An extended version of this article was originally featured in Forbes.

Building a high-performing company relies on attracting top talent, yet some businesses inadvertently drive away potential and current employees. According to the Diversified Technology Maturity Survey of over 1,600 U.S. employees, nearly half would take a pay cut for a hybrid or remote role, and 69% of leaders agree. Despite this, many organizations continue pushing for back-to-office mandates.

Restrictions on remote work limit access to a global talent pool. Diversified, for example, employs top talent worldwide, including a highly productive employee who moved from Dallas to Alaska.

With an aging population, many employees need remote options to care for family members. Flexible work policies not only accommodate these needs but also reduce commuting hassles, increasing productivity and employee satisfaction. Modern technology can keep remote teams connected and engaged, making physical presence in an office less critical.

We've learned from the pandemic that the expertise employees hold is more valuable than their physical location. Embracing diversity of thought and flexible workplaces leads to innovation and high performance.

Companies should focus on skills and experience over rigid job roles. Many talented individuals are overlooked because of outdated hiring practices and geographical limitations. This rigid approach traps businesses in "permafrost," preventing progress.

To build a high-performing company, it's essential to adopt flexible, fit-for-purpose workplace practices. By doing so, businesses can enhance productivity, creativity, and innovation, recognizing that different setups work best for different teams and individuals.

Eric Hutto is Chief Executive Officer at Diversified.