Tidaro’s monthly digest brings you the latest happenings in the ever-evolving world of work. We’ll explore trends in workplace management, get insights into the future of work, and discover what’s shaping employee experience today.
Does Time Control Boost Worker Happiness and Retention? What Studies Reveal.
Survey data from the National Study of the Changing Workforce shows that employees with flexible work schedules are happier and more likely to stay in their jobs. Contrary to the notion that workers are simply avoiding work, the study found that job satisfaction is linked to control over one’s time, not the number of hours worked.
To improve employee well-being and retention, employers should offer flexible work arrangements and open communication about employee needs. While not all jobs can be fully flexible, providing options like remote work, hybrid schedules, and generous leave policies can benefit both employees and companies.
However, the study also emphasizes the importance of finding a balance between flexibility and support, especially for new employees who may require more structure.
The Power of a Hybrid Work Plan (Gallup)
While half of hybrid teams operate without a defined strategy, those with a plan see significant improvements in teamwork and employee satisfaction. Specifically, employees on teams with a hybrid work plan are:
- More than twice as likely to believe their organization’s hybrid policy positively impacts collaboration.
- 66% more engaged in their work.
- Nearly one-third less likely to experience burnout.
Teams with effective hybrid work strategies often incorporate the practices below, all of which contribute to increased employee engagement.
According to Gallup, a significant gap exists in hybrid work training. Only 21% of hybrid employees and 28% of hybrid managers have received training on effective hybrid work practices.
“Live and Work, Anywhere”: How Airbnb’s Remote Work Policy is Redefining the Workplace
Back on April 28, 2022, Airbnb’s co-founder and CEO sent an email to all the employees, announcing a new chapter: living and working anywhere. The news came after 2 years of remote working inside Airbnb. These 2 years proved to be the most productive period in the company’s history.
Since the introduction of the Airbnb program, about 20% of employees have relocated domestically or worked abroad.
Positive employee sentiment is also on the rise.
Airbnb reports a significant drop in employee turnover, reaching near-record lows. Additionally, the “Live and Work Anywhere” policy is proving instrumental in achieving their diversity and inclusion goals, attracting more women and underrepresented minorities to the company.
The Future of Working from Home by Nick Bloom
Here is the latest data about working from home and hybrid work via Stanford’s researcher, Nick Bloom:
- WFH is stabilizing at about 25% of days,
- Globally WFH is highest in North America, UK and Australasia, then Europe, Latin America and South Africa and then Asia,
- WFH particularly high in tech and (to a lesser extent) finance,
- Employees like hybrid about as much as 8% more pay,
- The Donut Effect: almost 1m people have left US big city centers,
- Average US employee lived about 15 miles from work pre pandemic and now lives 27 miles away.
Other Recommended Resources
Myths about workplace culture
Source: People Managing People