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Top technology investments include cloud technology (62%), AI and automation (52%), security (52%), and generative AI (41%).
A new study shows that 95% of CEOs surveyed have invested in new technology in their businesses to improve hybrid workplace environment over the past year.
The study conducted by International Workplace Group gathered over 500 CEOs to share their sentiments and plans towards the high demand for a hybrid work environment.
According to the study, as more employees demand for a closer proximity between work and home, 44% of CEOs have reduced their office spaces by a quarter, reducing its energy consumption and operational costs. This, in turn, allows companies to reallocate their funds into new and improved technology to increase hybrid working productivity.
The top technology investments include cloud technology (62%), AI and automation (52%), security (52%), and generative AI (41%). Close to half (46%) also said they plan to significantly invest in their software in the coming years.
The impact of hybrid working on productivity
CEOs who support their employees with the hybrid working experience through technology investments have revealed that 74% of workers find themselves being more productive with this working style. This has resulted in better motivation and job satisfaction overall.
In line with this, 86% of HR leaders recognises hybrid working as practice that is in high demand as a wellness benefit, with more than eight in 10 (85%) noting that it improves employee productivity.
Commenting on the findings, IWG CEO Mark Dixon says these investments are made for the long-term commitment to hybrid working.
“It has never been easier for workforces to collaborate whenever they are and we will continue to see a permanent shift towards more localised working,” he added.
Plans to continue new technological investments will continue as 87% of CEOs surveyed are keen to further enhance the hybrid working experience for their employees.
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