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Businesses IT

Yelp Says Remote-First Policy Boosted Job Apps By 43%, Led To a More Satisfied Workforce (fortune.com) 16

Since implementing a remote-first policy in 2021, Yelp says it's experienced a surge in job applications and a more satisfied workforce. Fortune reports: Last year, the total number of job applicants was 43% higher compared to 2021, according to Yelp's 2024 Remote Work Report released earlier this month. The number of applicants for sales roles skyrocketed by 103%, and prospects for its general and administrative (G&A) positions shot up 52% over the same time period. Those increases fall in line with data that shows a tidal wave of applicants clamoring for remote jobs. "It's rewarding to see both the level of interest and the quality of our applicants," Carmen Amara, chief people officer at Yelp, told Fortune. "Remote work has allowed us to attract a number of candidates who previously would not have applied to Yelp due to their location."

Despite arguments that remote work weakens workers' connections and growth opportunities, Yelp says it has found the opposite to be true. About 90% of the company's more than 4,700 employees say they have found effective ways to collaborate remotely, and 91% say they are confident in upward career mobility while working out of the office. Flexible schedules have also facilitated a healthy work-life balance -- about 89% of the company's workers say they can manage personal and professional demands, and the same amount say that the remote model has allowed them to make positive changes for their wellbeing.

Notably, Yelp's global tenure has increased to 3.5 years in 2023, compared to 2.8 years the year prior. The company says it's using the money it saved from shutting down its underutilized offices in New York City, Chicago, and Washington D.C., to funnel back into employee benefits, professional development, and wellness reimbursements.

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Yelp Says Remote-First Policy Boosted Job Apps By 43%, Led To a More Satisfied Workforce

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  • by Njovich ( 553857 ) on Saturday March 02, 2024 @06:41AM (#64284264)

    Companies that are able to hire in more places and offer flexibility of how people work are going to win. Flexible work places perform markedly higher on both employee satisfaction and performance. If you are a highly sought after worker, everything being equal, would you pick a place that forces you to be in your cage every day, or one that allows you to work at the office or at home as you see fit? Well turns out highly skilled people prefer the latter so much they will take lower pay for it.

    Then we have seen the results come in and Restricted-To-Office (RTO) offices have markedly lower business and productivity performance.

    So not only are they having do settle for lesser employees, and have good employees run off to greener pastures that treat them like humans instead of cage-monkeys, they also are underperforming.

    Companies survive if they adapt to the planet they live in. And companies that stay behind die. Clock is ticking on RTO companies. Once a company realizes that their competitors have zoomed passed them it's usually too late to start moving.

  • Well, I know of someone who lives in sacto and commutes to her job at yelp in sf. Pretty sure she prefers to work at home.

  • The increase in applications for remote jobs that I've observed is much more dramatic than indicated by this article. I'm seeing jobs with 200 applications per day. It's crazy. And these aren't high profile FAANG jobs. I'm talking regular companies with normal salaries.

    I don't think this reflects a sudden glut of IT talent in the market. It's just that people apply for more jobs because, when you're not restricted by geography, why not? Ultimately, there aren't really 2000 people for every job, so it s

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