It turns out that businesses that insist on a return to office are finding recruiting quite difficult.
Hoocoodanode?
Two years into the return-to-office battle, and it’s becoming apparent that its staunchest supporters are facing headwinds.
Employers following in the footsteps of Goldman Sachs and JPMorgan by mandating a full-time office return may be inadvertently making themselves unattractive to job seekers, new research shows.
According to an analysis of more than 4,500 companies by Scoop, a software firm that tracks workplace policies, and People Data Labs, a data technology company, companies with remote or hybrid policies appear to be hiring people at about twice the rate of those requiring full-time attendance.
The research, or The Flex Index July 2023 Job Growth Report, maintains that some form of flexible work is the only way forward for workplaces that want to keep a competitive edge in the current tight labor market.
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Over the past three months, Scoop Technologies’ analysis found that “fully flexible” companies—ones where all employees work remotely or have complete autonomy over whether they go into the office—grew headcount by 1.9% on average. Meanwhile, those with “structured hybrid” work policies grew by 1.5%. In comparison, employers that were fully in-office grew their headcount by just 0.8%.
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Over the past 12 months, fully flexible companies grew headcount by 5.6%, which dropped slightly to 4.1% for hybrid companies. Meanwhile, full-time in-office companies grew by 2.6%—less than half the rate of flexible firms.
Workers are voting with their feet.
It does not matter to a lot of managers, because workers in the office validate their professional existence.
There are a lot of Bill Lumberghs out there.
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