Remote = Higher Productivity + Lower Wage Growth

Remote Working is gaining popularity with smart leaders, and for good reason! According to The Decision Maker Panel survey, remote working leads to higher productivity levels while simultaneously lowering wage growth.

Plus, with employees eager to work from home, firms can also benefit from reduced recruitment and retention costs. This could potentially lead to increased profits for some firms.

The survey, conducted jointly by the Bank of England, Stanford University, King’s College London, and the University of Nottingham, surveys the chief financial officers of around 2,500 UK firms each month.

The Covid-19 pandemic has unleashed a material and persistent change in the working arrangements of firms across the UK.  The DMP survey shows that despite some media coverage to the contrary, firms for the large part see remote work as something that is here to stay.

For more insight into productivity improvements through smart working, join our next Smart Leader Masterclass on 9th May – book here Leadership Workshop: Looking to Leapfrog Productivity? Tickets, Thu 9 May 2024 at 12:30 | Eventbrite