Flex Work Number One Priority For Employee Retention says Targus

Targus, the laptop case and mobile computing accessories brand has released the results of its annual 2023 Global Workplace Study, which examines the key factors, tools, and trends that are important for improving employee wellbeing, engagement, and productivity.

Photo: Targus

According to the survey among 1,000 senior business decision makers and 6,000 workers across North America and Europe, the top three wellbeing priorities are: flexible working (47 percent), rewards and recognition (43 percent), and cost of living support (40 percent). 

88 percent of business decision makers globally agree that flexible working positively impacts their staff retention and recruitment, an 11-point increase from 2021. “Since most of us spend more time at work than we do with our family and friends, it’s vital to understand how to make work more purposeful and productive,” says Andrew Corkill, Vice President of Global Marketing and eCommerce at Targus. “Our study helps to answer these questions by exploring themes, such as employee wellbeing, engagement, productivity, as well as the importance of sustainability.” 

Here are some of the study’s key findings:

Flexible and hybrid working remains the norm, with 58 percent of respondents in the U.S. stating that they do not work from an office full time and 51 percent stating that they only work in an office between two and four days per week.

Having the right tools to work from anywhere is extremely important. Specifically, 80 percent of U.S. workers and 82 percent globally believe their job satisfaction and productivity would be negatively impacted without the right tech accessories to do their work. However, many businesses supporting flexible working conditions do not supply their employees with the tech accessories they need to work well remotely, such as a keyboard, mouse, headphones, additional monitor(s), and hub. An annual budget to purchase accessories ranked in the top five ways to enhance wellbeing at work.

Businesses and consumers increasingly prioritize sustainability, with more than 53 percent of global respondents stating that sustainable attributes influence their purchasing considerations for tech accessories. In the U.S., alone, 62 percent of people say they are happy to pay more for sustainable products that last longer, and 72 percent say they buy less fast fashion products and invest in long-lasting products.

Read the full report here