Pivot Future of Work: Why Remote and Hybrid Are Here to Stay
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Mar 27, 2024 
Nick Bloom, a Stanford economics professor known as the 'Guru of Remote Work,' shares his insights on flexible work arrangements. He argues that remote and hybrid models benefit both employees and companies, predicting their continued rise. Bloom discusses how AI will transform collaboration, the importance of mentorship in hybrid settings, and the balance between in-office work and remote flexibility. The conversation ends with a humorous take on sports culture and its surprising ties to the future of work.
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Profitability of Remote Work
- Remote work, especially hybrid, is profitable for companies, reducing turnover and office costs.
- Fully remote work is cost-effective for back-office staff, allowing national or global hiring.
Remote Work Demographics
- Roughly 30% of US workers are hybrid, coming in 2-3 days a week, often Tuesday-Thursday.
- 10% are fully remote, primarily back-office staff and some tech workers, while 60% never work remotely.
Generational Preferences on Remote Work
- Stanford undergrads prefer in-office work for mentorship, socializing, and limited home space.
- Older professionals with families favor hybrid models (2–3 days in office) for flexibility and work-life balance.