08-02-2023
In a July 2023 report, The Flex Report surveyed 4,500+ companies with 30,000 locations and employing millions of people across the globe. The result: Companies with fully flexible positions added jobs at a rate twice that of companies requiring full-time attendance. Hybrid positions fall somewhere in the middle growth-wise, with companies requiring just one to three days in the office growing more than those requiring four or five.
Scoop's CEO, which put out the report, states that companies engaged in expanded hiring are typically also growing in revenue. Atlassian employed 4,907 employees in 2020 when it implemented a "Team Anywhere" policy, allowing employees to decide whether they would work in the office. The company now employs 11,067 employees. CEO Scott Farquhar said its policy allows the company to hire employees beyond the reach of its physical offices and increase diversity because it goes beyond major cities. Atlassian has increased its disabled and veteran, Black, and female workers (the company did lay off 500 people in March). Another company, Veeva, increased its headcount by 71% over a three-year period with its work anywhere policy. The company has noticed an increased interest from prospective employees as other companies change their policies on where to work.
According to Time, another study found that fully remote workers are about 10% less productive than full-time office employees. Notably, similar studies have yet to find hybrid workers to be less productive.