New research indicates that employees are placing a higher priority on flexibility in the workplace than they are on unlimited time off.

Findings from small-business benefits platform Justworks and commercial real estate leasing marketplace SquareFoot revealed that employees placed flexible work hours and remote capabilities in the workplace higher on their "critical factors" list than they did unlimited paid time off.

Increasingly, employees seek to control their own work schedule, as well as to choose their work location — both of which are major factors in creating a positive work environment. As a result, job searchers place higher weight on those factors when looking for a new position, with 70 percent of employee respondents saying flexible work hours are very important and 68 percent saying they have a positive impact on their teams.

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