Companies That Don`t Mandate Office Attendance Grow Revenue Faster, Study Finds

Revenue at companies with flexible work-from-home policies grew four times faster than those with in-person requirements, according to a new study by Scoop Technologies and Boston Consulting Group.

The findings, from a survey that analyzed 556 public companies that employ a collective 26.5 million people across 20 sectors, represent a significant blow for proponents — and owners — of office space.

Firms that allow their employees to either work entirely from home or pick the days they come in increased sales 21% between 2020 and 2022, per the survey, first reported by Bloomberg. Companies with hybrid or full-time office policies saw revenue growth of just 5%.

Among the companies that do require office work, those that allowed just a few days in-person saw sales go up at twice the rate of those that demanded workers come into the office full-time...

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RSK: To me it is totally the type of work your employees perform. If you are on a computer all day or taking calls and inquiries, sure work from home. But if you are in product development, customer direct contact and a team situation, you will need to come to the office to be physically present with colleagues to grow.