Business News

As the world shifts into the next normal, some companies want to transition back to a centralized workforce model. But for most, there’s no going back. A McKinsey & Co. survey found that the majority of global executives plan to rely on both on-site and remote workers. This echoes the results of recent Gartner research: about 99% of HR leaders expect that their companies will utilize some sort of hybrid workforce arrangement.

Of course, not all hybrid models will look the same. The same McKinsey & Co. survey also found that most organizations are still working through their approach to post-pandemic workforce management. If you’re in the same boat, here are a few tips to help you meet the needs of your business and employees:

Consider a location change.
When you can hire from anywhere, why not relocate? If your headquarters are located in an inconvenient or expensive area, this is your opportunity to move. Some companies have already made the decision. Uber, Oracle, and Palantir, among others, are leaving California to decrease costs and give employees more flexibility. Many have resettled in the Midwest, and Subash Alias, CEO of Missouri Partnership, isn’t surprised.

“The cost of starting a business or hiring top talent is quite affordable in the Midwest, which is why companies like Tallyfy and Scollar relocated,” he says. “Top talent and tech companies leaving Silicon Valley in search of greener pastures should consider moving to the Midwest to take advantage of these qualities.”

You can also look into opening additional offices. A Gensler study discovered that leaders at top-performing companies place a high value on face-to-face interactions, and employees at these companies tend to agree that the office is the best place for certain work activities. If you want to encourage in-person collaboration and reap the benefits of a distributed workforce, establish offices in the cities you’re hiring from. The same Gensler study found that top performers are three times more likely to expand their geographic footprint as they kick off the next normal.

See the full article from CEOWorld here.

What Next?

• Talk to our CEO, Subash Alias, about business expansion opportunities at 314.932.3973 or via our contact form.
• Check out our available certified sites & buildings for your site selection needs.
• See how Missouri’s business climate ranks in comparison to other states in the U.S.
• Learn more about why Missouri is a top state for business location and investment.