Companies With Flex Work Policies See Higher Revenue Growth, The Future Of Work 50 And Pre-Recorded Interviews

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Employees may have another argument for working remotely: higher revenue growth for companies. Data from hybrid work management startup Scoop found that the average public company that gives employees choice over whether to come into an office also outperformed on revenue growth over the past three years by 16 percentage points, compared to companies with more restrictive policies. Add that to the growing list of reasons to have a flexible remote work policy.

And as always, read on for more workplace news and career advice. Have a great week!

WORK SMARTER

Practical insights and advice from Forbes contributors to help you succeed in your job, accelerate your career and lead smarter

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FEATURED STORY

The Future Of Work 50 2023

Through a tumultuous year in the workplace, there are still thought leaders who are pushing companies forward. Last week, we published our annual Future Of Work 50. The list highlights 50 leaders, executives, thinkers and teams rethinking the world of work at a time when everything—from the job market’s future to AI’s impact to a college degree’s value—feels more uncertain than ever. From Microsoft’s chief accessibility officer to Taylor Swift (yes, you read that right), the list is rather eclectic on purpose. Check it out here.

TOUCH BASE

News from the world of work

Is the future of hiring pre-recorded videos?: Hiring processes are transforming, and automation is on the rise. You may have had a job application ask you to answer async video interview questions. Contributor Rachel Wells explains what this means for your job search and shares advice on how to stand out.

Uber and Lyft agree to pay NY drivers $328M after wage-theft allegations: Uber and Lyft have agreed to pay New York drivers a more than $300 million settlement and increase drivers’ benefits after an investigation into the ride-sharing apps found they withheld wages and benefits from drivers, New York Attorney General Letitia James’ office said.

Middle managers: Good bosses are getting less help than ever. Assistant Managing Editor Diane Brady spoke with Bill Schaninger, an author, consultant and senior partner emeritus at McKinsey & Co., about the perils of cutting middle management.

AI is “redefining” sales and service jobs: Salesforce AI CEO Clara Shih spoke on how AI copilots are “redefining” the jobs of thousands of customer service and sales representatives. “I think every time there’s a disruptive new technology, there are some jobs that end up getting eliminated,” the Future Of Work 50 lister told Forbes, adding that upskilling and embracing AI will be key to stay in the game.

Companies with flexible remote work policies outperform on revenue growth: That’s according to a new report released by hybrid work management startup Scoop.

CHECKLIST

Add these books and videos to your to-do list

Tiffany Aliche, “Budgetnista,” is known for her book, Get Good With Money. In this video, the finance media personality breaks down the shame surrounding money and shares her tips for budgeting.

NUMBER TO NOTE

37%

That’s the percentage of workers in a Monster poll who reported changing their view of a colleague based on their political beliefs.

In the old days, the workplace felt immune, protected by a well-accepted list of things you simply don’t talk about at work: politics, religion and sex. Today, in an increasingly divided world, people’s beliefs are no longer under wraps, writes contributor Ann Kowal Smith, who shares advice on how to talk to your co-workers when the world is angry and divided.

QUIZ

New legislative measures will restrict employers from taking adverse actions against job applicants based on their off-duty use of cannabis or on the results of pre-employment drug tests that find non-psychoactive cannabis metabolites. As a result, employers in two states must revise their drug testing practices by the new year and may consider adopting oral fluid screening. Which are the two states that passed these new laws?