Flex Index 9/12/23: Fortune 500 Flex Report!
A closer look at how leading US companies are approaching flexible work
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The Flex Report: Fortune 500 Edition
Fortune 500 companies play an important role in setting tone in the business community. Small companies look to the Fortune 500 as leaders to aspire to be one day, and public companies look to see what the Fortune 500 is doing when evaluating their own business practices. The Fortune 500 has led on numerous topics, whether it be embracing climate stewardship or upskilling workers in the face of AI.
Understanding the future of work is no different. Looking at the Fortune 500 can serve as a crystal ball for organizations looking to get a sense of not only where trends are headed, but which are here to stay.
So, what exactly are Fortune 500 companies doing about flexible work? We look at the flexible work policies of these top global companies and compare their practices with other large private and public companies we track on Flex Index. From that analysis, we can start to project what work location flexibility will look like in the future for large companies.
Want a sneak peek of what’s in the report? Here’s a little preview 👇
Public Companies Lead on Flex
Large public companies (1,000+ employees) are significantly more flexible than their private counterparts. 50% of private companies require employees to work Full Time In Office versus 25% for public companies, while just 18% of Fortune 500 companies require Full Time In Office work for their corporate employees.
The Public-Private Gap by Industry
Public companies are more flexible in every industry we track. The extent of the difference varies significantly by industry, with Healthcare, Retail & Apparel, and Consumer Goods seeing the biggest flexibility difference between public and private companies.
The Fortune (Flex) 500
Structured Hybrid is the most popular work location flexibility model for Fortune 500 companies. The largest Fortune 500 companies are even more likely to adopt Structured Hybrid compared to their smaller peers.
Flex Index Featured on The Nowhere Office Podcast
The Nowhere Office podcast aims to explore the past, present, and future of work with best-in-class guests from around the world.
In the latest episode, co-hosts Julia Hobsbawm and Stefan Stern chat with Scoop’s CEO & Co-Founder Rob Sadow about the latest Flex Index data on US return to office, why flexibility (like freedom) is so inherently meaningful to Americans, and a range of other hybrid work topics.
Catch the latest episode here or wherever you listen to podcasts.
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Your invaluable insights, spanning from implementation to success metrics, will have a profound impact on our audience and the future of work community. We’ll promote each piece of content to our audience of 5,000+ HR and Real Estate executives across our Flex Index newsletter, social channels, and blog.
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In the Media
Fortune: The attention-grabbing proclamations obscure what’s happening in many workplaces. In fact, the largest companies have embraced hybrid work.
Financial Times: Even as some employers take a more aggressive approach to force staff back to the office, the latest data shows the picture of working patterns is more nuanced.
Virginia Business: With some employees already adjusted to a newfound work-life balance and employers confronted by a tight labor force, hybrid work has become less of a compromise and more of a minimum expectation.
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About Scoop
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.