While the tech industry ranks ahead of other industries in some flexibility metrics, many top companies still aren't incorporating flexibility into their company culture and employer brand. As a result, these companies aren't realizing the full potential of flex—the gains in talent attraction and retention, the boost to employee morale, the bump to productivity and output, and the improvements to the bottom line.
Our research shows that 96% of employees in the U.S. workforce need some type of flexibility, but as you’ll see in our new Tech Industry Benchmark Report, less than 30% of tech companies document their flexibility policies—meaning employees may have a sense of the flex policies available but have no idea how to access them. Even fewer companies—just 17%—actively market their flexibility to job seekers, despite flex being one of the top search criteria for tech employees. Even more surprisingly, 87% of companies don't see consistent support for flexibility from management.
We dissect these statistics in the Tech Industry Benchmark Report, and we also discuss the unique flex types that employees in tech need the most, the demographic groups most affected by any flexibility gaps, and the resulting business consequences. Plus, you can see how one Bay Area tech company revolutionized their flexibility—making their flex policies both structured and visible—and enjoyed a quantifiable improvement to their talent acquisition as a result.
Download the Tech Industry Benchmark Report here to learn more!