A revealing article by USA Today sheds much light on the status of the Work from Home Battle. We have placed the URL for the original article at the bottom of this piece.
Many, employers such as Meta and Zoom have issued return-to-office mandates, but will it continue in 2024?
Unsurprisingly, remote-work numbers have dwindled over the past few years. According to data from WFH Research, the numbers started falling in the Spring of 2020, when more than 60% of days were worked from home. By 2023, that number had dropped to about 25%, far lower than its peak. But notice, it is far from going away.
While work-from-home numbers have held steady throughout 2023, according to remote-work experts, they’re expected to rebound in the years to come as companies adjust to work-from-home trends.
Here’s a great quote from the USA Today article. “Return-to-office died in ‘23,” said Nick Bloom, an economics professor at Stanford University and work-from-home expert. “There’s a tombstone with ‘RTO’ on it.”
So many companies are focused on the amount of work being done from home that they are not taking into account their focus should be shifted to how to manage employees that work from home. The hybrid model is pulling ahead in this three-horse race.
Another consideration is some employees are just needed at the office and some are not needed to the same extent. Employers should be focused on who can and who cannot work from home based on what they do and how they contribute and collaborate.
The good news is experts seem to agree the share of employees working from home will pick up as companies adjust to hybrid/remote work, possibly starting as soon as 2025.
Good reasons for this include a new generation growing up with hybrid work, older hard liners aging out of the workforce, and the obvious cost savings associated with a hybrid schedule.
While no side has declared victory in the remote vs. in-person battle, the trend appears to be a hybrid approach catering to individual preferences and specific jobs.
Soon, employees that aren’t already doing so will be splitting their time between the office and remote work. This will allow companies to retain the benefits of in-person and remote work while addressing individual needs and job-specific requirements.
Employees continue to hold increasing bargaining power thanks to a tight labor market and growing acceptance of remote work. They’re more likely to have flexibility and choice in their work arrangements in the next couple of years, not less.
Companies adapting to hybrid models and offering remote options are attracting and retaining talent, reducing costs, and boosting employee satisfaction. If implemented thoughtfully, a hybrid model will benefit both employers and employees.
Ultimately, the “battle” is evolving into a collaborative approach where both sides recognize the merits of each other’s arguments and work towards a solution that optimizes productivity, talent retention, and employee well-being.
Thanks to USA Today for the stats and the quotes. The Original USA Today Article Can be found here- https://www.usatoday.com/story/money/2023/12/21/remote-work-from-home-trends-2024/71991203007/
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