Hybrid helped Filipinos save P340K a year — Cisco report
About 89% of Filipino workers were able to save P342,394 (US$6,548) per year with the hybrid working arrangement.
According to a report released by teach firm Cisco, 90% of respondents were able to cut costs on fuel amid the pandemic, 90% saved up on commuting costs, and 76% were able to save up on food and entertainment expenses.
Meanwhile, most of the respondents (or 89%) believe that they can keep these savings long-term if they could continue hybrid working.
With its cost-effectiveness, Cisco stated that at least 60% of Filipino employees prefer a hybrid work setup in their companies more than other arrangements.
Aside from the sound effects on workers’ financial well-being, the study found that hybrid work arrangement was also beneficial to Filipino employees’ work-life balance and productivity.
Data from the study showed that 86% of respondents said that the time away from the office improved their work-life balance.
Cisco surveyed 1,050 full-time employees in the Philippines between January and March 2022. The study covered different generations, gender, and seniority who believed that hybrid work improved the employees’ well-being, work-life balance, relationships, and personal confidence.
Related news
- 73% of PH employees prefer work-life balance over promotions · 5 Jul
- 92% of PH workers reveal that hybrid working made them happier · 20 May
- Economic outlook, reforms boost Aussie interest in PH · 23 May
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
