Challenger Survey: Most Companies Not Following Yahoo, Best Buy

When struggling big box retailer Best Buy followed in the footsteps of Yahoo! Inc. by altering its telecommuting policies for employees, some undoubtedly concluded that there would soon be a flood of companies doing the same.  However, a new survey indicates that Best Buy may be in the minority, with the overwhelming percentage of companies planning to maintain their telecommuting policies.

According to the survey, 80 percent of the 120 human resources executives polled said their companies currently offer some form of telecommuting option to employees with 97 percent of them saying there are no plans to eliminate that benefit.

The survey was conducted by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. in the days following Yahoo’s widely reported and controversial plan to bring work-at-home employees back to the office.

“When major companies like Yahoo and Best Buy make notable policy changes, there is no doubt that other employers will take notice and some may even re-evaluate their policies.  However, it would be misguided to assume that other companies will follow blindly without considering their own unique circumstances,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

Get the full report here.

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