Telecommuting may have peaked in the UK as a sluggish job market is returning power to employers, according to research by LinkedIn.

Josh Graff, LinkedIn’s managing director for Europe, Middle East, Africa and Latin America, said 12% of UK jobs advertised on the site in September were remote, compared to 16% in January, as “paranoid” employers were concerned. On productivity working from home. .

The company also found that three out of four UK bosses are concerned that the current economic slowdown means they will have to return to flexible working, in a global survey of nearly 3,000 C-suite CEOs at large organisations.

The strength “is coming back to employers as hiring slows,” Graf told Bloomberg Radio. “It’s certainly a tight labor market, but it’s starting to slacken, and economic uncertainty is starting to threaten the epidemiological progress we’ve seen over the past two years.”

Graf said that although the percentage of telecommuting hybrids being advertised has decreased, they are still popular with candidates. He noted that although only 12% of the advertised jobs were remotely, they received 20% of all applications. Graf described this as “a growing disconnect between what professionals want and what employers offer.”

Some companies are already scaling back flexible work for existing employees, with Bank of America Corp telling its employees in global markets that they can only work from home two days a month.

Graf added that employees and bosses also disagree about the effectiveness of working from home, with “paranoia” about how much is being done. Microsoft Corp research found that 80% of managers felt their teams were less productive when they weren’t in the office. Microsoft found that about 85% of managers are worried they can’t tell if employees are getting enough, while 87% of workers say their productivity is just fine.

The UK labor market remains hot with an unemployment rate of 3.5%, the lowest since 1974, according to the Office for National Statistics. However, Graf said LinkedIn’s hiring rate fell 10% in the UK in September compared to a year earlier, in a sign of slowing.

Graf warned that returning to “command and control” structures may not be beneficial for companies, as it risks losing “motivated employees at the moment they need it most.”

“While difficult decisions undoubtedly must be made,” he said, “it’s important to remember that your employees are your company’s most valuable asset.” “They have experience with your systems and processes. It aligns with your culture and values, and most importantly it is the ones you have deep relationships with customers as well.”

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