, like Jamie Dimon of JPMorgan Chase, are intent on making working from home a relic of the pandemic. Staff at America’s biggest lender and other Wall Street stalwarts like Goldman Sachs are finding that five-day weeks are back for good. Big tech companies are also cracking the whip. Google’s return-to-work mandate threatens to track attendance and factor it in performance reviews for rebellious employees.
Fresh data from a global survey shows just how far this consensus has broken down. Across the world, plans for remote working by employers fall short of what workers want, according toResearch, a group that includes Stanford University and the Ifo Institute, a German think-tank, which has tracked the sentiment of full-time workers with at least a secondary education in 34 countries. Corporate bosses fear that fully remote work dents productivity, a worry reinforced by a slew of recent research.
Yet all the pressure from above has done little to dent employees’ appetite for remote working. Workers want to be able to work more days from the comfort of their living rooms than they currently do, according toResearch. On average, workers across the world want two days at home, a full day more than they get. In English-speaking countries, which already have the highest levels of home-working, there is an appetite for more.
Continued desire for more remote work is not surprising. The time saved not having to battle public transport or congested roads allows for a better work-life balance. On average, 72 minutes each day is saved when working remotely, which adds up to two weeks over a year, according to a working paper* by Nicholas Bloom of Stanford, who helps runResearch, and colleagues. Employees also report that they feel most engaged when working remotely, according to a poll last year by Gallup.
Until recently, as firms tried to lure workers during the post-pandemic hiring bonanza, employees’ demands and employers’ plans seemed to be converging in America, the best-studied market. This convergence is tailing off . At the same time, the pandemic has entrenched work-from-home patterns. At the moment, a third of workers surveyed byIt is no coincidence that the crackdown on remote work is happening as the labour market begins to cool.
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