Forward Thinking on how to get remote working right with Nicholas Bloom

The following 10 points were put together by Chase Warrington of Doist:

  1. Companies moving to fully remote are saving 30-50% on their fixed expenses, predominantly in two major categories: office space and salaries.

  2. #remoteworking saves US commuters 60 minutes per day, resulting in an additional 30 minutes invested in their work, which equates to a 2.5% increase in output, per employee, per week.

  3. On days when hybrid workers get to work from home, they experience a 2-3% productivity increase due to the ability to get into deep work mode.

  4. “Organized hybrid” (love this term!) is the new normal, with something like three days of #WFH and two “anchor days” in an office.

  5. Remote-first is very rarely remote-only. Distributed teams are meeting for retreats and offsites much more frequently, and crafting specific spaces for regular in-person collaboration.

  6. A solid WFH strategy is the most cost effective way to attract and retain talent. Employees view the ability to work from home as equivalent to an 8% pay increase.

  7. DE&I is positively impacted by workplace flexibility, affecting demographics well beyond just race and gender.

  8. The two major challenges fully remote teams still need to solve: mentorship for 20-29 year olds and creativity.

  9. 50% of the US workforce is capable of working remote, and 30% of that group wants to work fully remote, while the remainder prefers some form of #hybridwork.

  10. Pre-pandemic 5% of total workdays were being done remotely, today that number has settled in at around 30%, and this figure will continue to increase incrementally going forward.

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