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☆ Half of Americans would take a pay cut to work remotely — and many are willing to give up vacation days, survey finds
▼ + stars: | 2024-03-13 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Many workers are willing to take pay cuts, increase working hours, or give up benefits for remote work. AdvertisementIt turns out that remote work is still valuable — at least for prospective employees. And they're willing to pay for that ability: Half of workers surveyed said they would take a pay cut for the policy. AdvertisementA majority of workers also reported being willing to move elsewhere for work if given the chance to work remotely. AdvertisementJay, an elder millennial, previously told Business Insider that he took a $35,000 pay cut so he wouldn't have to live near his office.

Persons: —, they'd, Millennials, that's, Nick Bloom, Jay, Insider's Aki Ito Organizations: Service, Stanford, WFH Research, Workers, Harvard Locations: Washington

☆ Return to office is 'dead,' Stanford economist says. Here’s why
▼ + stars: | 2023-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"Return to the office is dead," Nick Bloom, an economics professor at Stanford University and expert on the work-from-home revolution, wrote this week. The share of paid work-from-home days has been "totally flat" this year, hovering around 28%, said Bloom in an interview with CNBC. "We are three and a half years in, and we're totally stuck," Bloom said of remote work. Why remote work has had staying powerThe initial surge of remote work was spurred by Covid-19 lockdowns and stay-at-home orders. While remote work is the labor market's new normal, there's significant variety from company to company, Pollak said.

Persons: Nick Bloom, Bloom, hasn't, Julia Pollak, Pollak, it's Organizations: Stanford University, Survey, CNBC, Census, Research, Finance, Employers Locations: U.S

☆ You're more productive in the office, say elite CEOs. Data seems to back them up.
▼ + stars: | 2023-09-03 | by ( Tom Carter | Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

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

☆ 80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’
▼ + stars: | 2023-08-11 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

After three years of haphazard plans for getting workers back at their desks, the return-to-office movement has entered a phase of remorse. Envoy interviewed more than 1,000 U.S. company executives and workplace managers who work in-person at least one day per week. Kathy Kacher, a consultant who advises corporate executives on their return-to-office plans, is surprised the percentage isn't higher. "A lot of executives have egg on their faces and they're sad about that." The 'great resignation' to the 'great regret'As some business leaders accept hybrid work as a permanent reality, others are backtracking on earlier pledges to let employees work from home on a full or part-time basis.

Persons: Larry Gadea, it's, Kathy Kacher, pushback, Kacher, Who's Organizations: CNBC, Alliance Services, WFH Research, Disney, New York Times, Research, Companies Locations: U.S, BlackRock, New York City

☆ Airbnb CEO Brian Chesky calls out RTO mandates from execs 'going away to the Hamptons' and Europe this summer
▼ + stars: | 2023-05-13 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

In an interview earlier this week, Airbnb CEO and co-founder Brian Chesky pointed out that a revival of return-to-office pushes are often coming from executives with the most amount of flexibility. Of course, Chesky is incentivized to encourage remote work, which can allow people to work while traveling for extended periods of time. He said monthly stays make up one-fifth of Airbnb's business and are one of its fastest-growing segments. Even so, senior-level workers generally get more flexibility in when and where they work. Check out: Bosses think in-office work 3 times a week is ‘the magical number.’ ‘It’s not,’ says CEO

☆ This is the No. 1 state for working from home, according to new research
▼ + stars: | 2023-04-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The share of people working remotely tripled during the Covid-19 pandemic: In 2021, 17.9% of U.S. employees primarily worked remotely, up from 5.7% in 2019, the U.S. Census Bureau reports. But that number has dwindled in recent months as more companies including Disney, Amazon and JPMorgan Chase & Co. require employees to return to the office. As of February, 12.1% of U.S. workers reported that they are fully remote, compared to 60% of people who are on-site and 27.8% who have a hybrid arrangement, according to recent data from WFH Research. Some places, however, are more conducive to remote, flexible work than others — that's at least according to a new report from WalletHub, which identifies the best and worst states for working from home. WalletHub also considered how large and crowded homes are in each state, as well as the share of people working remotely on a full or part-time basis.

☆ Here are the top 10 states to live in if you want to work remotely, according to a new study
▼ + stars: | 2023-04-16 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

Remote work remains popular, but the opportunities seem to be dwindling. For those who want to or already do work remotely, WalletHub ranked the 50 states and Washington, D.C. For those who still work remotely — about 12% of US workers according to a recent report from WFH research — personal finance website WalletHub recently released a ranking of the best states for remote workers in 2023. It divided a set of a dozen metrics into two categories with differing point values: work environment and living environment. Living and work environment scores were used to create an overall composite score per state.

☆ These are the top 10 cities to find a remote job
▼ + stars: | 2023-04-15 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Fewer people are working from home today compared with the last few years, but remote work is continuing to reshape major cities across the U.S. Nationally, roughly 12% of job openings explicitly allow remote work at least one day a week, according to data from WFH Map, a group of economists and researchers measuring the lasting impacts of remote work, and Lightcast, a labor-market analytics firm with access to online job postings across the nation. Markets with labor shortages and a high share of job vacancies are more likely to have openings that will allow remote work, compared with cities where hiring has returned to pre-pandemic levels. When compared with international counterparts, the share of remote job openings in the U.S. is similar to what's being offered in Canada, Australia and New Zealand, hovering around 11% to 12%. The U.K., meanwhile, stands out with about 18% of jobs open to remote work as of February.

☆ Big city restaurants and bars are missing office workers' spending on Mondays and Fridays
▼ + stars: | 2023-02-24 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +5 min

Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. According to data collected from June to November, the per-person reduction in spending in New York City was $4,661, followed by $4,200 in Los Angeles and $4,051 in Washington, D.C. In-person work days declined the most, 37%, in Washington, compared with pre-pandemic levels, followed by Atlanta at 34.9% and Phoenix at 34.1%. The Bureau of Labor Statistics found in a study that increased remote work results in a reduction in foot traffic for urban centers. There was a reduction in remote work in January to about 27% from 29%, though he predicts remote work levels will not drop below 25% in the near future.

☆ Your work's favorite happy hour spot wants you to come back to the office. Here's how remote work is costing big-city restaurants and bars billions.
▼ + stars: | 2023-02-24 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

Restaurants and bars in big cities are reducing hours and closing as remote work cuts in on weekday traffic, CNBC reported. The problem extends to smaller cities as well, like Baton Rouge. Hybrid and remote work is costing big cities billions in lost revenue, and restaurants and bars are bearing much of the brunt. Restaurants in Baton Rouge are offering customers deals like $15 three-course, dine-in lunches, WAFB reported. "It will have pros and cons," Jake Polansky, Baton Rouge Area Chamber's economic and policy researcher, told WAFB.

☆ Hybrid workers earn more than remote and in-person workers, according to new research—here's why
▼ + stars: | 2023-02-10 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Hybrid workers who spend one to four days in the office a week earn more than people with fully remote or in-person jobs, according to recent data from WFH Research. The research, conducted by Jose Maria Barrero, Nicholas Bloom, Shelby Buckman, and Steven J. Davis, found that hybrid workers make at least $80,000 per year on average. For remote jobs, companies can source candidates from places that have a lower cost of living, whether it's a different state or a different country altogether, reducing their hiring costs and, in turn, remote workers' earnings, Julia Pollak, chief economist at ZipRecruiter, points out. People in remote jobs are also more willing to take a pay cut in exchange for better work-life balance, Pollak says. Citing workers' willingness to sacrifice higher pay for greater flexibility, Barrero expects the pay gap between remote and in-person workers to shrink in the coming months — but hybrid workers will continue to earn the most.

☆ Bosses are increasing RTO requirements, but experts say it won't stick: 'We're at an inflection point'
▼ + stars: | 2023-01-20 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

More corporate bosses could follow Iger's lead with fresh RTO mandates, says Caitlin Duffy, director of research at Gartner. Plans to boost in-office days unlikely to pan outSo far, most hybrid policies expect workers in offices two to three times a week. But requirements increasing in-office days are unlikely to become a norm, experts say. As of January, workers say they want to work from home for 2.8 days on average, versus employers planning to allow 2.3 days remote. Some leaders are expanding remote work to keep their workers happy with their jobs and pay, Bloom says.

☆ A record number of parents are missing work due to a 'trifecta' of kids sick with COVID, flu, and RSV. It leaves them vulnerable as a possible recession looms.
▼ + stars: | 2022-11-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

104,000 Americans missed work in October due to "childcare problems." The record figure was driven by many children falling sick COVID, the flu, or RSV. In October, a record high 104,000 Americans missed work due to "childcare problems," according to Bureau of Labor Statistics data dating back to 2003. KPMG Chief Economist Diane Swonk attributed the record rise to a "trifecta of kids filling ICUs with RSV, flu and out sick to COVID." Have you missed work recently due to childcare needs and are willing to discuss how it has affected your family financially?

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