Flex Index 6/13/23: The State of Work Location Flexibility in the Tech Industry
New Flex Index report profiling office requirements in tech
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The Flex Report: Tech Industry Deep Dive
While tech companies are often at the forefront of new trends, not all trends have staying power. One trend worth watching is Fully Remote work flexibility. While larger tech companies like Salesforce and Meta made remote work a hallmark of the pandemic era, the tide appears to be shifting.
So what's happening in tech? Is tech on the leading edge of Fully Remote companies becoming the norm, or will tech gradually shift more toward hybrid work as larger companies reevaluate their policies?
In this report, we dive into the current state of work location flexibility in the tech industry. We examine how flexibility is evolving, with a particular emphasis on trends by size of company and where Fully Remote work is most popular. From that analysis, we can start to draw some early conclusions on where tech may be headed and how that might impact Fully Remote adoption in other industries.
Want a sneak peek of what’s in the report? Here’s a little preview 👇
Fully Flexible, but Will It Last?
75% of tech companies are Fully Flexible, meaning they are either Fully Remote or give Employee's Choice on whether to go into the office. That’s higher than any other industry, but a 4% drop from February 2023.
There’s a “Flexibility Divide” Emerging Between Big and Small Tech
Big tech is shifting quickly to Structured Hybrid. 65% of tech companies with 25k+ employees are now Structured Hybrid, up from 44% in Feb 2023. On the other hand, 88% of tech companies under 500 employees are Fully Flexible. Will flexibility become the top selling point in luring top talent away from big tech?
What Happens to Fully Remote Work as Small Tech Gets Bigger?
A whopping 67% of Flex Index tech companies under 100 employees are Fully Remote. That percentage drops quickly as companies get bigger; only 26% of tech companies with 250-500 employees are Fully Remote. 8% of tech companies with 500+ employees are Fully Remote. What happens when the current crop of small startups -- born in the shadow of the pandemic and an abundance of new remote work technology -- grows up?
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Scoop is the fastest way to plan your next great office day. With Scoop, employees get more out of going in, with easily scheduled in-office days and invites. For HR and workplace leaders, Scoop provides insights on work location trends, office usage, and additional workplace solutions to get the most out of hybrid work.