In a tight labour market, skilled workers will remain wary of employers who don’t offer the flexibility to work from home, says Sarah Green Carmichael for Bloomberg Opinion.
. “Companies with one-day-a-week rules expanded staff by almost 5 per cent over the past year,” the report reads, “compared with 2.6 per cent at five-days-a-week businesses.”Of course, there are caveats - perhaps Scoop, which consults on hybrid staffing, has a vested interest in sharing these numbers. Perhaps a firm that is fully in-office is a different type of company - a slower-growing, more traditional one, with fewer reasons to add headcount.
First, there’s what a five-day-a-week mandate says about a company’s culture. It sends a powerful signal, and not a positive one. Moreover, they’re worried about their ability to hire down the line: Who will they be able to recruit if they must limit their search to people in the immediate area who are willing to commute five days a week? As I heard from one professional in the energy industry, the most highly qualified people typically have other options - and they are choosing hybrid roles.
Just how handsomely? Recently, several mid-career men I know were discussing whether they would ever take a job that required them to go back to the office five days a week. These are skilled professionals; they’ve been to graduate school and work in fields like technology and finance where the labour pool is often tight.
Yes, they want to maintain some semblance of work-life balance. All are fathers and enjoy spending time with their kids.And they fear that spending five days a week commuting to an office would gobble up the rare moments they manage to carve out for exercise.
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