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US Study: Companies With Flexible Work Arrangement Record Higher Revenue Growth Than Fully Onsite Offices

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Flexible Work Arrangement 1
Source: Ivan Samkov l Pexels & Jose Losada l Unsplash

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Due to the pandemic, many of us had to work from home. At first, it was hard to get used to but after a while, the pros and cons became clearer to us and the change started from there.

In a US study conducted by Scoop and the Boston Consulting Group, they look at the latest trends in flexibility in the United States by industry, region, company size, and company age.

Work Arrangement Flexi 1

Two of the key findings in the report state that flexibility is prevalent in younger companies and that revenue growth in fully flexible companies is at a higher rate than in companies that are fully in the office.

“From 2020-2022, the average Fully Flexible public company outperformed their peers by 16 percentage points in revenue growth on an industry-adjusted basis. Even excluding Tech, Fully Flexible public companies outperformed their peers by 13 percentage points.”

Other than that, companies with hybrid working arrangements also recorded better revenue growth than full-time in-office companies.

It is also reported that companies in the United States are moving towards a more flexible work arrangement with fewer days in the office and Scoop believes that in the future, more companies will turn to a hybrid arrangement.

Work Arrangement Flexi 2

Work arrangement in Malaysia has definitely gotten more flexible in these past few years, but there are still many (older) companies out there that are adamant about having their employees in the office for a full 5 days per week.

What is your take on this? Let us know in the comments.

 

Also read: M’sian Who Works in New Zealand Talks About Work-Life Balance & Leniency that We Don’t Have Here

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