74% of working parents would look for a new job if they were asked to travel to their office five days a week, new research shows.
The study was carried out by International Workplace Group with over 1,000 parents in hybrid working roles.
It found that 83% felt they were better parents due to the flexibility offered by hybrid working.
Most parents said they feel closer to their children as a result, and think their family's quality of life has improved.
90% of respondents said they no longer miss important milestones and events, including family birthdays and school holidays.
The research shows that on average, parents in hybrid roles now have an additional five hours a week to spend with their families, equivalent to 260 hours a year.
Almost a quarter of parents reported time savings of more than five hours a week.
When it comes to cost savings, the study reveals that on average parents were saving nearly €7,000 a year on childcare.
More than half said that they would struggle to pay for the childcare services required to cover a full five day working week in a central office.
"The ongoing and irreversible shift to hybrid working is having a transformative impact on the lives of millions of people globally," said Mark Dixon, Chief Executive Officer at International Workplace Group.
"This latest research highlights how parents working in the hybrid model are enjoying a significantly improved work/life balance.
"Instead of wasting hours commuting long distances daily, they are now working locally, enjoying more of those important family moments that they were previously missing out on," he added.
Fatima Koning, Group Chief Commercial Officer at International Workplace Group pointed out that parents currently make up 40% of the workforce.
"Organisations that overlook this shift to the hybrid model risk falling behind and will struggle to attract - and retain - the best talent, as the modern workforce continues to demand adaptability," she said.
"Ultimately, employers who embrace this are investing in a happier, more engaged workforce," she added.
