Penultimate People Consulting’s Post

Remote and hybrid work arrangements are proving to be more effective for employee retention, according to the Reimagined Workplace 2023 Survey by The Conference Board. The study found that employers with mandated on-site policies struggled more with retaining workers than those that did not. The survey of 185 human capital leaders revealed that 71% of respondents from companies with mandatory return to office policies found retaining workers difficult, compared to only 46% of firms that offered employees a choice. The study also found that voluntary turnover among fully on-site workers increased by 26% over the last six months, twice the rate of increase among fully remote workers. https://lnkd.in/gddag9VA As reported by @Paul Mulholland in PLANSPONSOR #employeeretention #emplyeebenefits #employeewellbeing

I heard this report on NPR's Marketplace last night. It's not surprising to me at all. While there are companies, and functions, that require on-site workers, my personal experience has been that allowing hybrid or remote work boosts morale and contributes to employee work-life-balance, which translates to happy workers who wish to contribute to the company's bottomline while doing so. Great talent is easier to find as well. #companies #employees #hr #hybridwork #remotework #revenue #talent #workers

In these fast-changing times, employers need to adopt a new outlook when it comes to retaining employees. My amazing team at FIT HR has written a blog to help you better understand modern strategies for retaining your best workers! Check it out down below ⬇️ #FITHR #HRCommunity #FullyIntegratedTeam #CompanyCulture #TalentRetention #EmployeeRetention #Blog

Remote and hybrid work arrangements are more effective for employee retention, according to the @Reimagined Workplace 2023 Survey, published Tuesday by the The Conference Board. The survey of 185 human capital leaders found that employers with mandated on-site policies find it more difficult to retain workers than those that do not. Seventy-one percent of respondents representing companies with mandatory return to the office policies said retaining workers was “difficult” compared to 46% of firms with an employee choice who said the same. “There is some indication that voluntary turnover may be linked to work location,” Conference Board researchers wrote. “[V]oluntary turnover among fully on-site workers has increased 26% in the last six months, twice the rate of increase among fully remote workers, at 13%.” https://lnkd.in/dyDQwdjD #remotework #workfromhome #employeeturnover #employeebenefits

There is a lack of consensus between employers and employees regarding remote working. In a recent survey, over 50% of employers said they didn't think the working mode could boost employee retention. On the other hand, 78% of female workers named remote working and the liberty to choose work schedules as their top work benefits. In addition, over 3 quarters of male and female workers said working remotely made them work more productively. What do you think? Find more here: https://bit.ly/3sBU8o8 #RemoteWorking #EmployeeRetention

The effects of remote work on your bottom line, employee morale and team cohesion is real. How is your leadership handling the ancillary impacts of the new normal in workplace environments? How does HR prioritize comp packages to reflect these desires by potential hires? Important questions to address as we move into 2024. #supplychain #recruiting #flexible #workfromhome #remotework https://lnkd.in/gZG_Q_uT

As we navigate the debate between in-person versus remote work, it's crucial to consider more than just productivity metrics, and a hybrid work option offers an exciting opportunity to tap top talent and build a rich workforce culture. A recent article from Bryan Robinson, Ph.D for Forbes Highlights the importance of hybrid work and how it has led to an increase in inclusivity and strengthened employee recruitment and retention. https://lnkd.in/ey4PHivS #RemoteWork #HybridWord #Workplace #FutureOfWork

Remote resistance ⚔ This HRDirector.net article looks at a new survey revealing the demand for hybrid work models among UK professionals 🧑💼 Interestingly, 51% would forego pay raises for desired flexible working 🏠 But there seems to be a disconnect between employer and employee expectations: despite worker preferences, 60% of British companies are urging staff to increase their in-office presence 🏢 Employers must strike the balance between flexibility and practicality. They need to base working models on hard data around what’s best for their employees’ productivity and wellbeing 🌟 Read more here: https://hubs.li/Q02r2vL70

Have you ever heard of Proximity Bias in the workplace? According to a Checkr survey of 3,500 Americans who work in an office four or more days per week, 74% of in-person employees think working in the office may give them an advantage over their remote colleagues when it comes to promotions. 72% agree or are on the fence that they should be paid more than their remote counterparts. Curious to know how #remote employees feel? Is there a #bias towards #on-site or #hybrid workers? https://lnkd.in/gJWtVrv9

How can employers strike an optimal balance that accommodates the desires of their employees while preserving innovation and productivity? Policies based on flexibility with intentionality will likely prevail as the most effective and popular. This is achieved by addressing workforce needs in a way that also promotes culture, performance and engagement. Doing so positions companies to succeed and stand out as an employer of choice. #wfh #remotework #hybrid https://lnkd.in/eSzuwus5