And companies and employees everywhere rejoiced.
Today we are very proud to announce the 2017 State of Remote Work report with the support of our great friends at TINYPulse. Our goal was to share remote work’s impact on employee success and retention as well as manager-employee relationships.
One of the most striking finding was that companies that allow remote work experience 25% lower employee turnover than companies that don’t. This is great news -- we now have evidence that if a company leans into their employees' interest for more flexibility, it will also be extremely beneficial for the company. What's better than that?
The report also showed that 52% of employees work remotely at least once per week. Among employees who don’t work remotely today, 65% said they would like to work outside of the office at least once a month.
Of the employees who didn’t express the desire to work remotely, 57% said the nature of their job wouldn't allow it. Hold the phone. That signals that there's a substantial group of people who might like to work remotely and are simply limited by the nature of their job.
Even basic changes to these individuals' roles and responsibilities would allow for some flexibility, and could lead to an increase in employee retention. The report shows that 51% of employees who work remotely today do so to improve their work/life balance.
Another key finding was that fully-distributed companies, meaning fully remote, can hire 33% faster than other companies. And while it's not realistic for companies to knock down their walls and go all-remote, it does indicate that by removing geographical limitations, a company can more effectively expand its candidate pool. Expand some of your positions to be remote, and you may find individuals with the most applicable skills and experience faster.
The report covers these topics and much more, really telling a story about remote workers and the opportunities companies have to expand flexible work and better support them. Here are some of our other favorite findings:
We're really proud of our State of Remote Work 2017 report. Please feel free to download it, share it with a friend, blog about it, talk about it at dinner.
The more we drive conversation around remote work, the more progress we will make in building support for remote and flexible work emplpyees and their opportunities.
Request a Demo to see the Meeting Owl live in action.