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News » RTO mandates need flexibility, HireQuest study shows

RTO mandates need flexibility, HireQuest study shows

Remote work may curb Gen Z's CEO aspirations – NYU expert

SOUTH CAROLINA, UNITED STATES — Staffing and talent management firm HireQuest unveiled a comprehensive report that challenges traditional views of workplace productivity and remote work dynamics. 

The whitepaper, “Navigating Remote and Hybrid Work: Impacts on U.S. Companies and the Economy,” reveals a complex landscape in which productivity concerns clash with employee preferences and actual performance metrics.

Productivity paradox

Despite widespread executive skepticism about remote work, with 86% of leaders advocating for a return to the office to boost productivity, the data tells a different story. 

Surprisingly, moving workers from office to home environments can increase productivity by 13%. This finding contradicts the concerns of 85% of managers who doubt their employees’ ability to remain productive while working remotely.

Economic implications

The shift towards remote work has far-reaching consequences beyond individual companies. HireQuest’s report highlights several economic impacts:

  • Decreased foot traffic in downtown areas
  • Lowered local tax revenues
  • Reduced demand for office supplies
  • Diminished revenues from parking fees, public transportation, and commuter taxes
  • Increased demand for suburban housing
  • Stressed suburban infrastructure

“Hybrid structures seem to give everyone what they want. Requirements to spend some time in the office don’t hurt the productivity gained from at-home work. What hybrid work looks like, however, could differ tremendously depending on the organization. It’s important to take it on a case-by-case basis,” says HireQuest CEO Rick Hermanns

He emphasized the importance of tailoring work arrangements to individual organizational needs, suggesting that flexibility could lead to more sustainable productivity gains.

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