Flexibility in work is an expectation, not an exception, for most employees
An integral part of preparing for every #NextAtWork is recognizing what’s driving the change. Our research has shown that remote work is here to stay, but by employee preference and not because of corporate cost-cutting.
Almost two-thirds of senior executives spend their time working flexibly or away from their main office.
Another key driver to this transition is the need to hire strong talent. Our data shows that 41% of companies plan to increase remote working hires in the next two years, compared to 37% who did at the start of the pandemic in 2020.
And as these companies continue to increase coworking and invest in hybrid office spaces, they’re most likely to improve staff retention, and in turn, improve their revenue.
Initially, employees saw remote working as a one-way road to lower pay and stagnant career paths. It was also viewed as a crude cost-cutting measure. However, our findings point to the opposite direction.
65% of executives said that skill attraction and retention are the biggest motivators while hiring remote workers.
Today, remote working needs to be seen as a growth tool rather than a savings tool. Our research shows that companies with increased retention in the two years leading up to 2022 were almost a fifth more likely to have grown revenue and profits than those that witnessed retention decrease.
The 20th century office model is coming to an end. #NextAtWork is the era of hybrid working models. To adapt:
Build flexibility into your company culture and infrastructure so your employees and the organization can reap the benefits of a hybrid/remote work environment
Make an active effort to include remote workers into your hiring process as our data shows that it can positively impact revenue and profitability
