“After a year of oppression with strict return-to-office mandates, defeated CEOs are now finally beginning to accept that hybrid working is here to stay,” the report said. luck:
KPMG surveyed CEOs of U.S. companies with sales of $500 million or more and found that only one-third expect to fully return to the office within the next three years. did.
This is official. Leaders who believe workers will be back at their desks five days a week in the near future are now in the minority. This is completely different from his stance last year, when 62% of CEOs surveyed predicted that working from home would end by 2026. At the time, 90% of CEOs even admitted they were adamant about bringing staff back to vertical towers. They favored pay increases, promotions, and favorable assignments to those who showed more face.
But now bosses are starting to backtrack. Almost half of CEOs conclude that the future of work is hybrid, up from 34% last year. Additionally, a significant number of CEOs are not only adopting work-from-home Fridays, but are going a step further and eliminating the workday altogether. KPMG found that a third of CEOs are considering the feasibility of a four-day work week at their companies.
The survey found that nearly half of companies that mandated people return to the office have experienced a larger-than-expected attrition of employees, and 29% of businesses that mandated people return to the office are struggling to hire. That perhaps explains why CEOs are now waking up to the fact that the future of work is likely to be a hybrid happy medium, as KPMG data shows…Global Executives Louis Marais, CEO of recruitment agency Bentley Lewis, has already made a U-turn to more flexible job advertising. “We've noticed a distinct increase in job postings that promote remote or hybrid work,” Marais told Fortune. “We haven't worked on a search in the last six months that required candidates to be in the office five days a week globally.”
“Flexibility is increasingly recognized by CEOs as a key factor in attracting and retaining top talent, and this shift signals that hybrid work models are here to stay.”