The Benefits of Remote Work: Increased Productivity and Expanded Talent Pools
With no apparent decrease in productivity, many employees have grown accustomed to the benefits of remote work and are hesitant to return to traditional or hybrid work arrangements. However, how does this situation influence talent acquisition and overall productivity?
👋 Hey there! Have you or your friends been enjoying remote work lately? With the COVID-19 pandemic, remote work has become a widespread and significant change in the workplace. Many employees have come to enjoy its benefits and are reluctant to return to traditional or hybrid work arrangements, as they have not experienced any loss of productivity. But how does this impact talent acquisition and productivity? Let's take a look!
💼 Work from Home vs Return to Work Debate
As people are getting back to their normal lives, the debate on whether to return to the office has reached its peak. Some companies, such as Apple and GM, announced return-to-office policies only to reverse them following employee protests. According to a survey by Monster, 40% of workers would consider quitting if they were forced to return to the office even one day a week. The Future Forum reported that non-executive employees are more likely to prefer working fully remotely than their bosses.
📈 Increased Productivity as Evidence
Despite some companies' opinion that workers need to return to the office, studies show that remote workforces are way more productive for business. Remote work provides employees with flexibility and better work-life balance, which in turn boosts productivity. Workers with full schedule flexibility report 29% higher productivity and 53% greater ability to focus than those without such flexibility. Demonstrating the crucial importance of hybrid/remote work arrangements for both productivity and retention, companies that provide remote-friendly options enjoy a 33% reduction in their turnover rate.
🌍 Wider Talent Pool as Opportunity for Companies
It is time for companies of any size to stop prioritizing the office workforce and see remote workforce as an opportunity. Remote work provides companies with the opportunity to tap into a wider pool of talent, including candidates from diverse backgrounds who live in remote or rural areas. A survey showed that remote jobs attract 2.2 times more candidates than non-remote jobs and 2.2 times more women. In September 2022, remote job postings on LinkedIn received 52% of all US applications, despite comprising only 14% of all job posts.
💼 How do Recruiters take it?
In 2023, talent leaders and recruiters are re-evaluating their strategies for distributed work and considering factors such as ideal team makeup, recruitment strategies, interview processes, onboarding procedures, and bias-free candidate evaluation. Adaptable recruiting software and knowledgeable partners can help guide companies through these challenges.
🌐 Cross Path boasts a community of over 500+ international recruiters who consistently deliver excellent results! Check them out here.
