No productivity slump
A recent report by Scoop in partnership with Boston Consulting Group, cited by Forbes, summarises the results of a survey of firms' revenue in relation to their remote work policies. The survey revealed that over the last three years, companies which left the choice of commuting to the office or working from home entirely up to employees have outperformed companies with a ban on remote working by a full 16 % in revenue growth.
Question of causality
The survey also points out that the results do not prove the causality of the two phenomena. In other words, it is not certain that working from home is the only or even the main reason for the better performance of the given companies. However, the data clearly show that companies with a flexible approach to work, an open approach to innovation and a company culture fostering mutual trust and autonomy among workers generally perform better than firms that are more strict and conservative towards their workers.
Hybrid model is the favourite set-up
The data cited in the survey also shows that 27% of UK publicly traded companies have a completely flexible policy when it comes to working from home. More than half of the companies (55% to be precise) offer what is known as a hybrid model, where workers can work partly from home and partly from the office. For 17% of firms, workers have to commute 100% to the office.
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