Two thirds (66%) of business leaders view the Metaverse as the natural progression for hybrid working, according to new research by Regus.

Half (48%) are now exploring office space within the online world.

Meetings in the Metaverse could become reality for millions of UK workers soon after a new study found that hundreds of businesses are looking for, or building, office space in the virtual technology.

Enabling workers in different locations to interact via 3D avatars, bosses believe the Metaverse will have a significant impact on the way we work.

A staggering 70 percent expect it to increase demand for flexible working, as it will reduce the need for staff to work from the same office location.

 

Greater flexibility as a result

Business leaders also believe that the flexibility offered by the Metaverse will bring a host of other benefits, including more diverse workplaces (62%), improved mental health (57%), reduced presenteeism (54%) and better relations between remove and office-based staff (54%).

Seven in 10 (71%) also think it will present new business opportunities, welcome news amidst fears of a recession on the horizon.

 

New tech worries

But despite bosses’ enthusiasm for the Metaverse, there are fears among office workers that businesses will not be brave enough to take the plunge on the new tech.

Nearly two thirds (63%) think their employer will wait to see how other businesses fare before investing themselves, while less than half (46%) think their company will be an early adopter of the Metaverse.

Just 6 percent think their business will adopt the tech in the next 12 months, with most (33%) expecting it take 3-4 years.

 

Is there much employee enthusiasm for the new tech?

Employee enthusiasm for the tech to be adopted quickly is driven by its perceived benefits.

Communication between team members (44%), teamwork (41%), remote working opportunities (40%) and creativity (39%) were identified by staff as the greatest advantages of working in the Metaverse.

When it comes to implementing the new tech, 56 percent of business leaders say shared office space will be key.

Also, 61 percent are so bullish on its prospects that they believe it will become crucial for communications between different company offices.

Mark Dixon, Regus Founder and CEO, said: “Change in the world of work is almost always driven by technology. In the 90s email transformed the way we did business, while during the pandemic we turned to video conferencing to enable more effective working.”

“This data shows that business leaders expect the Metaverse to have a similarly transformative effect on hybrid working. It will enable better collaboration for people working all over the world, reducing the need to commute and allowing greater flexibility in people’s day to day working schedules.”

 

 

 

 

Amelia Brand
Amelia Brand

Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.