Letting people work from home is good for companies’ revenue growth

The analysis of 554 public companies that employ a collective 26.7 million people found that “fully flexible” firms – which are either completely remote or allow employees to choose when they come to an office – increased sales 21% between 2020 and 2022, on an industry-adjusted basis. — Photo by Sincerely Media on Unsplash

Companies that allow remote work have experienced revenue growth that’s four times faster than those that are more stringent about office attendance, a new survey shows, adding fuel to the debate over productivity and performance in today’s workplaces.

The analysis of 554 public companies that employ a collective 26.7 million people found that “fully flexible” firms – which are either completely remote or allow employees to choose when they come to an office – increased sales 21% between 2020 and 2022, on an industry-adjusted basis. That compares with 5% growth for companies with hybrid or fully onsite workforces.