🍝 Yelp's findings on the impact of remote work

Good Morning,

Thanks to everyone for the job board feedback - I’m incredibly excited to see where this will go. We now have over 9,000 active job listings, and we’ll be adding more in the coming weeks.

If you know anyone looking for a remote job, send them to remotesource.com!

Need to know

Last week, Yelp released a Remote Work Report.

The report outlines the impact that a recent remote work policy shift has had on Yelp’s company performance, as well as the impact that population shifts due to remote work have had on businesses across the country.

First, Yelp’s company performance and talent access improved due to remote work. They have seen:

• 25%+ increase in applicants per job posting

• 23% reduction in time-to-hire for new employees

• 16% revenue growth, indicating an overall positive impact

• Yelp employees are now located in 50% more cities than they were in 2019 (1,304 vs 871)

• 87% of employees believe remote work has made them more effective

Second, Yelp’s search data had detailed findings that dig deeper into some of the population trends we’ve seen:

• People are moving away from large, coastal business hubs

• Washington D.C., New York, California, Nevada, and Oregon saw the most significant drops in Yelp searches since 2019

• The five states with the highest increases in share of Yelp searches are South Dakota, North Dakota, West Virginia, Wyoming, and Mississippi

  • There was a sharp uptick in new businesses in these states, primarily in local services (78% increase), home services (76% increase), and beauty services (52% increase)

Elsewhere

• Remote work helped push disability employment to a record high (Bloomberg)

• What to do when your employer reverses its remote work policy (Quartz)

• Hybrid work is hurting restaurants and bars on Mondays and Fridays (CNBC)

• Five high-paying tech roles that are often done remotely (Spiceworks)

• Addressing proximity bias for a successful remote culture (Forbes)

Writing to you this week from the unusually cold Los Angeles, where working remotely is normally a little more pleasant. But does it beat commuting into a cold, dreary office? Every time.

Cheers,
Grant