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☆ Everyone's talking about RTO. Here's why a leading expert thinks remote work is 'here to stay.'
▼ + stars: | 2024-10-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

Amazon's RTO order has people questioning the future of remote work. Employees respondong to his surveys ranked the right to work from home equal to an 8% pay increase. AdvertisementThe pandemic-prompted right to remote work may be in trouble — Amazon hit headlines last month when it ordered all corporate employees back to the office five days a week from January. But Nick Bloom, a leading expert in remote work, said working from home was "here to stay" as he shared the latest developments in his 20-year research. Bloom concluded his presentation by saying remote work was "here to stay," citing big steps in technology that facilitate it, such as video calls and virtual reality.

Persons: Nick Bloom, —, Amazon's, Bloom Organizations: Service, Stanford University Locations: WFH, COVID

☆ Why remote work has staying power: It's 'still kicking,' economist says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

watch nowSuch arrangements were rare before the pandemic, economists said. While remote work opportunities have waned from their peak, they appear to have stabilized well above their pre-pandemic levels, economists said. "Remote work is not going away," Nick Bloom, an economics professor at Stanford University who studies workplace management practices, recently told CNBC. Why remote work has enduredRemote work has endured largely because it benefits both workers and employers, economists said. Remote work also opens up the pool of potential candidates during hiring, Bunker said.

Persons: Taiyou, Nick Bunker, Nick Bloom, Bunker, Bloom Organizations: Digitalvision, North America, Stanford University, CNBC, Finance, Workers, Research Locations: U.S

☆ Millennials are the reason you can still work remotely
▼ + stars: | 2023-11-26 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Millennials are powering the continued remote work boom, and are more likely to be remote. While Gen Zers and boomers want to go in, millennials are opting to work from home. Going into the office is a desire that cuts across generational lines, unifying groups that aren't often in alignment: Gen Zers, Gen Xers, and boomers. That data paints a clearer picture of how remote work has created new segments of workers. Of course, remote work has been life-changing for some .

Persons: Gen Zers, —, Nick Bloom, Zers, Gen Xers, Bloom, José María Barrero, Steven J, Davis, Stanford, Charles Bond Organizations: Service, Stanford, People, Workers Locations: Southern California, Plenty

☆ 3 unique ways employees and companies are making 4-day workweeks happen
▼ + stars: | 2023-10-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

The four-day workweek is picking up steam as test pilots report promising results. It's led some entrepreneurs and businesses to give the four-day week a chance. Some people are using remote work as a different way to reduce their weekly hours. By November, she and her three remote employees had transitioned to a "quasi- four-day workweek ," she said. More companies may give the four-day week a chance as pilot programs across the globe report promising results and the competition to attract talent persists.

Persons: It's, —, Elly Hurst, Hurst, hasn't, Mark Takano, Robert Burns, workweek, Burns, Jamie Dimon, Drew Angerer, he's, Nick Bloom, Azman Nabi, I've, Nabi, Elly Hurst Elly Hurst Organizations: Service, Democratic, Getty, JPMorgan, Stanford Locations: Maryland, Rochester , New York, India, San Diego

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

☆ Crayola, beloved for its crayons, is getting into selling flowers with a purpose
▼ + stars: | 2023-09-19 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

The crayon maker, a subsidiary of Hallmark Cards, on Tuesday announced the launch of Crayola Flowers, an online flower shop selling bright bouquets and boxed flowers. Crayola is getting into the flower business with the launch of Crayola Flowers, an online marketplace for fresh flowers. Crayola announced it has launched Crayola Flowers, a retail and fundraising platform. Crayola Flowers partnered with Mrs. Bloom's, an importer and distributor of fresh cut flowers. Schorr said Crayola Flowers’ launch was three years in the making.

Persons: Crayola, Bloom’s, ” Warren Schorr, ”, Schorr, Bloom's Organizations: New, New York CNN, Hallmark Cards, Tuesday, Crayola, Nonprofit, Footwear, CNN, American Heart Association, Autism, Brothers, Sisters, America, Humane Society, St, Research Locations: New York

NEW YORK (AP) — The Clinton Global Initiative added gender equity as a pillar of the nonprofit’s work to sound the alarm about the increasing challenges women and girls currently face, Clinton Foundation Vice Chair Chelsea Clinton told The Associated Press in an interview Tuesday. “Whatever the issue -- it’s connected to women and it falls more heavily on women,” Chelsea Clinton said. “We are in this for the long haul for Ukraine, Ukrainians, and for democracy everywhere," Hillary Clinton said. “From the World Food Programme's perspective, the world on fire,” she told former President Bill Clinton. Andres said he was proud to be part of the Ukraine Action Network to help out through World Central Kitchen.

Persons: Chelsea Clinton, Cindy McCain, ” Chelsea Clinton, Hillary Clinton’s, “ we’ve, ”, “, we’ve, Hillary Clinton, Ukraine —, Orlando Bloom's, Don’t, Clinton, ” Zelenska, ” Cindy McCain, Bill Clinton, ” McCain, ” Chef Jose Andres, McCain, Andres, I’ve, “ WCK Organizations: Clinton Global Initiative, Clinton, Associated Press, United Nations Conference, Women, Network, Ukraine, Clinton Global, Ukraine Action Network, World, Kitchen Ukrainian, Lilly Endowment Inc, AP Locations: Beijing, Ukraine, Russia, “, Africa

BOSTON (AP) — The Boston Red Sox fired Chief Baseball Officer Chaim Bloom on Thursday as the team stumbled toward a third last-place finish in four seasons. “We’re aiming for World Series championships. We’re here to win World Series championships. That’s what the Boston Red Sox are all about." After going 86 years without a World Series championship, the Red Sox have won four since 2004, the most for anyone this century.

Persons: Chaim Bloom, “, Sam Kennedy, ” Bloom, Mookie Betts, Betts, Alex Verdugo, Bloom, Xander Bogaerts, Kennedy, ” Kennedy, “ We’re, we’re, John Henry, Tom Werner, Brian O’Halloran “, ”, Eddie Romero, Raquel Ferreira, Michael Groopman, — Theo Epstein, Ben Cherington, Dave Dombrowski, ” Epstein, ___ Organizations: BOSTON, Boston Red Sox, New York Yankees, Boston, Tampa Bay Rays, Red Sox, AL, AL East

☆ US CDC tracks new lineage of virus that causes COVID
▼ + stars: | 2023-08-18 | by ( Deena Beasley | ) www.reuters.com time to read: +2 min

The lineage is named BA.2.86, and has been detected in the United States, Denmark and Israel, the CDC said in a post on messaging platform X. "As we learn more about BA.2.86, CDC's advice on protecting yourself from COVID-19 remains the same," the agency said. The WHO said that, so far, only a few sequences of the variant have been reported from a handful of countries. The new lineage, which has 36 mutations from the currently-dominant XXB.1.5 COVID variant "harkens back to an earlier branch" of the virus, explained Dr. S. Wesley Long, medical director of diagnostic microbiology at Houston Methodist. https://slides.com/jbloom/new_2nd_gen_ba2_variant?ftag=YHF4eb9d17#/12The Omicron subvariant XBB.1.5 is the strain targeted by vaccines in upcoming COVID booster shots.

Persons: Wesley Long, Jesse Bloom, Fred Hutch, Dr, Long, Shivani Tanna, Himani Sarkar, Simon Cameron, Moore Organizations: Science, Trinity College, Reuters, U.S . Centers for Disease Control, CDC, World Health Organization, WHO, Houston Methodist, Fred Hutch Cancer Center, Thomson Locations: Dublin, Wuhan, United States, Denmark, Israel, Bengaluru

☆ The WFH-vs.-office war might be over and hybrid work is winning out, says the nation's top remote-work expert
▼ + stars: | 2023-07-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Researchers explain how both employees and companies can benefit from a hybrid work model. What's more, these data points have leveled off in the last few months, Bloom told Insider. Bloom's paper concluded that hybrid work had a "flat or even slightly positive" impact on productivity and improved employee recruitment and retention. Remote work could rise in the years ahead as technology improvesPer Bloom's most recent estimates, 60% of Americans work fully in-person, 30% work in-person between one and four days per week, and 10% work fully remotely. But Harvard's Choudhury said there's one reason a recession wouldn't crush the remote work movement.

Persons: Nick Bloom, Bloom, Choudhury, Harvard's Choudhury Organizations: Service, Stanford, Harvard Business School Locations: Wall, Silicon

While remote workers are hitting the green on weekday afternoons, productivity isn't dropping. That's good news for leisure businesses and shows remote work has changed people's work structures. While some companies have called employees back to the office, Bloom doesn't think remote work is going anywhere. All those remote workers hitting the green doesn't necessarily mean people are working less. This will raise 'Golf productivity' — the number of golf courses played (and revenue raised) per course."

☆ Remote work could help the US make more babies, have affordable housing, and tackle the mental health and climate crises, a Stanford economist says
▼ + stars: | 2023-03-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Their research spans areas like the birth rate, housing, mental health, and climate change. Leading remote work expert Nick Bloom says it could be part of the solution to four of America's biggest problems. The share of work being conducted from home rose from 5% in 2019 to over 60% in 2020, Stanford economist and leading remote work expert Nick Bloom told Insider. Young Americans' mental health is plummetingTeenagers, in particular teenage girls, are in the midst of their worst mental health crisis in a decade, according to CDC data. Whether remote work will help the US move towards its climate goals remains to be seen.

☆ Amazon's RTO backlash, Google's desk-sharing: Big companies clash with employees over the future of work
▼ + stars: | 2023-03-02 | by ( Cindy Perman | ) www.cnbc.com time to read: +11 min

Amazon CEO Andy Jassy announced recently that employees would be expected to return to the office three days a week in the spring. In less than a week, 14,000 employees had joined the Slack channel and a petition started circulating, demanding the company retract the policy. General Motors, Starbucks, Apple and Twitter are among other big companies that have started calling employees back to the office. Employees resist RTO mandatesEmployers are doing their best to really sell RTO, marketing it to employees using words like collaboration, socialization and free snacks. Employees are a lot happier if they work from home one or two days a week so that boosts recruitment and retention.

☆ 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.

☆ Disney and Starbucks are forcing employees back to the office, but your company is unlikely to be next
▼ + stars: | 2023-01-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Disney and Starbucks are requiring employees to return to the office more often. Even in a recession, many companies would likely stick with their remote working arrangements. Last week, Disney announced that beginning March 1st, hybrid workers will be required to return to the office four days per week, a shift from the company's previous three-days-a-week policy. First, Bloom said remote work "keeps employees happy" and could help companies retain and attract talent as a result. Third, Bloom said his research has found that a hybrid work environment increases productivity.

☆ Stanford work-from-home expert on the 2022 prediction he’s glad he got right: 'It’d be pretty horrifying if I got it wrong'
▼ + stars: | 2022-12-29 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

Long before the pandemic, Nicholas Bloom, a Stanford economics professor, was already studying the most effective work-from-home policies. So, armed with decades worth of research and thousands of pandemic-era interviews, what's the one prediction Bloom says it would've been "horrifying" to get wrong about 2022? With a year's hindsight and additional research, Bloom says this prediction has largely borne out, noting that it felt particularly easy to predict by the end of 2021. In it, he advocated for employee choice with regards to what days of the week they'd work in the office. "There's this famous saying that people overestimate technology in the short run, and underestimate it in the long run," Bloom adds.

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