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A three-year analysis, co-led by Boston Consulting Group, found that sales at ‘fully-flexible’ employers grew at a much faster rate than those that didn’t embrace remote work.
According to a new report, companies with flexible remote work policies outperform firms with more restrictive policies when it comes to revenue growth rates.
Companies that allow remote work have revenue growth that’s four times faster than those more stringent about office attendance. Read on.
The analysis of 554 public companies that employ a collective 26.7 million people found that "fully flexible" firms which are either completely remote or allow employees to choose when they come to an office increased sales 21% between 2020 and 2022, on an industry-adjusted basis.
The success could be due to companies' ability to hire quicker and from a wider geographic area.