European Banks Are Cutting Their Office Space In Favor Of Remote Work—While In The U.S., Goldman Sachs And JPMorgan Want People To Return To The OfficeThe authors believe that this transformation has largely resulted from the considerable rise in digital labor platforms in recent decades. This transformation arguably began with the creation of Monster.com in the 1990s, before LinkedIn emerged in the 2000s, and subsequently the likes of Upwork today.
Such an approach is particularly useful for smaller firms who may not have the same cachet as Google or Facebook and so may not attract the same caliber of candidates if they recruited in the traditional way. What’s more, with remote working an increasingly popular and viable option, this form of recruiting also helps those companies that may not operate out of the key talent hubs for their sector, such as technology for California or finance for New York.
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