
The Return Of 9-To-5? Companies Are Looking To Cut Flexible And Remote Working Options

The world is experiencing economic uncertainty and jobs are again at high risk. About 68% of businesses believe that they can make more progress by cutting off flexible working options that were created during Covid-19. The current global environment is slowing down progress in various aspects of working life.
A study polled over 2900 executive managers from big companies across the U.K., U.S., UAE, Germany, Australia, and others from September 27 to October 19. Around 75% of business leaders are worried that this economic scenario will drastically affect employee well-being. 74% of business leaders are concerned that the global recession will affect the skills and development of their employees. 68% of business leaders say that this will affect flexible work arrangements offered by them.

Alexander/Pexels | Companies are looking forward to calling their employees back for in-house jobs
Ali Matar, head of LinkedIn MENA and venture markets, says that they have noted a change in the last couple of years that development, working, and learning have become vital elements in ensuring business growth. He also added that employers will have to make difficult decisions, but it is crucial to remember that employees are a company’s valuable asset. It is also important to protect the employee’s well-being to get through this time. Employers that invest in their employees are the ones who benefit the most in the long run.

Nataliya/Pexels | The economic certainty will push business leaders to make difficult decisions.
Companies have now started focusing on employee work-life balance, well-being, and learning in the present era. As the pandemic started in 2020, employers allowed their employees to work from home at least two days a week as per their request. Employees also requested training opportunities and flexible working hours. Bayt.com found that work-life balance is a key preference for most employees. Due to this reason, more than half of the employees in the Mena region considered leaving their present jobs in search of work-life balance.
Economic Conditions And Their Affect On UAE Workforce
Despite the economic conditions, 77% of business leaders in the UAE feel that flexible work conditions will prevail for the coming five years. On the other hand, more than three-quarters of the leaders surveyed felt that the economic uncertainty would push back the flexibility given to workers. Leaders are now trying to bring employees back to the office.
44% of executives in UAE said they plan to reduce flexible and remote working rules for their employees. The economic hit is also causing 29% of employers in the UAE to reduce investments and financial support toward employee development programs.

Faucets/Pexels | Some companies are offering commuting expenses to cover the decision to cut back on remote work.
These difficult decisions are taking a toll on employers, as many admit they feel guilty over these decisions. According to a survey, almost 36% of business leaders have experienced the imposter syndrome as they see their employees get affected. As a solution, employers in UAE are giving incentives to employees in the form of subsidized commuting costs and direct financial well-being assistance.
Employees who will move to an in-house position will likely stay longer in their organization. Meanwhile, soft problem-solving skills such as communication and strategy are gaining global popularity.
More in Business
-
`
The Impact of Gen Z on the Modern Workplace
Gen Z, born between the mid-1990s and early 2010s, is beginning to enter the workforce in significant numbers. As the youngest...
July 14, 2023 -
`
The Dangers of Social Media Addiction
Social media addiction has become a pervasive issue in America, with millions of individuals spending excessive time and energy on platforms...
July 10, 2023 -
`
Shaq O’Neal’s Shocking Tactics to Escape Cryptocurrency Lawsuit
Shaquille O’Neal is a household name in basketball history, having been among the greatest athletes ever to grace the court. However,...
June 28, 2023 -
`
How to Land Your Dream Job
Are you tired of working in jobs that don’t fulfill you? Maybe it’s time to start pursuing your dream job. But...
June 21, 2023 -
`
Smart Investments on a Small Budget
Investing is often considered a luxury reserved for those with substantial financial resources. However, the truth is that smart investments can...
June 15, 2023 -
`
Silicon Valley Bank Collapse: How It Happened
Silicon Valley Bank (SVB) has been a leading financial institution for entrepreneurs and technology companies for years. Its specialized services and...
June 7, 2023 -
`
Selling on Amazon Like a Boss in 2023
If you’re considering selling on Amazon, you’re not alone. The e-commerce giant has over 310 million active customers, and third-party sellers...
June 3, 2023 -
`
P. Diddy Paying Sting Millions for Sampling His “Every Breath You Take”
When Sean “Diddy” Combs released his 1997 hit song “I’ll Be Missing You,” it was an instant success. The song caught...
May 22, 2023 -
`
Best Money-Savings Apps Out There!
In the era of smartphones, saving money has never been easier, thanks to the multitude of money-saving apps available in the...
May 9, 2023
You must be logged in to post a comment Login