Companies That Don't Offer Hybrid Working Become Less Competitive in Job Market

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Hybrid Work,Job Market,Remote Work

A new study reveals that companies failing to offer hybrid work arrangements are struggling to attract and retain talent. Recruiters are reporting a surge in applications from disgruntled employees at firms implementing stricter office attendance policies.

An international study has found that companies that do not offer hybrid working are becoming less competitive in the job market. Recruiters have received a surge in job applications from disgruntled workers at companies that are removing employees’ flexibility over where they work after a period of increased remote working during the Covid pandemic.

Two-thirds of recruiters have seen an increase in applicants looking for new jobs who are working at companies that are mandating five days a week in the office, according to a survey. In addition, three-quarters of recruiters said they had seen candidates turn down new roles that did not offer hybrid working, according to the survey of 500 in-house and agency recruiters, conducted in November for the flexible workspace provider International Workspace Group. Similarly, 72% of surveyed recruiters said companies that do not offer hybrid working are becoming less competitive in the job market. The research comes amid the latest battle between employers and office-based employees over where they carry out their work after the explosion in home working caused by the Covid pandemic. A range of large employers have tightened up their rules on remote working in recent months. Underlining the unpopularity of some of these measures, in one of the more extreme employee reactions, the Guardian revealed last week that staff at the online lender Starling Bank, all hybrid staff, many of whom previously attended for one or two days a week, were told by the boss, Raman Bhatia, to be at their desks for a minimum of 10 days each month, despite not having enough space to accommodate them all. The accountant PwC, and the Spanish-owned bank Santander have also clamped down on remote working. The strictest mandates have been issued by the US technology company Dell, which has ordered all its global sales team members to work permanently in the office

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