Know Your Hybrid Savings with wAnywhere’s Free Hybrid Workforce ROI Calculator

A hybrid work culture means you get to experience the best of both the worlds–working remotely and in-office. When coming to the adoption rates, it is observed that over 64% of businesses around the world are operating on a hybrid work setup, emphasizing the emerging shift towards how we work.

Now the question arises– Is your organization already a part of this trend or are you now considering to run your business operations with a hybrid work model? If the answer is ‘yes’ for you, this could be a smart move for your businesses and operations as a recent research observes: switching to a hybrid work model can save businesses up to 40% office costs.

But how would you calculate these savings into a measurable data? Quantifying these savings can become an overwhelming task for businesses, adding complexities and burdens to financial departments. To measure these hybrid cost savings, a cost saving calculator can be an invaluable tool.

That’s why wAnywhere (powered by ShepHertz) has purpose-built the most advanced hybrid workforce ROI calculator to help enterprises measure how much resources they can save by adopting to hybrid work model. In this blog, we will explore what is a hybrid workforce calculator, how does it works, and how to leverage wAnywhere’s hybrid savings calculator tool to get actionable data, boosting data-driven decision-making.

What is a Hybrid Workforce ROI Calculator?

A hybrid cost savings calculator is a powerful tool that helps businesses to measure and calculate the amount of savings an organization can make by switching to a hybrid work setup.

This tool uses multiple key variables such as team size, working days per week, and travel cost, in addition, it also considers various expenses like infrastructure space, commuting costs, employee salaries, and remote work-related costs to help businesses to get estimate savings they can do by optimizing or switching to hybrid model.

While operating from traditional setups, organizations often overlook the costs spent on office spaces, utilities, or miscellaneous daily expenses. Here, a cost savings calculator helps by spotting where businesses can save resources by working on a hybrid model. This tool asks for multiple input fields and based on your operations metrics, it provides you with actionable data that helps you to boost your ROI with a data-driven approach.

The Changing Dynamics of Physical Office Space: What to Expect 

Before diving into the joy of cost-saving a hybrid work brings to businesses, let’s explore the changing preferences of working professionals and business owners in today’s world. To accommodate a team of 100 employees, you need 100-250 sq. feet of space, approximately.  Many physical offices are turning into more of a place for collaboration, socializing, or group meetings rather than just a place to work for an entire day.  

Since 2021, due to hybrid work, we are witnessing 25% yearly drop every year in utilizing office spaces, resulting in a 22% decrease in the average square footage per employee in many companies.

Many organizations still require a physical office space to operate because of their unique workflows or services. However, one of the most appealing factors for businesses to turn into a hybrid workplace other than employee well-being is the amount of money they can save.

Taking more specifically, enterprises can save up to 50% on their physical infrastructure cost when they adopt a hybrid work model. Let’s dive in to calculate your hybrid workforce ROI with wAnywhere.

How Does the Hybrid Workforce ROI Calculator Work?

With over 14 years of experience in operating hybrid mode as one of the leading IT companies and helping over thousands of global remote/hybrid organizations, our hybrid savings calculator serves as a reliable tool to calculate the estimate cost-saving an enterprise can do by switching to a hybrid workplace.  

This tool comes in two versions, which are basic and advanced. The basic version calculates the estimated cost-saving of the employer by analyzing the following parameters:

• The size of the team.
• Number of working days in a month.
• Number of resources working from office. 
• Number of resources working from hybrid.  
• Number of resources working remotely.
• The Cost of seat per employee per month.
• The cost of travel expenses per employee per month.

This basic version calculates cost-savings estimations by using some basic assumptions, such as Rs 2000 travel expense per employee per month and Rs 12000 seat cost per employee per month.  

However, if you want to customize inputs and need detailed hybrid ROI reports, you can use our advanced version of hybrid workforce ROI calculator app. Here, you can provide accurate amounts of money that goes into per employee seat and travel expenses on a monthly basis.  

How do you calculate seat cost per employee per month? Just add up all the direct and indirect expenses that go into maintenance and operations of one seat an employee occupies monthly. These expenses includes furniture, technology, rent, utilities, electricity, etc. After calculating the total amount of expense per employee per month, divide it by the total number of employees in the office.

Who Should Use wAnywhere’s Hybrid Workforce ROI Calculator?

Business Owners & Founders 

• Instantly know your potential cost savings by switching to a hybrid work model, including reduced travel and operational expenses.  
• With instant reports offering ‘total employer savings amount and percentage’, this tool helps business owners to make informed decisions on real-estate, workforce distributions, and budget allocation.  
• Easily figure out how much staff you need for in-office and remote operations as per your budgets without losing productivity. 

HR Managers & People Operations Teams

• Analyze costs related to infrastructure, travel, and utilities to plan and implement a cost-effective hybrid workforce strategy based on your unique workflows. 

• Improve employee experience and satisfaction by balancing remote and office work while ensuring optimal resource allocation. 

• Justify remote work policies with concrete data on financial and productivity benefits. 

CFOs & Finance Teams 

• Use financial data from the calculator to forecast budgets, improve cost efficiency, and identify areas for reinvestment. 
• Improve your financial planning and showcase ROI from hybrid work strategies to key stakeholders and leadership teams.  

Operations & Workplace Strategy Teams 

• Effortlessly figure out the ideal balance between remote and office workdays to maximize cost savings without impacting productivity. 

• Use data-driven insights to streamline workplace planning and resource allocation. 

Remote-First Companies & Startups 

• Identify how much capital can be redirected from office expenses to employee well-being, technology, and business growth, helping you gain a competitive edge.  

• Build a sustainable remote-first model by evaluating savings across real estate, travel, and operational costs.

Benefits of a Hybrid Workforce ROI Calculator for Businesses

Using a hybrid workforce ROI calculator tool, like one offered by wAnywhere has many advantages for businesses, including: 

Cost Optimization: It is easy for businesses to identify areas where they can save money and resources with the help of a hybrid ROI calculator. For example, you can calculate how much cost-cutting can be done by reducing office space and commute expenses, or by increasing the number of remote working days.  

By understanding these cost savings, it becomes effortless for businesses to allocate their operational budgets effectively.  

Data-driven Decision Making: By receiving quantifying, actionable insights on a hybrid setup cost-savings, businesses can end the guesswork and start making informed decisions about their operations based on real data. Having a clear picture of savings associated with implementing a hybrid work model, you can forecast your operational expenses without any hassle.  

In addition, these insights will help you to plan budgets for the future, empowering your business to stay agile in this dynamic market.  

Increased Efficiency: Implementing a hybrid work approach is not just a decision away. You have to consider and evaluate many factors such as operations, cost-savings, budgets, etc before pushing gears for a hybrid setup. Moreover, 75% of companies are facing operational challenges while switching to a hybrid workforce. In turn, many companies hire agencies that help them to calculate, audit, and analyze hybrid workforce ROI.  

To save your resources, time, and efforts that could go into hiring an audit agency, you can make use of wAnywhere’s free hybrid workforce ROI calculator. Eliminate the manual processes for hybrid workforce ROI calculation, and focus on strategic work while ensuring maximized cast-savings.

Conclusion 

In the past few years, the way we approach work has constantly changed. Moreover, almost all around the world, with the increasing interest rates, operational complexities, and slowly heading towards recession, businesses are constantly finding new ways to save money and increase their profits.

Adopting a hybrid work culture can come as a boon for businesses looking to maximize ROI, cut operational costs, and upscale. Try wAnywhere’s free hybrid workforce ROI calculator to measure your cost-savings today.