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Mid-Market Positive on Remote Work

Thumbs up A majority of middle market executives surveyed had a positive view of remote work, according to the most recently released RSM US Middle Market Business Index. The surveyed was released this month.



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.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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