Survey: Remote Work Isn’t Going Away — and Executives Know It An interesting article by Nick Bloom, Jose Maria Barrero, Stephen Davis, Brent Meyer and Emil Mihaylov on hbr.org “Summary. Many CEOs are publicly gearing up for yet another return-to-office push. Privately, though, executives expect remote work to keep on growing, according to...more Remote work spiked during the pandemic, from about 6% of full workdays in the U.S. to more than 50% in the spring of 2020. Since then, it’s steadily decreased and since early 2023 has hovered around 28%. Many executives believe it’s time to come back to the office: Jamie Dimon, CEO of JPMorgan, has declared himself a remote-work skeptic; Mark Zuckerberg has declared that engineers “get more done” in the office; and Google’s chief people officer recently told employees that office attendance would factor into performance reviews. Even Zoom’s leadership wants employees back in person two days a week. The only problem? Not even senior management expects this return-to-office push to work. The Survey of Business Uncertainty is jointly run by the Atlanta Federal Reserve Bank, the University of Chicago, and Stanford. It surveys senior executives at roughly 500 U.S. businesses across industries and regions each month. The most recent iteration of the survey, conducted in July 2023, asks: “Looking forward to five years from now, what share of your firm’s full-time employees do you expect to be in each category [fully in person, hybrid, fully remote] in 2028?” As the chart below illustrates, executives expect both fully remote and hybrid work to continue to grow. They’re right to expect remote and hybrid work to increase, for four reasons. First, as remote-working technology improves, the share of people working remotely increases. By the 1980s, personal computers began to become more widespread and remote work became easier. By the 2000s, the internet and nascent video calls made it easier still. The response followed basic economic logic: As the “costs” of remote work fell (lower inconvenience, for example), more people chose to do it. Work-from-home rates grew steadily over the half-century leading up to the pandemic, albeit from a very low starting point. Second, remote work will increase because startups born since the pandemic are more likely to use it. As these younger firms grow, the share of jobs offering remote work will increase. Third, and perhaps least obvious, the U.S. is well positioned for remote work. Already, the U.S. has one of the highest rates of remote work of any country, behind only New Zealand and Canada among the 34 countries we surveyed. Finally, remote work will increase because employees like it. The evidence suggests that working from home is valued by employees about the same as an 8% pay increase, on average. It’s a huge amenity and helps reduce turnover — in one recent, large study, by as much as 35%.” #flpnews #work Follow me: https://lnkd.in/dgUYdM5s.
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I've been watching for these PRO WFH articles now for months. Typically it has been some B-aire CEO saying everyone is coming back - not true. We've seen a steady increase in WFH clients successfully landing jobs. Here are the economic ++ benefits: 1. Companies can reduce their lease footprint saving fixed costs. 2. Employee retention is up 35% (this article) saving millions of variable costs. 3. Climate Enthusiasts should love the fact that we're saving gas and carbon footprints as driving is diminished. (Why aren't they pushing this?) 4. Families have dinner together 5. Homework time, bath time, prayer time - all back in the family. 6. Time with your partner 7. You might even ride that Peloton. Sure, when face-to-face collaboration is needed, people can go in or dial in. The main reasons we feel companies are averting the WFH is that they haven't adequately trained their managers. Managing offshore teams in far-off countries seem to have no problem.... why this? Bob Britz - Founder CareerCOACH™ Services www.careercoachsvc.com
Survey: Remote Work Isn’t Going Away — and Executives Know It An interesting article by Nick Bloom, Jose Maria Barrero, Stephen Davis, Brent Meyer and Emil Mihaylov on hbr.org “Summary. Many CEOs are publicly gearing up for yet another return-to-office push. Privately, though, executives expect remote work to keep on growing, according to...more Remote work spiked during the pandemic, from about 6% of full workdays in the U.S. to more than 50% in the spring of 2020. Since then, it’s steadily decreased and since early 2023 has hovered around 28%. Many executives believe it’s time to come back to the office: Jamie Dimon, CEO of JPMorgan, has declared himself a remote-work skeptic; Mark Zuckerberg has declared that engineers “get more done” in the office; and Google’s chief people officer recently told employees that office attendance would factor into performance reviews. Even Zoom’s leadership wants employees back in person two days a week. The only problem? Not even senior management expects this return-to-office push to work. The Survey of Business Uncertainty is jointly run by the Atlanta Federal Reserve Bank, the University of Chicago, and Stanford. It surveys senior executives at roughly 500 U.S. businesses across industries and regions each month. The most recent iteration of the survey, conducted in July 2023, asks: “Looking forward to five years from now, what share of your firm’s full-time employees do you expect to be in each category [fully in person, hybrid, fully remote] in 2028?” As the chart below illustrates, executives expect both fully remote and hybrid work to continue to grow. They’re right to expect remote and hybrid work to increase, for four reasons. First, as remote-working technology improves, the share of people working remotely increases. By the 1980s, personal computers began to become more widespread and remote work became easier. By the 2000s, the internet and nascent video calls made it easier still. The response followed basic economic logic: As the “costs” of remote work fell (lower inconvenience, for example), more people chose to do it. Work-from-home rates grew steadily over the half-century leading up to the pandemic, albeit from a very low starting point. Second, remote work will increase because startups born since the pandemic are more likely to use it. As these younger firms grow, the share of jobs offering remote work will increase. Third, and perhaps least obvious, the U.S. is well positioned for remote work. Already, the U.S. has one of the highest rates of remote work of any country, behind only New Zealand and Canada among the 34 countries we surveyed. Finally, remote work will increase because employees like it. The evidence suggests that working from home is valued by employees about the same as an 8% pay increase, on average. It’s a huge amenity and helps reduce turnover — in one recent, large study, by as much as 35%.” #flpnews #work Follow me: https://lnkd.in/dgUYdM5s.
Survey: Remote Work Isn’t Going Away — and Executives Know It
hbr.org
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🔦 Revealing Survey - Remote Work Isn’t Going Away — and Executives Know It "Summary: Many CEOs are publicly gearing up for yet another return-to-office push. Privately, though, executives expect remote work to keep on growing, according to a new survey. That makes sense: Employees like it, the technology is improving, and — at least for hybrid work — there seems to be no loss of productivity. Despite the headlines, executives expect both hybrid and fully remote work to keep increasing over the next five years." Read On: "Remote work spiked during the pandemic, from about 6% of full workdays in the U.S. to more than 50% in the spring of 2020. Since then, it’s steadily decreased and since early 2023 has hovered around 28%. Many executives believe it’s time to come back to the office: Jamie Dimon, CEO of J.P. Morgan, has declared himself a remote-work skeptic; Mark Zuckerberg has declared that engineers “get more done” in the office; and Google’s chief people officer recently told employees that office attendance would factor into performance reviews. Even Zoom’s leadership wants employees back in person two days a week. The only problem? Not even senior management expects this return-to-office push to work. The Survey of Business Uncertainty is jointly run by the Federal Reserve Bank of Atlanta, the University of Chicago, and Stanford University. It surveys senior executives at roughly 500 U.S. businesses across industries and regions each month." The most survey, from in July 2023, asks: “Looking forward to five years from now, what share of your firm’s full-time employees do you expect to be in each category [fully in person, hybrid, fully remote] in 2028?” Read More at Harvard Business Review https://lnkd.in/gM4a_u2J
Survey: Remote Work Isn’t Going Away — and Executives Know It
hbr.org
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74% of workers believe that having the option to work remotely would make them less likely to leave their employer (Owl Labs Survey). We want to work remotely. There are clear benefits. However, the downside is that we often find we: • Work longer hours ↳ Remote workers are likely to work more than 40 hours a week, 43% more often than on-site workers (Owl Labs) with "many reporting longer work hours than when they were office-based" (National Bureau of Economic Research) • Have difficulty staying focused ↳ 27% of remote workers cite distractions at home as a key challenge (FlexJobs) • Miss out on work connectivity ↳According to Buffer's 2023 State of Remote Work report, 20% of remote employees struggle with collaboration and communication. The same study shows 20% of remote workers cite loneliness as their biggest challenge when working from home. The shift to remote work has many of us blurring the lines between 'on' and 'off' hours, pushing towards burnout without even realizing it. But here’s the good news – there’s a better way to stay productive without compromising your well-being. Here's how you can stay your most "PRODUCTIVE" without burning out, allowing you to truly enjoy the benefits of working from home while getting the job done: P - Plan: ↳ Begin each day with a clear plan of what you want to accomplish. R - Routine: ↳ Establish and maintain a daily routine to provide structure. O - Organize: ↳ Keep your workspace organized to minimize distractions. D - Discipline: ↳ Stay disciplined about your work hours and breaks to maintain productivity. U - Unplug: ↳ Regularly take time to step away from all screens for mental refreshment. C - Commit: ↳ Commit to your tasks and goals, even when working alone. T - Time-manage: ↳ Use time management techniques to ensure efficient use of your day. I - Improve: ↳ Look for new ways to improve your workflow and stay engaged. V - Validate: ↳ Regularly review your accomplishments to validate your efforts and adjust plans as necessary. E - Engage: ↳ Stay engaged with your colleagues and network to maintain a sense of community and support. Remote work isn't just a phase. For many, it's the future. By setting boundaries and using these strategies, you can enjoy the flexibility of working from home without letting it take over your life. Because at the end of the day, the work means nothing if you don't get to have a life.
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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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74% of workers believe that having the option to work remotely would make them less likely to leave their employer (Owl Labs Survey). We want to work remotely. There are clear benefits. However, the downside is that we often find we: • Work longer hours ↳ Remote workers are likely to work more than 40 hours a week, 43% more often than on-site workers (Owl Labs) with "many reporting longer work hours than when they were office-based" (National Bureau of Economic Research) • Have difficulty staying focused ↳ 27% of remote workers cite distractions at home as a key challenge (FlexJobs) • Miss out on work connectivity ↳According to Buffer's 2023 State of Remote Work report, 20% of remote employees struggle with collaboration and communication. The same study shows 20% of remote workers cite loneliness as their biggest challenge when working from home. The shift to remote work has many of us blurring the lines between 'on' and 'off' hours, pushing towards burnout without even realizing it. But here’s the good news – there’s a better way to stay productive without compromising your well-being. Here's how you can stay your most "PRODUCTIVE" without burning out, allowing you to truly enjoy the benefits of working from home while getting the job done: P - Plan: ↳ Begin each day with a clear plan of what you want to accomplish. R - Routine: ↳ Establish and maintain a daily routine to provide structure. O - Organize: ↳ Keep your workspace organized to minimize distractions. D - Discipline: ↳ Stay disciplined about your work hours and breaks to maintain productivity. U - Unplug: ↳ Regularly take time to step away from all screens for mental refreshment. C - Commit: ↳ Commit to your tasks and goals, even when working alone. T - Time-manage: ↳ Use time management techniques to ensure efficient use of your day. I - Improve: ↳ Look for new ways to improve your workflow and stay engaged. V - Validate: ↳ Regularly review your accomplishments to validate your efforts and adjust plans as necessary. E - Engage: ↳ Stay engaged with your colleagues and network to maintain a sense of community and support. Remote work isn't just a phase. For many, it's the future. By setting boundaries and using these strategies, you can enjoy the flexibility of working from home without letting it take over your life. Because at the end of the day, the work means nothing if you don't get to have a life.
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Headhunter I Expert Recruiter I Personnel Manager I Talent Manager I Recruitment Manager I 17 years of experience in HR
74% of workers believe that having the option to work remotely would make them less likely to leave their employer (Owl Labs Survey). We want to work remotely. There are clear benefits. However, the downside is that we often find we: • Work longer hours ↳ Remote workers are likely to work more than 40 hours a week, 43% more often than on-site workers (Owl Labs) with "many reporting longer work hours than when they were office-based" (National Bureau of Economic Research) • Have difficulty staying focused ↳ 27% of remote workers cite distractions at home as a key challenge (FlexJobs) • Miss out on work connectivity ↳According to Buffer's 2023 State of Remote Work report, 20% of remote employees struggle with collaboration and communication. The same study shows 20% of remote workers cite loneliness as their biggest challenge when working from home. The shift to remote work has many of us blurring the lines between 'on' and 'off' hours, pushing towards burnout without even realizing it. But here’s the good news – there’s a better way to stay productive without compromising your well-being. Here's how you can stay your most "PRODUCTIVE" without burning out, allowing you to truly enjoy the benefits of working from home while getting the job done: P - Plan: ↳ Begin each day with a clear plan of what you want to accomplish. R - Routine: ↳ Establish and maintain a daily routine to provide structure. O - Organize: ↳ Keep your workspace organized to minimize distractions. D - Discipline: ↳ Stay disciplined about your work hours and breaks to maintain productivity. U - Unplug: ↳ Regularly take time to step away from all screens for mental refreshment. C - Commit: ↳ Commit to your tasks and goals, even when working alone. T - Time-manage: ↳ Use time management techniques to ensure efficient use of your day. I - Improve: ↳ Look for new ways to improve your workflow and stay engaged. V - Validate: ↳ Regularly review your accomplishments to validate your efforts and adjust plans as necessary. E - Engage: ↳ Stay engaged with your colleagues and network to maintain a sense of community and support. Remote work isn't just a phase. For many, it's the future. By setting boundaries and using these strategies, you can enjoy the flexibility of working from home without letting it take over your life. Because at the end of the day, the work means nothing if you don't get to have a life.
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Employee Experience | HR Specialist | OD | Onboarding | Orientation | HR Operation | SAP SF | Training & Development
74% of workers believe that having the option to work remotely would make them less likely to leave their employer (Owl Labs Survey). We want to work remotely. There are clear benefits. However, the downside is that we often find we: • Work longer hours ↳ Remote workers are likely to work more than 40 hours a week, 43% more often than on-site workers (Owl Labs) with "many reporting longer work hours than when they were office-based" (National Bureau of Economic Research) • Have difficulty staying focused ↳ 27% of remote workers cite distractions at home as a key challenge (FlexJobs) • Miss out on work connectivity ↳According to Buffer's 2023 State of Remote Work report, 20% of remote employees struggle with collaboration and communication. The same study shows 20% of remote workers cite loneliness as their biggest challenge when working from home. The shift to remote work has many of us blurring the lines between 'on' and 'off' hours, pushing towards burnout without even realizing it. But here’s the good news – there’s a better way to stay productive without compromising your well-being. Here's how you can stay your most "PRODUCTIVE" without burning out, allowing you to truly enjoy the benefits of working from home while getting the job done: P - Plan: ↳ Begin each day with a clear plan of what you want to accomplish. R - Routine: ↳ Establish and maintain a daily routine to provide structure. O - Organize: ↳ Keep your workspace organized to minimize distractions. D - Discipline: ↳ Stay disciplined about your work hours and breaks to maintain productivity. U - Unplug: ↳ Regularly take time to step away from all screens for mental refreshment. C - Commit: ↳ Commit to your tasks and goals, even when working alone. T - Time-manage: ↳ Use time management techniques to ensure efficient use of your day. I - Improve: ↳ Look for new ways to improve your workflow and stay engaged. V - Validate: ↳ Regularly review your accomplishments to validate your efforts and adjust plans as necessary. E - Engage: ↳ Stay engaged with your colleagues and network to maintain a sense of community and support. Remote work isn't just a phase. For many, it's the future. By setting boundaries and using these strategies, you can enjoy the flexibility of working from home without letting it take over your life. Because at the end of the day, the work means nothing if you don't get to have a life.
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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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Return to office is ‘dead,’ Stanford economist says : prevalence of remote work may grow in 2025 and beyond : Remote work expands job opportunity for both workers and employers says Stanford’s Steven Davis “What makes companies money tends to stick” Remote policies show ‘incredible diversity’ For example, 7% of workers are required to be in the office one day a week, while 9% are required in two days, 13% three days and 8% four days : Nearly 1 in 5, 18%, have discretion over their in-person workdays “The new normal is this incredible diversity” “There’s still a lot of experimentation going on” “But the aggregate effect is that remote work is steady” Why remote work will likely increase beyond 2025 “Employers say the biggest benefit of remote work is retention” In a labor market with more slack, “retention gets much easier” KEY POINTS · The share of days worked from home ballooned in the Covid-19 pandemic’s early days, and subsequently declined through 2022. · However, it has flatlined in 2023, suggesting more companies aren’t calling employees back to the office. · Long-term technological and demographic trends suggest the prevalence of remote work may grow in 2025 and beyond. The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work has become a permanent fixture of the U.S. labor market, economists said.
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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
