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Not long ago, Bill Gates shared what he thinks is the most important perk companies can give the best employees: flexible work arrangements.

Now a new study from Harvard Business School says companies that let their employees "work from anywhere," and work whenever they want, wind up with employees who are more loyal, more productive, and cost less.

Image: Bill Gates. Photo credit: https://flickr.com/photos/184851290@N06/48847377972/