Although 39 percent of executives overall said that remote or hybrid work had a positive impact on their business, 55 percent of middle market executives had that opinion. RSM defines middle market organizations as having annual revenue of $50 million to $1 billion. The overall response was pulled down by executives at small firms—with $20 million to $50 million in revenue. Only 28 percent of those said remote work had a positive impact on culture
RSM also surveyed more than 4000 workers in the United States and Canada in the fall of 2022.
In addition, the survey found 62 percent of U.S. middle-market employees desire flexibility in setting their own hours and schedule, compared to 56 percent of employees at larger organizations.
Despite that reported employee desire for flexibility, middle=market executives report a high degree of feelings of isolation among those workers. Seventy-three percent of those executives reported worker feelings of isolation, compared to 68 percent a year ago
Also, remote work is having a significant impact the need for physical space. Only a quarter of middle-market firms plan to expand their physical footprint somewhat or significantly over the next two years. Thirty-five percent of larger firms have such plans.
But despite the economic slowdown, the outlook for hiring is good with 51 percent of those surveyed saying their hiring needs for the next year will be moderately to significantly higher.