Eight in 10 (81 per cent) white-collar workers cite hybrid work as a top factor when looking for a new job, ranked alongside higher pension contributions (90 per cent), bonuses/profit sharing (85 per cent) and unlimited vacation and holiday allowances (76 per cent), according to a new survey by IWG.

The survey, which polled 1,000 Canadian employees, found 45 per cent of respondents would consider changing jobs if asked to return to the office five days per week. Two-thirds (67 per cent) stated a preference for a workplace within 15 minutes of their home.

Read: 45% of remote, hybrid workers seeing improvement in performance: survey

A majority (84 per cent) said their work-life balance has improved due to hybrid work, while 80 per cent noted improvements in their mental health and 74 per cent noted improved job performance.

“Employers that don’t offer hybrid working are going to miss out on the best talent,” said Wayne Berger, chief executive officer of the Americas at IWG, in a press release. “Not only do employees benefit from dramatically improved work-life balance, but by switching to a hybrid model, businesses can expect to save an average of more than $13,000 per employee — all while minimizing their carbon footprint.”

Read: Remote, hybrid work creating schism among employees