Spotify launched a new work model called “work from anywhere” (WFA) in February 2021 – and it was music to the ears of its 8,600 employees, according to data published in early August.
The policy enabled staff to decide when they worked in a company office or wherever else on the planet, as long as the Swedish-headquartered company had a hub in that country.
The music-streaming company also tweaked its salary bands, recalibrating them by nation rather than city or region. That seemed to be a popular move: 6% of its 11,453 employees moved countries after this policy was introduced, and a large chunk of whom moved within the U.S.
The headline news, though, is that despite the great resignation trend, Spotify claimed staff churn has reduced compared to pre-pandemic levels and that it has also boosted the diversity of its workforce – as a direct result of the policy.
This article was first published on DigiDay’s future-of-work platform, WorkLife, in August 2022 – to read the complete piece, please click HERE.