home Employee Experience Most businesses believe hybrid and remote work improve profitability and revenue

Most businesses believe hybrid and remote work improve profitability and revenue

According to the 2023 Global Employee Experience Trends Report, published by NTT, 84% of ANZ businesses see hybrid and remote work as having a positive impact on their bottom line.

The report found that while 84% of businesses see the enablement of hybrid and remote work as having a positive impact on their bottom line, less than half (43%) of organisations strongly agree that employees have access to the technology they need to work well both at home and in the office.

Many organisations are now implementing more structured approaches to work, with the report finding that approximately 36% of hybrid workers spend half the work week at the office. However, with hybrid models still favourable and recognised by the majority of business leaders as fundamental to positive EX, organisations need to ensure they are providing employees with the technologies they need to work effectively, regardless of location. This shows how the EX-narrative has evolved over the last several years. Today, it is a business-wide priority to proactively ensure employees are empowered and have the right technologies in place to feel connected and drive efficiency. 

Top-performing companies that increased their IT spending and invested in EX technology were 56%more likely than underperformers to report improved business growthdue to improvements to EX, and 89% more likely than all others to have significantly increased employee satisfaction.

Commenting on the research, Amit Dhingra, Executive Vice President of Network Services at NTT Ltd. said: “The disconnect between what employees need and what businesses provide them with is still too large. Too often we see hybrid working strategies focusing on one type of working style, despite employees wanting the flexibility to work in a way that suits them.”

“It was positive to see that 67% of organisations agree that hybrid and remote working has led to their investment in mobility over the last two years to promote flexibility, but more still needs to be done to reduce the disconnect and improve EX. This is especially true given that satisfied and engaged employees are 66% more likely to deliver exceptional customer service,” added Dhingra.

In addition to hybrid work, EX is also being impacted by the rise in AI, with the emerging technology voted as the #1 enabler of future customer experience (CX) and EX strategies, and AI interfaces rising to become the norm for 4 in 5 organisations within the next 12 months. Despite this, 86% of organisations agree that human-led support remains a critical element in their customer engagement. To read the full report, please visit: https://services.global.ntt/en-us/campaigns/2023-global-employee-experience-trends-report

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