CFOs Recognize Significant Cost Reduction Potential, with 8 in 10 in Agreement
Hybrid work arrangements are now a potent resource that firms use to attract and retain the best. Nevertheless, a recent survey by IWG, which included over 250 American full-time CFOs, found that hybrid work’s benefits extend beyond talent management. The CFOs understand that the cost savings are also a game changer.
The report indicates that approximately 81% of the CFOs believe that hybrid work is a way of saving on costs and 87% intend to utilize this model for five years to come. The research shows that CFOs and business leaders are opting for hybrid working for several reasons. It assists in maintaining a positive work-life balance and well-being. These findings make 64% of the respondents cut back on the amount of space used in their offices while doing hybrid work. Additionally, 74% are already in transition into shared office space or flexible workplaces.
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