August 2023
The war for talent is in fact a strategic business challenge. Full time (FT) in-office companies are having a more challenging time attracting top talent compared to their more flexible peers.
The Secret?
- Flexibility: Flexibility attracts and retains talent. A recent study of more than 4500 companies that employee 10M+ people revealed that firms embracing hybrid / fully remote setups grow their headcount over 2x faster vs. FT in-office firms. Companies offering flexible work options see a 30% increase in retention and a 21% uptick in job applications.
- Days in Office Matters: Statistics show a clear correlation – fewer in-office days mean faster headcount growth.
- Finding Balance: While flexibility attracts talent, striking the right balance is vital. Microsoft research underscores the need for structured hybrid setups, promoting creativity and collaboration.
- Unlock Potential: As the talent market remains fierce, adopting flexible policies is becoming a strategic advantage, attracting top talent and spurring growth. Flexible policies hold a hiring edge. Talent is the treasure and fuels innovation; nurture it wisely.
Empowering employees, fostering innovation and leading with empathy can create a culture that attracts top talent and keeps everyone walking together on the same path to success.
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