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The idea involves slashing the corporate bureaucracy, giving employees more control, and, hopefully, as a result, allowing the company to innovate efficiently. This story is available exclusively to Business Insider subscribers. "We hire highly educated, trained people, and then we put them in these environments with rules and procedures and eight layers of hierarchy," Anderson said in an interview with Business Insider earlier this year. In a traditional corporate setting, the organizational chart flows upward: Lower-level employees have managers, those managers have managers, and so on until the top of the chain. In comes a key part of Anderson's proposal: Cut a big chunk of the middle managers and let employees choose the projects they want to pursue.
Persons: , Alka, Seltzer, Claritin, Bill Anderson, Anderson, It's, That's, Bayer, Nicholas Bloom, Bloom, — Bloom Organizations: Service, Bayer, Business, Street Journal, Monsanto, Stanford University, American Economic Locations: New Jersey
But a lot of women haven't been able to take advantage of this remote work perk. Remote work has helped women's progress toward equal pay, but it's had a mixed impact on women's career advancement. On the one hand, remote work has allowed more women to stay in the workforce when they otherwise might forced out due to childcare demands. Women's relationship with remote work both helps and hurtsWomen are working at near-record levels, and the growth of remote work in recent years is among the key reasons. AdvertisementMen and women work from home at very similar rates, but there's some evidence that remote work is even more prevalent among women.
Persons: , haven't, it's, jugging, jugglers, Aaron Terrazas, Nicholas Bloom, Sarah Small, Small, Nicole, Stanford's Bloom, Meredith Whitney, Utah's Organizations: Service, Business, Stanford, University of Utah, of Labor Statistics, WomenTech Network, Labor Department, Bard College Locations: Washington, overemployment
Increase in chronic absenteeism, 2019–23 By local child poverty rates By length of school closures By school district size By district racial makeup Source: Upshot analysis of data from Nat Malkus, American Enterprise Institute. Sara Miller, a counselor at South Anchorage High School for 20 years, now sees more absences from students across the socioeconomic spectrum. But after a visit from her school district, and starting therapy herself, she has settled into a new routine. Nationally, about 26 percent of students were considered chronically absent last school year, up from 15 percent before the pandemic. Kaylee Greenlee for The New York TimesThe Ypsilanti school district has tried a bit of everything, said the superintendent, Alena Zachery-Ross.
Persons: Nat Malkus, , Kaylee Greenlee, Katie Rosanbalm, , can’t, Adam Clark, Sara Miller, Miller, Ash Adams, Tracey Carson, Ashley Cooper, she’s, ’ ”, Cooper, Rosanbalm, Duke, Quintin Shepherd, The New York Times Quintin Shepherd, Shepherd, Michael A, Gottfried, , Nicholas Bloom, Lakisha Young, Charlene M, Russell, Tucker, Regina Murff, Sylvia Jarrus, Ann Arbor, Murff, Alena Zachery, Zachery Organizations: D.C, American Enterprise Institute, New York Times, The New York, Center of Child, Duke University, The New York Times, Missing, South Anchorage High School, University of Pennsylvania Graduate School of Education, Companies, Stanford University, Oakland Locations: Anchorage, Michigan, Washington, Victoria , Texas, Mt, Northern California, Hawaii, Mason , Ohio, Cincinnati, San Marcos , Texas, California, Connecticut, Ypsilanti, Mich, Ann, Ross
Deutsche Bank staff have criticized the company's new return-to-office policies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "There's enormous resistance among staff," Stephan Szukalski, the head of the labor union DBV, which represents Deutsche Bank staff, told Bloomberg via email. Szukalski, who is also part of the bank's supervisory board, said there isn't enough office space and that staff are already complaining about bottlenecks. The spokesperson told BI: "The bank remains committed to our hybrid working model, which has been received extremely positively by staff.
Persons: , Christian, Rebecca Short, Stephan Szukalski, Szukalski, EY, Dan Schawbel, Nicholas Bloom Organizations: Deutsche Bank, Staff, Service, Bloomberg, Business, DBV, Google, General Motors, SAP, Stanford Locations: Germany
RTO mandates are a "disruption" to remote workers' lives because they made big changes during COVID. Many remote workers moved cities, bought houses, and invested in home offices during the pandemic. Additionally, many remote workers invested in having an office set up, including buying office equipment, or designating a room for an office if they have a house. AdvertisementMajor companies across the US have enforced RTO mandates in the past year, including Meta, Google, and Salesforce. In fact, making workers come back to the office will just make them unhappier, according to Nicholas Bloom, a Stanford economics professor.
Persons: Dan Schawbel, , Schawbel, millennials, Dell, Nicholas Bloom, Bloom Organizations: Workers, Service, Companies, Workplace Intelligence, Meta, Google, Katz Graduate School of Business, Stanford, Big Tech
Many remote workers also invested in having an office setup, including buying office equipment or designating a room as an office. "There's that investment too, and they don't want to have to sell everything and come back to work," Schawbel said. AdvertisementMajor companies across the US have enforced RTO mandates in the past year, including Meta, Google, and Salesforce. In fact, Nicholas Bloom, a Stanford economics professor, said making workers come back to the office would just make them unhappier. Advertisement"I think RTO mandates will reduce employee morale unless it is handled very carefully," Bloom told BI over email.
Persons: , Dan Schawbel, Schawbel, millennials, Dell, Nicholas Bloom, Bloom Organizations: Service, Workplace Intelligence, Business, Meta, Google, Katz Graduate School of Business, Stanford, Big Tech
Stanford economist Nicholas Bloom found hybrid workers can be more successful than fully remote workers. Heading into the office at least "three days a week" is enough to get noticed, Bloom told WSJ. AdvertisementHeading into the office a few days a week could be a way to stay in the good books of your managers, according to Stanford economist Nicholas Bloom. Only 42% of fully remote workers received a promotion in 2023, compared to 54% of hybrid workers and 55% of full-time office workers in a survey of 1,190 full-time employees from Resume Builder. AdvertisementAnd workers who go into the office are also more likely to receive helpful feedback .
Persons: Nicholas Bloom, Bloom, , Emma Harrington, they're, Harrington Organizations: Service, Stanford, Wall Street, Workers, Fortune, Hoover Institute
Sallie Krawcheck, CEO of Ellevest, an investment and financial literacy platform for women, has been a vocal advocate for remote work. The various benefits — lower fixed costs, a larger talent pool, and added flexibility for women and under-represented groups — factor into why Ellevest has remained fully remote since the pandemic. Not many people do it, and you can't run into each other at the coffee machine when you're on Zoom," Krawcheck said. Goldman Sachs CEO David Solomon has referred to remote work as "an aberration." Meta , which vocally embraced fully remote work, now has many employees back three days a week.
Persons: It's, Sallie Krawcheck, Ellevest, Krawcheck, Merrill Lynch, Jamie Dimon, Dimon, Goldman Sachs, David Solomon, Sam Altman, Nicholas Bloom, Covid, Bloom Organizations: Amazon, Google, CNBC Workforce, Citigroup, Wall, Cisco, Microsoft, Stanford Locations: New York City
Why the golden age of remote work may be coming to an end
  + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com   time to read: +1 min
Finding fully remote work is getting challenging. "Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. "Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare.
Persons: Kory Kantenga, Nicholas Bloom, it's, Elon Musk, CNBC's David Faber, It's Organizations: LinkedIn, Census Bureau, Stanford University Locations: U.S, America, la la
The fight over return-to-office is getting dirty
  + stars: | 2023-11-07 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Evidence is as evidence doesAs the return-to-office battle has heated up in the past six months, there has been a marked increase in declarations that remote work is less productive. The researchers determined that remote workers were 18% less productive than their in-person counterparts. Just the vibesDespite the limited evidence against it, corporations are increasingly trying to kill remote work. That's what makes the move to kill off remote work so frustrating. It's not clear that the return-to-office move is about making workers more productive or building a better culture.
Persons: it's, Mike Hopkins, they're, India —, Nicholas Bloom, who's, David Baszucki's, Geico, Amazon's Andy Jassy, Geico's Todd Combs, there's, Safra, Larry Ellison, wrongheaded, galvanizing sycophants, Ed Zitron Organizations: Amazon, Amazon Studios, National Bureau of Economic Research, Journalists, Stanford, Meta, , Writers Guild of America, SAG, United Auto Workers Locations: India
The arousal sparked by uncertainty puts us right where we should be in times of flux, at the raw edge of change. “It means we’re in tune with the environment.”In other words, it pays to lean into uncertainty in times of change. It pays to lean into uncertainty in times of change. Maggie JacksonPeople whose stress levels were most attuned to the game’s fluctuating levels of uncertainty made the most accurate predictions. It may seem surprising that people who can cope with and are even drawn to disquieting not-knowing take such delight in life.
Persons: Maggie Jackson’s, Maggie Jackson Karen Smul, Nicholas Bloom, Maggie Jackson, , Joseph Kable, Robb Rutledge, Rutledge, Todd Kashdan, Paul Silvia, Stephanie Gorka of, disquieting, Nicholas Carleton, Stephen Bird, Stephen Organizations: Prometheus Books, CNN, Stanford University, University of Pennsylvania, Yale University, George Mason University, , University of North, Stephanie Gorka of Ohio State University, University of Regina, Twitter, Facebook Locations: Rhode Island, University of North Carolina, Greensboro, Canada
Opinion | Work-From-Home Isn’t Good All Around
  + stars: | 2023-11-03 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “The Five-Day Office Week Is Over,” by Nicholas Bloom (Opinion guest essay, Oct. 22):Mr. Bloom writes that Americans work about one-third of their workdays at home and that remote work has become normal. He names benefits: savings of time and money spent getting to work and flexibility for parents. But this is true only for a fraction of Americans; many essential kinds of work cannot be done remotely as effectively or at all. Economic and status hierarchies that pervade our society are widened by the sharp divide between those who can do their work remotely and those who cannot. As helpful as Zoom is, it is no substitute for being in spaces with others across the day.
Persons: Nicholas Bloom, Bloom Locations:
The idea of permanent remote work is slipping away. After almost three years of relaxed work-from-home policies, CEOs are starting to drag their remote employees back to the office most days of the week. The remote work genie is out of the bottleInfluential remote work researchers, including Stanford researcher Nicholas Bloom, have been backing a flexible, hybrid approach as the way forward. Bloom previously told Insider that well-organized hybrid work is a "win-win" for companies and workers. AdvertisementAdvertisementEveryone else Insider spoke to agreed, though some said even hybrid was likely less productive than being fully in the office.
Persons: Goldman Sachs, Michael Gibbs, They've, Mark Zuckerberg, Andy Jassy, Gibbs, David Atkin, Raj Choudhury, Atkin, Ipsos, " Choudhury, Nicholas Bloom, Bloom, Choudhury, We'll, WFH, Jose Maria Barrero Organizations: Meta, Service, Companies, University of Chicago, Harvard Business School, National Bureau of Economic Research, MIT, Employees, The Washington Post, Stanford, WFH Locations: Wall, Silicon, Indian, Chennai
Fully remote jobs may be more vulnerable to new AI tech, one expert says. Stanford's Nicholas Bloom said AI was likely to impact "low-level, fully remote workers," per Fortune. Jobs that rely in some part on in-person work have less to fear from AI automation. "If I were fully remote, you could replicate me with AI," he said during the panel, which was reported by Fortune. "I think we're going to see a lot of impact [among] low-level, fully remote workers," he added.
Persons: Stanford's Nicholas Bloom, Jobs, Nicholas Bloom, Bloom, Alexis Ohanian Organizations: Service, Stanford University Locations: Wall, Silicon
A report from Goldman Sachs shows studies on remote work have had different conclusions. Results from different research studies don't seem to agree on what remote working means for productivity, a recent report from Goldman Sachs shows. AdvertisementAdvertisementThe different research cited in the report had different study designs. call centers) tended to find positive impacts of remote work," the report said. As studies examine the productivity gains — or losses — of remote work, people have been asked to make the trip back to the office.
Persons: Goldman Sachs, Jose Maria Barrero, Nicholas Bloom, Steven J, Davis, Grace Lordan Organizations: Service, London School of Economics Locations: Wall, Silicon
Goldman CEO David Solomon is famously anti-remote work, and has been pushing RTO for over a year. Certain managers have responded by reemphasizing the company's policy that all employees work from the office five days a week. Though he reluctantly yielded on the issue for a while after facing pushback from his top advisors, he made his disdain for remote work public. "This is not ideal for us, and it's not a new normal," Solomon later said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs of last October, 65% of the company's workers had already returned to the office full time, according to Solomon.
Persons: Goldman Sachs, Goldman, David Solomon, Jacqueline Arthur, Bloomberg, Solomon, it's, you'll, Nicholas Bloom Organizations: Service, Bloomberg, New York Magazine, Meta, Research, Stanford, Wall Street Journal, Employers Locations: Wall, Silicon, New York
The great remote work debateAs part of the war over remote work, employers and employees alike have debated whether or not a mandatory return-to-office policy actually works. With two kids at home, the flexibility of remote work — coupled with no commute — was a boon. The firms that are succeeding at remote work have saved money from giving up office leases and are making their employees feel happier along the way. "You're still in meetings, you're still engaged, but you're not under the thumb of somebody — not treated like a child." Have you quit over remote work, or are contemplating it?
Persons: Timothy Done, I've, you've, Sam Eitzen, Nicholas Bloom, Bloom, It's, Done, it's Organizations: Service, Workers, Stanford University, Federal Reserve Bank of New, Manufacturing Survey, Business, Survey, Microsoft, jkaplan Locations: Wall, Silicon, Egypt, Denver, Utah, It's, micromanagement
The remote work debate is still raging, as firms try to get their workers back into the office. But one business owner says trusting workers to create their own best work arrangement is the best option. "There's the whole saying about working from home, 'shirking from home,' or working remotely, 'remotely working,'" Bloom said. That's why Eitzen is making remote work permanent. Are you a boss or worker trying to figure out how to keep remote work functional?
Persons: Sam Eitzen, Eitzen, I'm, you've, There's, they'd, Simon Fraser, Lucy Gilson, Nicholas Bloom, haven't, Bloom, that's, Chris Bailey, who's, Bailey, he's, It's Organizations: Service, Employers, Deloitte, Pepperdine University , University of New, Simon, Simon Fraser University, University of Calgary, Paul College of Business, University of New, Stanford University, Workers, jkaplan Locations: Wall, Silicon, Seattle, Pepperdine University , University of New Hampshire, University of New Hampshire, Spain, Italy
The analysis found that the fully remote companies in the study had head-count growth rates over double those of fully in-person companies. The findings were released against a backdrop of many major companies requiring employees to return to the office full time. This push may lead thousands of Americans to look for work at more flexible companies to avoid expensive commutes and childcare. The study found the average company requiring in-office work asked staff to come in just over 2.5 days a week. Over the 12-month period, fully flexible and structured-hybrid companies grew their workforce by more than double the rate of full-time in-office companies.
Persons: Goldman Sachs, Nicholas Bloom Organizations: Service, Scoop Technologies, Data Labs, JPMorgan, Apple, Society for Human Resource Management, Stanford, Disney, Company Locations: Wall, Silicon
Remote or hybrid work is here to stay: Bauke Group president
  + stars: | 2023-08-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemote or hybrid work is here to stay: Bauke Group presidentStanford’s Nicholas Bloom and Bauke Group’s Julie Bauke, join 'Power Lunch' to discuss the future of work from home.
Persons: Stanford’s Nicholas Bloom, Bauke, Julie Bauke Organizations: Bauke
Employees see flexible workplaces as an equivalent benefit to an 8% raise, WSJ reported. In some cases, employer pressure to return to in-person work results in employee efforts to unionize or strike over the rollback in benefits, according to Entrepreneur magazine. Insider previously reported work stoppages seen have the highest level of public support since 1965. Some employees, like an Arizona administrator making six figures, have quit altogether when called back to the office, Insider previously reported. Research by Prithwiraj Choudhury, an associate professor at the Harvard Business School and remote work expert, found that employees who worked from home 75% of the time were the most productive, Insider previously reported.
Persons: Nicholas Bloom, Prithwiraj Choudhury Organizations: Service, Disney, JPMorgan, Guardian, Labor Department, Actors Guilds, Employers, Street, Workers, Stanford, Harvard Business School Locations: Wall, Silicon, Arizona
What’s the Status of Flaunting Your Status?
  + stars: | 2023-07-22 | by ( Guy Trebay | ) www.nytimes.com   time to read: +2 min
“We are collectively spending more time checking out what the rich and famous are doing and less time on what Barry from H.R. and Sandra from accounting were up to last weekend,” said Nicholas Bloom, the William D. Eberle professor of economics at Stanford. “Wealth porn,” Stellene Volandes, editor in chief of Town & Country, termed such postings. And as with any permutation of adult entertainment, it’s free online: Anyone can watch. Yet their excesses were noted by a relative few.
Persons: , , William Norwich, The New York Post’s, Hermès Birkin, Barry, Sandra, Nicholas Bloom, William D, Eberle, Karlie Kloss, Josh Kushner —, Slack, Kloss, hoi, Kushner, David Geffen’s humongous, Stellene Volandes, predacious, tycoons, Lacroix Organizations: The New, Stanford, Spotify, Town, Reagan, Metropolitan Museum of Art’s, New York Times Locations: The New York, facto, Calabasas, H.R, Grenadines
Enter the co-working space, which allows for a bit of everything. From shopping malls to private mansions to hotels and gyms, co-working spaces are becoming more creative in the remote work era — with a boost from startups building platforms to connect companies with spaces for rent. Airstreams and yurtsThe dominant co-working venues for years were WeWork and other communal spaces in downtown office buildings. Gilbreath from Liquidspace said that co-working spaces have expanded outside urban cores and financial districts, and rental spaces are becoming quirkier. “Co-working spaces have usually been centrally located in big buildings,” said Amina Moreau, founder of Radious, which calls its business the Airbnb of office rentals and meeting spaces in residential areas.
Persons: it’s, , , Prithwiraj Choudhury, Nicholas Bloom, Bloom, can’t, Jacob Bates, Mark Gilbreath, WeWork, Liquidspace, Amina Moreau, ” Moreau Organizations: New, New York CNN, Harvard Business School, Stanford University, Companies, US General Services Administration, Mobile, Minneapolis Grain Exchange Locations: New York, San Francisco, Chicago, Denver, Montreal, Minneapolis, Portland , Oregon,
Your employer may be quiet quitting on you
  + stars: | 2023-06-27 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
Some bemoaned it as quiet quitting; others celebrated it as a much-needed correction to the toxic demands of hustle culture. But employees, it turns out, aren't the only ones distancing themselves from the office: Employers are quiet quitting on the whole idea of traditional full-time employment. If workers are going to be remote, the thinking seems to go, why not get the cheapest remote workers available? That ruled out contractors, because contractors work remotely. And that could be a huge problem for everyone, given America's insistence on tying basic benefits to full-time employment.
Persons: Nicholas Bloom, Slack, they're, , Gen Zers, It's, Bloom, they'll, Jessica Schultz, she's, Schultz, They're, it's, Liz Wilke, Aki Ito Organizations: Atlanta Fed, Stanford University, McKinsey Locations: American
Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.
Persons: , Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn
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