You may wonder, how can your labor cost decrease by converting to a hybrid? Whether your model is in-office, remote, or hybrid, labor is (of course) a necessary expense. Even if your workforce is the same size, you may find that is precisely the case for a few different reasons.
First, finding and hiring employees remotely can be less expensive. When employees are not required to commute daily, they save on transportation, food, and clothing expenses, not to mention significant time savings. You also may be able to hire from a wider pool of candidates from outside typical commuting distance who are willing to work for less to enjoy remote work benefits.