New research from LinkedIn reveals that the number of remote job adverts has declined in the UK for the fifth month in a row. Employers are reportedly attempting to bring workers back into the office after remote working spiked during the COVID-19 pandemic, citing concerns around productivity and a need to respond to economic uncertainty. However, rolling back flexible working practices is no guaranteed solution for delivering the lift in productivity the economy needs.
Three-quarters of executives responding to LinkedIn’s survey say they plan to reduce flexible working within their organisation. But for many older workers, the ability to work flexibly is of critical importance when looking for employment. An ONS survey of 50-70 year olds who left the workforce during the COVID-19 pandemic and were considering a return to work found that the possibility of working from home is the second most important factor in choosing a new job. The most frequent answer was flexible working hours. For many, it is not just a preference but essential for balancing work with caring responsibilities or health conditions.
Flexibility is an essential component of job design if we want to secure the most diverse and productive work force possible. The UK labour market is an ageing one. The country has seen record-breaking levels of job vacancies outstripping available workers who can fill them. A growing number of older workers are disengaging from the workplace. The latest ONS data shows that over 330,000 more workers aged 50-64 years old are now economically inactive than before the first outbreak of COVID-19.
The seismic shift in work practices during the COVID-19 pandemic could prove essential in responding to the challenges and opportunities of today’s labour market. The rapid growth in flexible working practices, which are inclusive and attractive to many workers and employers, could help many older people to remain in the workforce.
Data from LinkedIn indicates flexible and remote working remains popular with employees. The company found that remote jobs comprise 12% of job ads but attract 20% of applicants. In its recent Global Talent Trends Report, LinkedIn found that workers now prioritise being able to work flexibly over salary and bonuses.
Flexible working might not be right for every employee or for every role. But the OECD estimates up to 40% of jobs in the economy could be fulfilled flexibly. This should be viewed as an opportunity to attract more workers rather than an obstacle to be overcome.