Interesting read here on the ever-evolving landscape of Remote v. Hybrid v. In-Office. While right after the pandemic, fully remote jobs had been everyone's preference, seems as though things have begun to settle in a different direction - that people are wanting to have some sort of office structure again. In the article it shares how 7/10 people surveyed want to have hybrid/in-office setups instead of fully remote. Team engagement, being out of the home, higher compensation and career development are the key reasons that people are open to coming back in, while no commute, work-life balance, and ability to work from anywhere are still the reasons for remote. In the end, it is always going to be a tricky balance to appease everyone, but believe every organization needs to reflect on what is going to be best for their business and achieving the goals outlined for the year, while keeping majority of the team happy. Employees should have a say, but also understand needs may change and flexibility could be required on their end to achieve those goals, which usually will positively impact their career and compensation. Anyone wanting a further chat on this, happy to talk over. As a candidate, the more open you are to various work environments, will allow for more opportunities to be presented to you. On the client side, you want to stay competitive to market trends and understand what others are doing to attract the best talent and retain your current workforce. Feel free to message me here or email at [email protected] for a conversation!
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Exposed: The Real Impact of Remote Work on Gen Z —It's Not What You Think… Before we go into this, we should define what we mean by remote and hybrid models. Remote work involves employees working from home or any location outside the traditional office environment full-time. In contrast, a hybrid model combines both remote and in-office work, giving employees flexibility over where, and sometimes when, they choose to work. The perception is that Gen-Z, has easily adapted to working remotely, but many studies show the opposite . Recent studies by Deloitte and the Economist show that they are facing challenges with productivity, skill development, mental health and boredom. Indeed, a recent study from Deloitte showed that of Gen-Z workers, only 13% expressed complete satisfaction with their remote work life, free from any challenges. A recent Deloitte study reveals a troubling undercurrent. A significant portion of young professionals report increased stress and anxiety, with financial strains and an “always on” work culture exacerbating these issues. This blurring of work and home life is particularly pronounced among Gen-Z workers, nearly half of whom (48%) say they are bored with their remote jobs. For me personally the commute to and from the office is actually a very important part of my work-life balance, which I would not like to miss. As it allows me to switch mentally between work and private life, which in fact is very important for my work-life balance. While Gen-Z and Millennials try to find the balance between working environments, employers must consider the trade-offs. Are we sacrificing essential skills such as communication, collaboration and creativity for an isolated, screen-bound existence? High-profile critics of remote work, such as JPMorgan Chase’s CEO Jamie Dimon, argue that it leads to a reduction in productivity and higher procrastination among workforces. Before they swing one way or the other, employers must think critically about how they can use their resources to optimise Gen-Z’s contribution to their business. For me, remote work is a sub-optimal solution for most people, and hybrid working is a logical shift, with a healthy balance of time in the office and at home. Fully remote work requires completely new strategies just to maintain productivity and employee well-being. Pure office-bound work leads to presenteeism and removes the benefits and flexibility that employees crave. But with a hybrid model, employers can get the best of both worlds, mitigating the downsides of remote work by providing opportunities for learning, in-person collaboration and social interaction. Any erosion of essential social skills and collaborative dynamics could set back sectors like STEM, where innovation often springs from spontaneous exchanges and teamwork. It’s a divisive issue, so I’m keen to hear your thoughts. Do you thrive in a remote setting, or do you crave the dynamic of a traditional office? #genz
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Embracing Change: The Evolving Landscape of Remote Work In recent years, the way we work has undergone a profound transformation. Gone are the days of strictly 9-to-5 office hours tethered to a desk. Instead, we find ourselves in an era where flexibility and remote work opportunities have become increasingly prevalent. However, as we navigate through this ever-changing landscape, it's evident that the pendulum is swinging back towards more traditional work settings for some industries. The Rise of Remote Work It's undeniable that remote work has experienced a meteoric rise in popularity, fueled by advancements in technology and shifting attitudes towards work-life balance. Employers have embraced remote work as a means to attract and retain top talent, reduce overhead costs, and promote employee satisfaction. Employees, in turn, have relished the freedom and autonomy that comes with working from home or a remote location. For many, the pandemic served as a catalyst, accelerating the adoption of remote work practices out of necessity. What started as a temporary measure has since evolved into a fundamental shift in how we approach work. The Shift Back to Traditional Work Settings Despite the benefits of remote work, some industries are beginning to revert to more traditional work settings. As the initial novelty of remote work wears off and companies reassess their long-term strategies, we're witnessing a gradual shift towards hybrid models or a return to the office for certain roles. Many employees crave the social connections and sense of belonging that come from working alongside their colleagues. Moreover, companies recognize the value of physical spaces in fostering teamwork, mentoring, and knowledge sharing. In conclusion, while remote work has changed how we work, it's unlikely that work-from-home or remote positions will stay as popular. As trends shift and industries adjust, we may see fewer remote work options. Flexibility will still be important, but we'll likely move towards more traditional office setups or a mix of remote and in-person work. It's important to adapt to these changes to meet the needs of both employees and businesses. Let's keep the conversation going. How has remote work impacted your industry, and what are your thoughts on the future of work? Share your insights in the comments below!
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"So where does the remote work debate go from here? The majority of surveys on remote working are based on remote employees “feelings” that they are more productive. Or managers “believing” they are less productive. Yet, subjective feelings and beliefs are not facts. Many managers and remote employees might have different versions about productivity at-home work. “But the research has found, on average, those working in the office at least some of the time are more productive,” argues Jacob Zinkula in the Insider. “It strengthens the rationale for calling employees back to the office as Salesforce and Meta have done. Even Zoom, which is synonymous with remote work, recently called some employees back to the office for at least two days a week.” The final answer might not be an “either-or-solution,” given the overall findings that fully remote work is less productive than fully in-office or hybrid work. Plus, Stanford scientists conclude that hybrid work so far has no impact on productivity one way or another. As those scientists point out, it’s popular with firms because it improves employee recruitment and retention. Morgan agrees, admitting it’s hard to strike a balance between in-office and remote work. “The strategy most employers are taking is to implement a little bit of both through a hybrid schedule. This allows workers some flexible days to work from their homes and stay disconnected from the office but also provides critical in-office days that the NBER’s research shows are more productive.”"
Remote Work Might Not Be As Productive As Once Thought, New Studies Show
forbes.com
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Remote Work Revolution: Unleashing Growth Through Flexibility 🚀 Ever wondered how remote work impacts business growth? Let the numbers explain! According to Forbes, companies embracing flexible remote policies experienced a staggering 16% higher revenue growth over 3 years compared to those tethered to traditional office setups. A deep dive into 554 publicly traded firms by Scoop and BCG revealed this undeniable truth. The evidence doesn’t stop there: • Stanford’s 2-year study at a global travel agency showcased a 13% performance boost for remote workers. • An Oxford study of 10,000 call center employees discovered a 4.4% spike in productivity for those working from home. • Github data speaks volumes: remote developers outshined their office counterparts by 20% in tackling complex coding tasks. The takeaway is crystal clear: trust drives results. Policies empowering teams to self-organise based on work needs outshine coercive mandates. Performance thrives on autonomy, not physical proximity. Attention leaders: flexibility is not just a perk; it’s a talent magnet and a growth accelerator, a way to embrace data-driven, empathy-led policies that give employees the power to align life and work. The remote work-productivity-business performance - what’s your thoughts? 👇
Companies With Flexible Remote Work Policies Outperform On Revenue Growth: Report
forbes.com
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🌟 Embracing Remote Work: Transforming the American Work Landscape 🌟 Remote work has undoubtedly revolutionized the way Americans approach their professional lives. The shift towards remote work, accelerated by technological advancements and the global pandemic, has brought about a significant transformation in how we work, collaborate, and live. 🏡 Flexible Work-Life Balance: One of the most profound impacts of remote work is the newfound flexibility it offers. Employees now have the freedom to structure their workday around their personal lives, eliminating long commutes and allowing for a better work-life balance. This flexibility has led to increased productivity, reduced stress levels, and improved overall well-being. 💻 Access to Talent: Remote work has broken down geographical barriers, allowing companies to tap into a global talent pool. Employers can now hire the best and brightest individuals regardless of their location, leading to greater diversity, innovation, and collaboration within teams. 🌐 Sustainable Practices: By reducing the need for daily commutes and office spaces, remote work has also contributed to environmental sustainability. The decrease in carbon emissions and energy consumption associated with traditional office settings has made remote work an eco-friendly alternative, aligning with efforts to combat climate change. 🚀 Economic Opportunities: Remote work has opened up new economic opportunities for individuals and communities across the country. Remote workers have the flexibility to live in more affordable areas while still accessing high-paying job opportunities in major cities. This decentralization of the workforce has the potential to spur economic growth and revitalization in rural and underserved areas. 🤝 Building Virtual Communities: While remote work may have physical distance, it has also fostered the growth of virtual communities and networks. Through online collaboration tools, social media platforms, and virtual events, remote workers can connect, share ideas, and support one another, creating a sense of belonging and camaraderie. As we continue to embrace remote work as a permanent fixture of the American work landscape, let us celebrate the positive changes it has brought about and strive to create a future where flexible, remote work opportunities are accessible to all. What do you think about the impact of remote work on the American work landscape? Share your thoughts and experiences in the comments below!
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Chief of Staff @Readdle 🌿 EMCC Certified Coach & Mentor (EIA) 🌿 EMCC Certified Team Coach (ITCA) 🌿 Gallup Strengths Coach
I am a big promoter of remote and hybrid work. The biggest problems skeptics refer to while complaining about the lack of performance from remote teams, in my opinion, are not unique to "remote" and speak more about the leadership's ability to engage their people. ✨ Setting clear company goals and clear vision => AND regularly communicating and updating those. ✨ Effectively managing our business through the performance of our people => AND truly affecting and navigating the business through our people and their individual and collective team achievements. ✨ Engaging and motivating our people to do their best work => AND ensuring our reward, engagement, and employer brand strategies are agile and updated to the needs of the time. All of the above and much more are essential team management components, and we need to make sure we operate in these pillars really well, regardless of where our people work—in the office or at home. What are companies actually losing while not offering “remote work” to their people? 1. 💔 Talent Acquisition and Retention: Companies that do not offer remote work options might struggle to attract and retain top talent. Many skilled professionals seek flexibility in their working conditions, and companies that do not adapt may lose these potential stars and top performers to competitors that offer more flexible working arrangements. 2. 💔 Employee Satisfaction and Morale: The latest research shows that people increasingly value work-life balance, which is often enhanced by the flexibility of remote work. Companies that do not provide this option may see a decrease in employee satisfaction and morale, which can lead to higher turnover rates. “64% of people in the UK would turn down a promotion to maintain their well-being and, in turn, their work-life balance. What’s more, this has increased year-on-year by 7%.”, says the article from Michael Page, referring to their latest research. 3. 💔 Reduced Diversity: Remote work allows companies to hire from a broader geographic area, which can enhance team diversity. Limiting hiring to a local area may reduce the diversity of perspectives and experiences in the workforce, potentially impacting creativity and innovation. 4. 💔 Increased Operational Costs: Companies that require all employees to be onsite might incur higher operational costs, such as office space, utilities, and resources, compared to those that can downsize physical office space due to a remote workforce. 5. 💔 Adaptability and Resilience: Remote work can help companies be more resilient to disruptions, such as public health crises, natural disasters, or other emergencies. Without the infrastructure or culture supporting remote work, companies might find it harder to maintain operations smoothly during such events. Read my full article, which also offers some practical advice, right here: https://lnkd.in/eDRUeRqD
Why We Should Not Give Up On Remote Work
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Pros and cons of remote work In the era of digital transformation, the concept of remote working has evolved from a rare perk to a widespread reality. It’s a shift that has transformed not just where we work but how we work, resonating across freelancers, corporate professionals, and small business owners alike. As we navigate this new terrain, it’s worth pausing to reflect on both the silver linings and the challenges it presents. The freedom to work from anywhere has introduced a level of flexibility previously unimaginable. Take the case of a Silicon Valley tech giant whose employees, liberated from the confines of a physical office, have reported higher productivity and a better work-life balance. Globally, freelancers and business owners embrace the idea that this flexibility is not just about comfort but also about accommodating a person’s peak productivity hours. Additionally, remote work has dissolved geographical boundaries, enabling companies to tap into a global talent pool. It’s a benefit that has enabled small businesses to compete with larger corporations for top talent. Consider the story of a start-up in Berlin hiring an AI specialist from Singapore; such cross-continental collaborations are no longer the exception but the norm. However, this transition is not without its pitfalls. One of the most significant challenges is the... https://lnkd.in/e2ka65BX
Pros and cons of remote work
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#Future_of_Remote_Jobs As we enter 2024, the debate over remote work is still raging. Some companies are eager to bring their employees back to the office, while others are embracing the flexibility and productivity of working from home. But what does the data say about the future of remote work? According to a recent analysis by McKinsey, more than 20% of the workforce could work remotely three to five days a week as effectively as they could if working from an office. This would mean a significant shift in where work takes place, with profound implications for urban economies, transportation, and consumer spending. However, remote work is not equally accessible or desirable for everyone. More than half of the workforce has little or no opportunity for remote work, either because their jobs require physical presence, collaboration, or specialized equipment. Many of these jobs are low-wage and more at risk from automation and digitization. Remote work thus risks widening the gap between the haves and the have-nots of the labor market. Moreover, remote work poses a number of challenges for both employers and employees, such as maintaining organizational culture, communication, and innovation, as well as ensuring mental well-being, work-life balance, and career development. These challenges require new ways of managing, collaborating, and supporting remote workers, as well as rethinking the role and design of the office space. The future of remote work is likely to be hybrid, combining the best of both worlds. A survey by #Techopedia found that 67% of respondents preferred a hybrid work model, where they could work remotely for some days and in the office for others. A hybrid work model could offer more flexibility, autonomy, and diversity for workers, while also fostering social connection, creativity, and alignment for organizations. But how can we make hybrid work work? What are the best practices and tools for managing remote teams, engaging remote employees, and creating a remote-friendly culture? How can we balance the needs and preferences of different workers, roles, and industries? How can we leverage the benefits of remote work while mitigating the drawbacks? --- What do you think of this post? Do you have any feedback or suggestions? Let me know in the comments below. 😊
Council Post: What’s The Future Of Remote Work In 2023?
forbes.com
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The Future of Remote Work: Embracing the Work-From-Home Trend in 2024 The year 2024 marks a significant milestone in the evolution of work culture as the work-from-home trend continues to gain momentum. With advancements in technology and changing attitudes towards remote work, more and more companies are embracing the idea of flexible work arrangements. In this blog post, we will explore the future of remote work and discuss the benefits and challenges it brings for both employers and employees.
The Future of Remote Work: Embracing the Work-From-Home Trend in 2024
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