A recent survey by The Conference Board highlights the influence of office presence on career advancement and compensation decisions in the current workforce environment. While remote and hybrid work arrangements offer flexibility, they may affect career progression differently compared to fully in-office roles.
- Career Advancement Disparities Based on Work Location:
- 10% of CHROs intend to increase promotion eligibility for fully in-office workers over fully remote workers.
- Hybrid workers also face potential setbacks, with 9% of CHROs planning higher promotion eligibility for fully in-office roles compared to hybrid roles.
- Compensation Equity Across Work Locations:
- Financially, work location does not penalize employees; few CHROs plan to offer higher salaries, merit increases, or incentive compensation targets based on office presence.
- Only a small percentage (3-4%) intend to offer higher compensation to fully in-office workers compared to remote or hybrid workers.
- CHRO Confidence Index Insights:
- The CHRO Confidence Index for hiring rose to 59 in Q2, reflecting optimism in workforce expansion plans despite fluctuations over the past year.
- Retention expectations improved slightly, with 31% of CHROs foreseeing better retention levels over the next six months.
- Challenges in Engagement Amidst Flexibility:
- Engagement expectations slightly declined, emphasizing ongoing challenges in keeping remote and hybrid employees engaged compared to fully in-office counterparts.
- HR leaders prioritize equitable performance evaluation and development opportunities to maintain workforce engagement and productivity.
The Conference Board survey underscores the complex dynamics between work location, career advancement, and compensation in today’s workforce. While remote and hybrid arrangements offer flexibility, companies must ensure fairness in career progression and compensation policies to retain talent effectively amidst evolving workplace expectations.
