In 2019, the case for flexible work is clear, and companies are scrambling to keep up with employee demand for it. Many companies have already implemented more flexible working practices: More than a quarter of companies surveyed in a recent study offered the option of full-time telecommuting, while over two-thirds of them allowed it as needed; about 57% of companies even encouraged employees to set their own hours within core business hours. Still, in a survey of more than 6,500 business leaders, only 30% said they were well prepared to accommodate employee’s expectations of flexible work and the ability to work remotely.
The strongest argument for flexible work arrangements may be an economic one, according to a new study by the Centre for Economics and Business Research and software company Citrix.
The report authors surveyed more than 2,500 people and found that implementing flexible work practices more widely would most notably impact people who are unemployed or not working for other reasons. If that group were to have the option of remote work, it could result in more than $2 trillion in total economic gains annually.