https://www.fastcompany.com/91008155/the-numbers-are-in-companies-with-flexible-work-policies-are-outperforming-competitors
"The data is compelling. Between 2020 and 2022, fully flexible public companies significantly outperformed their less flexible peers, showing a staggering 16% lead in revenue growth on an industry-adjusted basis.
This trend holds even when you remove tech companies from the equation, with fully flexible firms still leading by an impressive 13%. This isn’t a marginal gain; it’s a substantial advantage that underscores the economic benefits of embracing a flexible work model.
But the success of flexibility in the corporate world isn’t limited to fully flexible companies. Structured hybrid companies, which blend remote and in-office work, have also shown their mettle. They’ve outpaced their fully in-office counterparts in terms of revenue growth, albeit by a smaller margin of 3%. While seemingly modest, this difference is a testament to the effectiveness of a hybrid approach in fostering growth.
The shift towards flexibility is further evidenced by the significant increase in companies offering work location flexibility. As of the end of 2023, 62% of U.S. companies now provide some form of work location flexibility, a notable rise from 51% at the beginning of the year.
Conversely, the proportion of companies insisting on full-time office work has dropped to 38%, down 11 points since the start of 2023. This shift isn’t just a reaction to the pandemic; it’s a conscious move towards a more adaptable and resilient business model.
The most telling indicator of the future trajectory of work location flexibility comes from analyzing newer companies. An overwhelming 93% of companies founded since 2010 offer some degree of work location flexibility. This trend remains strong even outside the tech sector, with 87% of non-tech companies founded since 2010 adopting flexible work arrangements."