey conducted by Zippia, 74% of US companies are adopting a permanent hybrid work model, and now leaders are focusing on evaluating how well this new way of working is being successful.
Here are the steps you can follow to measure if your hybrid work model is leaning toward success or not:
It’s shocking that only a few companies are measuring and monitoring how successful their implemented hybrid work model is. A new report from Omdia reveals that more than half of organizations have seen a boost in productivity after adopting hybrid work. But only 22% of these organizations have established a method to calculate how much hybrid work has contributed to the productivity increase.
It's useful for managers to gather data from objective and measurable factors and set a starting point. Conducting surveys and focus group interviews with employees and mid-level managers can help assess subjective and qualitative factors.
Moreover, companies should check the metrics every three months to see how changes to the hybrid work policy are affecting them.
Using appropriate metrics to measure will help you determine aspects you should consider in making your policy that will lead to your success. Here are some metrics you can look at and observe:
You can do this by setting up a video conference at the end of the month using your all-in-one video conference camera and video conferencing software and platforms such as Zoom, Microsoft Teams, Google Meet, etc.
Moreover, some crucial but hard-to-measure metrics for a company's culture and talent management include things like morale, engagement, well-being, happiness, burnout, intent to leave, and quiet quitting.
Measuring these metrics requires subjective and qualitative methods like creating surveys customized for remote and hybrid work policies.
You can test out different hybrid work policies by trying out different schedules and locations to see how they impact your company's metrics. For instance, you could have employees work one day a week in the office and two days in another location.
Then you can evaluate how this affects important metrics like productivity, retention, and morale. This will help you determine which hybrid work policy is most effective for your company.
During the first three months of implementing a hybrid work policy, it's important to review and adjust it every month as needed. After this initial period, it's recommended to review and make changes every quarter.
This will help ensure that the hybrid work policy is working well for both the organization and its employees.
In ensuring your hybrid work model's success, you don’t only need to have a perfect policy that fits all your employees but also provides them with the best collaboration and communication tools.
The best tool you can provide to your employees is the best video conference camera and the flagship product of Coolpo - Coolpo AI Huddle Pana. It is AI-powered, easy to set up, and secure to use which will make your video conferencing experience more seamless, immersive, and innovative.
It is also compatible with mainstream video conferencing platforms such as Zoom, Microsoft Teams, Google Meet, Skype, etc.
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To evaluate the success of your hybrid work model, first, set clear success metrics, and measure appropriate metrics like retention, recruitment, performance, collaboration, innovation, and professional development.
Next, experiment with different hybrid work policies to identify the most effective one for your company. Likewise, review and adjust your approach every month for the first three months, then every quarter.
Lastly, collect feedback from employees and mid-level managers, and use video conferencing software like Zoom, Microsoft Teams, or Google Meet and video conference cameras such as Coolpo AI Huddle Pana to assess employee productivity.