Raytheon Applied sciences is embracing the hybrid work mannequin as a way to cut back its footprint and foster a extra inclusive workforce, CEO Greg Hayes instructed CNBC Tuesday.
After greater than a yr of working from dwelling, an experiment spurred by the Covid-19 pandemic, the corporate plans to chop 1 / 4 of its workplace house and welcome staff to the workplace solely when vital.
“What this pandemic has proven us in all truthfully is that, you already know, you might be productive in various work environments,” he stated in an interview with Jim Cramer on “Mad Cash.”
Raytheon, which reported having 181,000 staff globally as of December, stated about 100,000 folks have labored remotely through the pandemic. Raytheon is taking a look at lowering its 32 million sq. toes of house by 25%, or eight million sq. toes.
That will not spell the tip of in-person work actions at Raytheon, an aerospace and protection big based mostly in Waltham, Massachusetts. Hayes sees bringing staff in as a chance to take care of firm tradition however famous a profit in eliminating day by day journey to campus.
“I nonetheless suppose you must be within the workplace sometimes,” he stated. “You need to construct social capital, you must construct that group esprit de corps, however you do not have to have an hour commute each single day to be productive.”
Raytheon additionally has its deal with reaching range objectives, and Hayes thinks a work-from-anywhere mannequin might be key in supplying the stability between work and household life that many ladies demand.
Throughout the pandemic, the speed of girls’s labor pressure participation fell to ranges not seen in a long time.
“We’ll give folks flexibility and that is going to assist quite a bit by way of retention as effectively,” Haye stated. “As I take into consideration the objectives that we now have round range and attempting to maintain younger ladies within the workforce, the sort of flexibility is completely important.”
Raytheon inventory declined 1.37% on Tuesday to an $85.38 shut. The inventory has climbed 19% this yr.