Remote working trend: Study finds companies are better able to attract talent when they implement remote working

News from this website on August 9th. A recent study jointly conducted by software company Scoop Technologies and data technology company People Data Labs showed that companies that provide hybrid or remote working models are more effective than those companies that require employees to come to work full-time. It’s easier to attract talent and staff can grow faster. In fact, as long as providing the opportunity to work remotely one day a week can significantly improve recruitment efficiency.

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This analysis, based on a study of data from more than 4,500 companies, found that Flexible companies (which do not require employees to come to the office) will see employee growth of 5.6% between May 2022 and May 2023. Among them, fully remote companies (no offices) had a higher employee growth rate of 6.9%, both of which were more than double those of companies requiring employees to be in the office full time (employee growth of 2.6%).

Additionally, the study found that companies with a structured hybrid model (requiring employees to be in the office on a certain number of days) experienced employee growth of 4.1%. Further analysis showed that there were no significant differences in hiring between companies that required employees to be in the office one day and three days a week. Specifically, during the same period, the former's employee growth rate was 4.8%, while the latter's was 4.4%

However, some large companies are pushing employees back to the office, which has attracted the attention of this site. JPMorgan Chase requires half of its employees to come to the office five days a week, Goldman Sachs has made the same request, while Google and Apple require employees to come to the office at least three days a week. Managers at these companies believe that working in the office allows employees to collaborate more effectively and be trained, and it is easier to build trust and connections, according to a survey led by Nicholas Bloom, an economics professor at Stanford University. , flexible work arrangements have become an important factor in attracting talents in a tight labor market, and employees believe that this flexibility is equivalent to receiving an 8% salary increase

The report points out that if the company requires employees to work at home every week Working in an office for four days or more can have a negative impact on recruiting talent. Company executives should therefore carefully consider the potential impact of office working on attracting talent

Among mid-sized companies with 500 to 5,000 employees, these findings suggest that companies with a hybrid model of fully flexible and structured models performed better at 12 months Companies in Nebbi have more than doubled their staff on a full-time basis. In the past three months, mid-sized structured hybrid companies have more than tripled their headcount compared to full-time companies.

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