BEERG Newsletter 31 - Future Work: Working from home update

Professor Nick Bloom from Stanford University is one of the leading authorities on remote working/working from home. He has now publicly posted an updated PowerPoint deck tracking developments. It can be accessed via: this link. He summarises his findings as follows:

• WFH Levels: now stabilized, with North America, UK & Australia highest, then Europe and South America, and Asia lowest. Demographic variations by education (graduates about 2x levels of WFH) and age (highest for folks in 30s and early 40s).
• Strategy: Hybrid popular for employee retention and recruitment. Fully-remote saves on office costs and enables national/global hiring
• Management: Coordinate days together for hybrid, make in-person valuable for in-person activities, focus on good performance evaluations, and software to coordinate effective space and office use
• Impact: Donut effect emptying city-centres, less commuting is speeding up the morning commute, and golf has taken off midweek