Demand for remote working is still high, but opportunities are decreasing.
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People who have been used to flexible working could be in for a rude shock.
According to data released by the platform, the amount of remote job postings is falling. The share of postings with remote roles has fallen in the U.S. since April, when they peaked at 20% of postings.
While this is still higher than the pre-pandemic average, it is a stark contrast to what employees want.
He said that flexibility in the workplace is one of the most important priorities for employees after compensation.
In spite of the drop in remote working jobs in the U.S., these postings are still receiving over half of the applications as of September.
In the U.K., remote jobs make up 14.6% of opportunities, but less than 2% of applications, and in India, remote jobs make up 14.3% of opportunities, but less than 2% of applications.
The shift away from remote job opportunities is linked to the current economic situation according to a survey.
Sixty-eight percent of executives said they were concerned that the uncertainty about economic stability and a looming recession would force their companies to reverse some of the progress made towards flexible working during the coronaviruses epidemic.
Business leaders are under intense pressure to manage costs and boost productivity because of the economic uncertainty.
The balance of power is shifting back to employers after the Pandemic.
The survey found that other perks are being hit by the economic turmoil. According to the executives, skills development may have to take a back seat, while employee wellbeing may be less of a priority.
There are close to 3,000 C-level executives at companies with at least 1,000 employees and a minimum annual turnover of at least £250 million who were surveyed by YouGov.
“Flexibility is going to increasingly become a matter of survival for businesses,”
Josh Graff
Managing director for EMEA and LATAM at LinkedIn
There could be serious long-term consequences if companies scale back perks.
If companies wind back progress on remote and flexible working, they will demotivate their workforce and push them to competitors that offer more attractive options. He said that flexibility is going to become a necessity for businesses.
At CNBC's recent Work Summit a wide range of business leaders argued that flexible working is central to recruiting and retaining employees.
Many companies are still reeling from the so-called Great Resignation, and have since been offering a broader range of benefits, with some going as far as adapting a four-day workweek to help recruit and retain employees.
It's important for companies to be Adaptability and Flexibility.
He said that those who see this period as an opportunity are prepared to adapt and explore new ways of working that will surpass competitors in the long term.
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