A new study by human resources and payroll services platform Gusto Inc. shows smaller companies that have embraced remote work cite higher performance, better employee retention and strong corporate culture built on a foundation of flexibility. As small companies compete with deep-pocketed giants for talent, those gains could provide an edge.

“SMBs are increasingly looking to extend the flexibility that their workforce enjoys,” said Gusto Economist Liz Wilke. “Not only to attract them, but to keep them less stressed, more able to manage their lives, and to build a culture and a team that works for them.”

Companies that started in the past three years are 31% remote and 46% hybrid for their workforces, far higher percentages than more-established companies. Only 22% of younger companies are fully in the office, according to Gusto. Overall, companies that were 100% on-site before the pandemic are split between hybrid work and being fully in the office, with 8% fully remote.

from: https://www.bizjournals.com/bizjournals/news/2023/06/13/remote-work-small-business-success-tips.html (paywalled, unfortunately)