Welcome back to another edition of the ComputerPeople Staffing blog! Hybrid and remote work continue to be significant trends in the workplace, shaping how companies operate and how employees work. The early 2020s have been greatly impacted due to the COVID-19 Pandemic, hence changing how we view work and how we get it done. However, as the pandemic is behind us, the hybrid and remote work models have continued to stay, and they are stirring up a lot of of different opinions among employers and employees.
What Does the IT World Think of Hybrid and Remote Work?
The IT world has certainly made a shift to hybrid/remote work, and has adapted to it more than any other industry. According to Statista, over 67% of IT jobs were hybrid/remote in 2023. While this number has remained pretty high, some major tech companies are revising their work from home policies and mandating some type of RTO (return to office) rule. As of January 2024, Google, Amazon, Meta and Apple have implemented some type of RTO rule, usually 3 days a week in the office, Statista mentions. This caused a significant controversy among employees, demanding that some type of hybrid/remote policy stay in place. Their backlash may have proven a point, and as of recently, only 3% of tech firms are now asking their workers to go into the office full-time—a significant drop from 8% last year, according to Yahoo Finance.
Why Do IT Employees Want Hybrid and Remote Work?
The option of hybrid/remote work gives IT employees more of a work/life balance, allowing them to work while being in the comfort of their own home. Not only that, but implementing a hybrid/remote schedule may increase employee engagement, leading to employees happier and less disgruntled. The overall benefits of this work model resonate within IT employees, with some advocating for this model the work model and never going back to the office five days a week.
What Is the Accounting/Finance World’s Take?
The accounting/finance world has had a mixed but evolving perspective on hybrid and remote work. Initially, the finance industry was slower to embrace these models compared to other sectors due to concerns about productivity, security, and maintaining a traditional work culture. 2.7% of full-time employees transitioned to remote work in 2023, with 28.2% adopting a hybrid model, showcasing adaptability and flexible work arrangements, while 59.1% still operate from traditional in-office settings, LinkedIn says. Traditionally, the accounting/finance world has been more conservative toward hybrid/remote compared to the IT world. The number continues to drop, however, with projections indicating that by 2025, 22% of the workforce in accounting and finance will work remotely, according to LinkedIn. With the rise of AI and other automated digital processes, we can possibly see the finance/accounting world adapt more to the hybrid/remote model.
Why Do IT Employees Want Hybrid and Remote Work?
It’s no surprise that accounting/finance employees want more flexible work options. In fact, a staggering 98% of professionals in accounting and finance express a desire to work remotely or in a hybrid model at least part of the time, emphasizing the appeal of flexibility and autonomy, according to LinkedIn. There is no doubt that employees want more flexible work options and a healthy work/life balance. Employers will have to keep an eye on this, as the popularity of hybrid/remote work continues to rise.
In Conclusion
As hybrid and remote work models continue to evolve, they remain at the forefront of workplace trends, significantly impacting both the IT and accounting/finance industries. While the IT sector has largely embraced this flexibility, the accounting/finance world is gradually catching up, driven by employee demand for a better work-life balance and the integration of new technologies. As companies navigate these changes, the key will be finding the right balance between in-office collaboration and remote flexibility, ensuring that both productivity and employee satisfaction are maximized.
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Written by Jeff Weiss
