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What’s going on:
A new research paper published by Stanford’s Institute for Economic Policy and Research has found that fully remote work is associated with 10% to 20% lower productivity than fully in-person work. The research, led by professors Jose Maria Barrero, Nicholas Bloom, and Steven J. Davis, indicates that challenges in communicating remotely and lack of motivation are the main issues preventing fully remote workers from being more productive.
Why it matters:
This research is significant as it challenges the popular notion that remote work is as productive, if not more so, than traditional in-office work. It also provides data that could influence company policies regarding remote work, potentially leading to a push for more hybrid work models.
How it’ll impact the future of work:
The findings could lead to a reevaluation of remote work policies, with companies potentially investing more in training for remote communication and motivation strategies. It could also result in a greater emphasis on hybrid work models, which the researchers suggest have no impact on productivity and improve recruitment, retention, and morale.
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