Companies that adopt teleworking grow 2 times faster, says new study

Many organizations that have decided to put an end to teleworking and force their employees to return to offices five days a week are facing a growing problem: greater difficulty in filling vacancies. Furthermore, a new study confirms that companies that adopt teleworking tend to grow faster.

Returning to in-person work has undesirable effects
Large companies, such as Amazon, Dell, the consultancy PwC or the largest bank in the United States, have recently tightened their return to the workplace policies, but the strategy appears to have unwanted side effects.
According to a analysis and Revelio Labsa company specialized in data on the labor market, organizations that do not offer hybrid or remote work modalities are growing more slowly than those that opt ​​for greater flexibility.

Companies that allow remote or flexible work are able to grow faster.

Says Loujaina Abdelwahed, economist at Revelio Labs, in statements to The Washington Post.
The data collected indicates that, between June 2022 and mid-2023, companies that published hybrid or remote job offers recorded an average growth rate of 0.6%. On the other hand, those that only offered vacancies for in-person work remained at 0.3%. This difference shows that the lack of labor flexibility makes it difficult to fill vacancies and, by extension, the company’s growth.

Several studies demonstrate the importance of teleworking
Other studyconducted by researchers from the universities of Pittsburgh, Hong Kong and Baylor, reinforces the negative impacts of mandatory return to office policies. The analysis, focused on companies in the S&P 500 index, revealed that these policies increase employee turnover, especially the most qualified.
As return-to-office mandates intensify, many employees are choosing to leave, looking for companies that continue to allow hybrid or fully remote work.

Our study shows that return-to-office mandates can lead to a significant talent drain, even at large international companies.

Explain the authors of the research.
Work flexibility has become a fundamental criterion for workers when evaluating a job offer. Data of the "2024 Personio Human Resources Study", which surveyed 10,555 employees and human resources managers, indicate that 51% of respondents prioritize work-life balance.
Furthermore, 44% of respondents admit that they are willing to change jobs in the next year.
And more... According to one inquiry carried out by BambooHRsome companies expect their most valuable employees to resign due to the imposition of inflexible policies, thus avoiding compensation costs and indirectly reducing teams.

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