Work-From-Home News: Where Fortune 500 and Other Leaders Stand in 2023

06/28/20235 min read
Staffing logo

authors are vetted experts in their fields and write on topics in which they are extremely knowledgeable. All of our content is peer reviewed and validated by world-class professionals.

Michelle Labbe
Podcast Host & Chief People Officer
verified iconExpert in Talent Development
Toptal
Host of The Talent Economy podcast and Chief People Officer at Toptal, Michelle Labbe is passionate about creating and maintaining a world-class experience for all team members.
Expertise
  • Leadership Coaching
  • Human Resources
  • Talent Acquisition
Work-From-Home News: Where Fortune 500 and Other Leaders Stand in 2023

The debate over remote work may never reach an ultimate conclusion, but one thing is clear: Working from home is now a permanent feature at many organizations around the world and remains at the forefront of talent demands.

Despite mounting evidence in support of remote work, some leading figures have dismissed it as a “failed experiment” and steered their staff back to the office. When 68% of remote employees would rather quit than return to the office, many businesses find themselves in a quandary: Provide flexibility or risk losing employees.

Fortunately, for every loud detractor of remote work in the news, there’s an equally firm supporter. Staffing.com dug into the latest work-from-home updates—and our own discussions with decision-makers from MarketWise, Yelp, New York Life, and Zoom on The Talent Economy podcast—to bring you the latest on where these influential business leaders stand on work-from-home in 2023.

Line graph displaying the percentage of employees working remotely compared to in-office. The number of employees utilizing work-from-home initiatives in 2023 is 28.4 percent.
While the number of remote workers has declined since 2020, the percentage of people who work from home remains at a historically high level: 28.4% compared to 4.7% before the pandemic.

Flexible Work Environments at MarketWise

As businesses continue to explore variations of work arrangements, many acknowledge that there is no one-size-fits-all model. In a 2022 interview with Staffing.com, Cynthia Cherry, CHRO of MarketWise, said that leaders should start an open dialogue with their employees and maximize success by taking a customized approach.

It’s very shortsighted of employers to think that people have to work one single way. Maybe there’s a business reason or a business case for having certain limitations, of course, but when and where you can, look for ways to give that latitude to people. That pays dividends in the long run.

—Cynthia Cherry
Chief Human Resources Officer

MarketWise Logo


While some of the recent job listings from MarketWise and its subsidiaries are office-based, many others offer hybrid options—including roles at Stansberry Research, Roundtable Research, and the Legacy Research Group. The differing approaches among MarketWise’s subsidiaries and sectors support Cherry’s view that companies should consider what is best for them rather than bowing to the loudest opinions in the media.

Bar chart displaying how frequently employees would prefer to work from home in 2023. Working remotely five days per week was the most popular choice.
Now that flexible work arrangements are preferred by employees who have the option, it’s clear that versatility in how and where people work is integral to the employee value proposition.

Work-From-Home Success at Yelp

Through regular employee surveys, companies such as Yelp discovered that offering remote and hybrid work is beneficial for retention and staff well-being. In an interview with Staffing.com in late 2022, Yelp’s Chief People Officer Carmen Orr reflected on how the company’s flexible policies made a big difference in the lives of its employees.

Our employees are very clearly signaling to us that they like the flexibility that comes with remote work. It works better for them. They’re able to use the time that they spent commuting on other things that matter to them: Spending time with their families, investing in their personal health, moving outside of high-cost city centers, and living where they want to.

—Carmen Orr
Chief People Officer

Yelp Logo


Orr continued by praising Yelp’s record-breaking business performance in 2022, a feat that she attributed to “listening to what was important to our employees early on,” and adjusting remote work benefits accordingly.

Yelp’s continued dedication to remote work in 2023 is a clear factor in its employee engagement scores; the company’s own work-from-home surveys have found that 86% of Yelp’s employees prefer to work remotely, and 87% report that doing so has made them more effective at work.

Remote Employee Engagement at New York Life

New York Life’s hybrid model—three days working in the office, two from home—is popular among employees and job candidates. In spring 2023, the company’s Senior Vice President and Head of Human Resources Business Enablement Kathleen Navarro told Staffing.com that workplace flexibility has proven to be a powerful talent attraction tool.

In terms of employee happiness, we’ve had the highest engagement scores we’ve ever had. We’re also hearing from candidates that they like this mix. I just met with somebody recently who was interviewing because her job had gone fully remote and she didn’t want to be home by herself five days a week. She wanted to have some interaction with people in the office and liked this balance of the two days at home.

—Kathleen Navarro
Head of Human Resources Business Enablement

New York Life Insurance Logo


New York Life continues to offer hybrid working arrangements, keeping fully in-office positions to a minimum and allowing what Navarro calls “the best of both worlds.”

Work/Life Balance for Remote Workers at Zoom

In a Mercer global talent trends survey, 51% of respondents said that what they desire most from the future of work is more time for “family, hobbies, health, and learning.” Working from home is an ideal setup for achieving that aim.

Zoom, continuing to be one of the leading lights in the work-from-home trend in 2023, maintains its proposition that “employees should work where and how they feel happy, safe, and successful.” That’s why the technology company offers employees maximal flexibility with both remote and hybrid options. In an interview with Staffing.com last year, Jodi Rabinowitz, Head of Talent and Organizational Development at Zoom, emphasized the importance of prioritizing employee well-being.

When people can talk about a work strategy while they’re petting their cat, they’re just so much happier and smarter. I don’t know what the future’s going to bring; I certainly think it’s hard to go back [to the office]. If one day we all have to go back, I hope we don’t lose what we saw. I hope the barriers don’t go back up, and that we remember what it was like to talk to somebody while they were bouncing their kid on their lap.

—Jodi Rabinowitz
Head of Talent and Organizational Development

Zoom Communications Logo


Further Reading on Staffing.com:

Michelle Labbe
Podcast Host & Chief People Officer
verified iconExpert in Talent Development
Toptal
Host of The Talent Economy podcast and Chief People Officer at Toptal, Michelle Labbe is passionate about creating and maintaining a world-class experience for all team members.