Fully Remote Work may negatively influence negatively Turnover rates and Time-to-hire!
By | Nicolas BEHBAHANI | Global People Analytics Leader @ TechnipFMC with HR KPIs expertise
π‘ Fully remote companies have had an average turnover rate that is nearly 10 percentage points higherthan companies in all other attendance categories in 2023.
π In my previous posts, researchers already predicted π ππ₯πππ« π¬ππππ’π₯π’π³πππ’π¨π§ π¨π ππ‘π ππ²ππ«π’π π¦π¨πππ₯ π’π§ ππ‘π π§ππ±π π ππ¨ ππ π²πππ«π¬ in this research and also they found a ππ₯πππ« ππ¨π«π«ππ₯πππ’π¨π§ ππππ°πππ§ ππ§πππ’π₯π’ππ² ππ¨ π°π¨π«π€ π«ππ¦π¨πππ₯π² ππ§π ππ¦π©π₯π¨π²ππ ππππ«π’ππ’π¨π§ in this research.
π The more research advances, the more researchers discover the precise long-term impacts of remote working on talent but also on business – For the moment, the best working model on time-to-hire as well as turnover seems to be hybrid model.
π 95% of organizations have a policy that includes expectations for some in-office employee attendance and expect people to work at the office 2-4 days per week.
π» Tech companies remain the most likely to have remote-centric attendance policies, while companies in financial and professional services, life sciences and law lean more office-centric.
The effect of attendance policies on talent retention and attraction is very interesting, according to a new interesting researchpublished byCBREentitled “U.S. Office Attendance Policy Trends Q3 2023” using data from 278 US companies representing a cross-section of sizes, geographic footprints and industry sectors.