The experience of working from home over 18 months of lockdowns and travel restrictions has brought about a dramatic change of thinking about what employees want from a job, according to the report from headhunters Hanson Search.
A flexible working policy is now often valued more highly than salary, bonus structure, social responsibility and diversity and inclusion when looking for a new role.
According to the survey, more than 40 per cent of senior executives want to define their working location on a weekly basis with almost 73 per cent saying they thought their productivity and quality of work had increased while working remotely.
During lockdown 29 per cent of senior executives questioned their current career paths and considered alternative careers, with many deciding to freelance in their speciality.
Thirty per cent of senior executives said that they had sought or accepted a role based on the flexibility of the company’s working practices with almost two thirds of the respondents being women.
Of the 1,100 respondents to the survey, carried out jointly by Hanson Search and workplace consultants Moveplan, 15 per cent wanted to work abroad and 21 per cent were thinking of leaving their jobs and going freelance.
Alice Weightman, founder of Hanson Search, said: “Businesses are facing an unprecedented set of challenges. With the war on talent heating up and a noticeable shortage of skills across industry sectors, those that get it right, will be at an advantage. The shift in power has moved from the employer to the employee and they are looking for a better work/life balance and are not afraid to ask for what they need.
“Employees, including senior executives, are looking for flexibility in where they work from, with many wanting to be able to work abroad for a few months of the year. Businesses need to think about how to attract and retain good talent even more so than ever before.”