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Discovery Insure CEO on the new normal of workplace flexibility
This is a topic all employees and maybe some employers are keen to get an update on, and that is the evolving landscape of workplace flexibility as the new normal. Robert Attwell, CEO of Discovery Insure, joins CNBC Africa for this discussion.
Wed, 10 Apr 2024 10:56:40 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The adoption of hybrid work models is on the rise, with 47 percent of drivers at Discovery Insure currently embracing this approach. Only 23 percent of those who transitioned to hybrid during the pandemic have not returned to the office full time, indicating a significant shift in work habits.
- Data suggests that employees are increasingly going into the office more than three days a week, with Wednesday emerging as the peak day for in-office work. This trend reflects a preference for face-to-face interactions and possibly higher productivity levels mid-week.
- The financial aspect plays a key role in driving the acceptance of hybrid arrangements, with cost savings on fuel incentivizing employees to work from home. The value proposition for employees includes increased flexibility, productivity optimization, and potential global talent acquisition.
The landscape of workplace flexibility has been rapidly changing, with hybrid arrangements becoming the new norm. Robert Attwell, the CEO of Discovery Insure, recently shared valuable insights on how these changes are impacting productivity and engagement among employees. Through their program Vitality Drive, Discovery Insure has been able to gather telematics data that sheds light on driving behaviors post-pandemic. An interesting statistic revealed that 47 percent of their drivers are currently adopting hybrid work models, with only 23 percent of those who started working hybrid during the pandemic still not back in the office full time.
The data further indicates that around 75 percent of workers are going into the office more than three days a week, signaling a significant shift in behavior compared to the COVID-19 period. Interestingly, Wednesday stands out as the most popular day to be in the office, with over 80 percent of drivers commuting on that day, possibly due to the preference for face-to-face interactions over virtual meetings. Conversely, Fridays appear to be the least popular day for in-office work, hinting at a potential drop in productivity towards the end of the week.
Attwell pointed out that certain skill sets thrive in hybrid scenarios, while office-based employees with technology requirements tend to be the most productive. The flexibility of being in the office allows some employees to manage personal tasks during the week, leading to a reduced need for weekend errands. This flexibility has become an integral part of Discovery's employee value proposition, aligning with a post-COVID need to support hybrid working models.
Moreover, the financial aspect plays a crucial role in driving the adoption of hybrid work arrangements. Discovery's fuel cashback rewards program incentivizes clients to save on fuel costs by working from home. Attwell emphasized the importance of optimizing hybrid arrangements to maximize cost savings and productivity, highlighting the added value this brings to employees.
In terms of talent acquisition, the rise of hybrid work has opened up the possibility of hiring international candidates for specialized roles. While prioritizing local talent, Discovery recognizes the benefits of a global talent pool in certain niche areas. The alignment of shared values, such as incentivizing clients to manage risks and promoting safer roads, has strengthened customer loyalty and engagement.
Regarding younger generations entering the workforce, Attwell noted an increase in engagement among young members through gamification and financial awareness initiatives. The shift towards hybrid environments is gradually aligning with the mindset of newer employees, who are adapting to the changing dynamics of work.
As a leader, Attwell highlighted the importance of being physically present in the office to effectively lead an organization, emphasizing the value of being on-site to understand and connect with the frontline operations. While embracing hybrid working to a certain extent, he remains a firm advocate for maintaining a regular presence in the office.
The insights shared by Robert Attwell reflect a nuanced understanding of the evolving workplace dynamics and the strategic implications for organizations in navigating the new normal of workplace flexibility.
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