The pandemic has rapidly shifted the working culture. In 2020 the number of remote workers increased by 216%. Two years later, 29% of employees globally now work remotely on a permanent basis, with 36% working from home occasionally.
As a result of the switch, the World Economic Forum (WEF) found that workplace productivity scores increased between the years 2020 and 2021. The study concluded that the boost in productivity could be attributed to improving technologies or employees becoming more settled into remote/hybrid working routines.
Furthermore, more recent studies show that employers offering remote/hybrid working experience 15-25% lower staff turnover rate. High employee attrition rates equal higher recruitment expenditure as it costs an average of £3,000 to hire a new employee.. Subsequently, studies of the recruitment industry in 2022 reveal that 30% of roles listed on major UK job sites include remote or hybrid working options.
Attracting the right talent is integral to the success of an organisation. So, to find and retain the best candidates, businesses need to ensure that they do all they can to create a flexible working environment that motivates and uplifts all employees.