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Fincredible MacroTalk: Remote Work
Remote work is likely here to stay. Employees are demanding it and, in the midst of the great resignation, many companies are seeing the necessity to offer remote or hybrid work arrangements to attract and retain talent. The latest Fincredible MacroTalk offers several quotes from company earnings calls on the benefits and challenges of remote work.
Talent attraction and retention is one of THE biggest benefits of remote work for many companies:
- $OSTK "The ability to offer remote work has improved our attraction and retention efforts, both of which are important during the nationwide great resignation. Our workforce continues to be engaged and productive working from home.”
- $DBX "Virtual First has been really positive for us. I mean, last year, we saw a 126% increase in offer accepts. That's nearly double the number -- and then also nearly double the number of candidates for op enroll and even an uptick in what we call boomerang candidates, like folks that might leave the company and then come back within a year. So we're finding that from a hiring perspective, it's really resonating and unlocking new pools of talent. And I think more broadly, what you're seeing is that employees once they have the flexibility or when companies like ours offer this flexibility, they then -- employees demand it."
And companies like $UPST have shown that you can run a successful business remotely:
- $UPST "I'd like to note that the Upstart team accomplished all of this during the second year of a global pandemic, while operating in an almost entirely remote and distributed fashion."
Not all jobs can be performed remotely at the moment, but over time, the trend is clear: more employees will migrate to remote or hybrid work.
If you'd like to read the whole post for free, here's the link:
fincredibletranscripts.substack.com
Fincredible MacroTalk March 2nd: Remote Work
Comments on remote work from $UPWK $IT $OTSK $FVRR $DBX $ZIP $UPST $PANW
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