Working from home is loved by employees all over the world, even if Wall Street hates it

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Working from home is loved by employees all over the world, even if Wall Street hates it
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Workers don’t want to come back to the office — and that’s true across countries and industries, a research paper says. Find out more.

The problem is that workers don’t want to come back — and that’s true across countries and industries, according to a research paper published Wednesday by an international team of economists, including Stanford University’s Nicholas Bloom, who’ve been gathering data on remote work since the early days of the pandemic.

Workers say they’re more productive at home, would quit their jobs or look elsewhere if they are forced back, and would take pay cuts to maintain the remote option, the study found. It’s based on surveys in mid-2021 and early 2022 of people in 27 countries, skewing toward higher-income employees.Article content

The shift to remote work “benefits workers,” the researchers wrote. “The reason is simple: Most workers value the opportunity to WFH part of the week, and some value it a lot.”On average, people surveyed by the research team currently work about 1.5 days from home each week. Employees in countries where commutes are typically longer tend to place more value on time working from home.

Workers said they’d take a five-per-cent pay cut, on average, to keep working from home. Women — who are more likely to be primary care-givers for children or other family members — value the remote option more than men, the study found.Article content

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