Remote work largely 'here to stay,' economist says

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Amid record COVID-19 case numbers and hospitalizations as the Omicron variant continues to surge — with experts warning of the dangers of new potential variants — remote/hybrid work models for companies are more popular than ever.

And while business leaders around the world may be warming up to the idea of remote work as a staple of modern labor, Peterson believes there are still some concerns with regard to sustaining productivity and growth.

“[Remote work] is something that I think CEOs have accepted and understand that there's going to have to be a balance,” Peterson said. “While they're more open to allowing remote work, there's still very high concerns about culture.

According to Splash’s survey, 74% of large companies held virtual employee trainings last year, along with 58% and 55% of small and mid-sized companies, respectively. Peterson believes that it is important for companies to consider how they define productivity in this new age of remote work. “We are going to have to think more about what defines productivity, because it's no longer ‘fannies in seats,’” she said. “It's really about how much people are producing and whether or not they're able to continue to be innovative. And some of those are intangibles.”

 

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