Almost half of business managers say their company does not allow remote or teleworking, according to new research.

A study by network provider Cisco found managers’ number one priority is finding and retaining talented staff management, but they are uneasy with remote and home working.

The research found that home working ranked as the lowest influencing factor on IT managers’ technology investment priorities over the next 12 to 18 months.

The study highlights a relationship between strategic IT adoption and business success, finding business leaders of high-growth companies were twice as likely to have flexible working capabilities.

The IQ of the British Network report polled more than 600 business and IT directors across the UK in companies ranging from 20 to 1,000 employees.