Even Elon loves hybrid now
Evidence shows that remote work is more productive than in-office work, which makes facilitating remote work especially important in a time of cutting costs, since higher productivity means companies need fewer employees to do the same amount of work.
UpdatedMar 13. 2023
Photo: Wikipedia
A study from Stanford University reported remote workers were 5% more productive than in-office workers in the summer of 2020. By the spring of 2022, this productivity gap had increased to 9% as companies continued to improve their remote work practices and invested in technology that supported remote work.
Cost-cutting isn’t the only reason
As part of ongoing cost-cutting measures under new owner and CEO Elon Musk, Twitter is shutting down its Seattle offices and its Singapore officers, instructing employees to work remotely. That’s despite Musk earlier claiming that remote workers are only “pretending to work” and banning remote work at Twitter upon taking it over in early November.
As part of ongoing cost-cutting measures under new owner and CEO Elon Musk, Twitter is shutting down its Seattle offices and its Singapore officers, instructing employees to work remotely. That’s despite Musk earlier claiming that remote workers are only “pretending to work” and banning remote work at Twitter upon taking it over in early November.
So what explains his change of heart?
Apparently, it’s the costs associated with the company’s Seattle office, including rent but also services such as cleaning and security. The fact that Musk - an extreme skeptic of remote work - acknowledged its cost-cutting benefits illustrates the future of remote work for the US economy. It highlights the misleading nature of many headlines that claim an impending recession would lead to the end of remote work, since a cooling labor market will give executives more control to require employees to return to the office. That’s because many employees prefer to work remotely and most executives want their employees in the office.
Apparently, it’s the costs associated with the company’s Seattle office, including rent but also services such as cleaning and security. The fact that Musk - an extreme skeptic of remote work - acknowledged its cost-cutting benefits illustrates the future of remote work for the US economy. It highlights the misleading nature of many headlines that claim an impending recession would lead to the end of remote work, since a cooling labor market will give executives more control to require employees to return to the office. That’s because many employees prefer to work remotely and most executives want their employees in the office.
The impact if a recession
However, the reality is that the impact of a recession on remote work is more complex than simple leverage from a cooling labor market. Of course it’s true that during a recession, employers have more leverage. At the same time, they need to focus on maximizing the return on investment from their employees.(Excerpt from original article)
However, the reality is that the impact of a recession on remote work is more complex than simple leverage from a cooling labor market. Of course it’s true that during a recession, employers have more leverage. At the same time, they need to focus on maximizing the return on investment from their employees.(Excerpt from original article)
Equip your hybrid team. Anywhere.Subscribe to your dream workspace with a click of a button
or let our Interior Experts guide and inspire you – free of charge.
or let our Interior Experts guide and inspire you – free of charge.
Related articles
Mar 13. 2023
Business as unusual – Downsize your office and be a winner
Let’s start with a question: What’s your office usage? 70%? 50%? 20%? It's pretty obvious. Employees are not coming back to the office to the same extent as before the pandemic. This new reality will not go away. Work with it. It’s a great opportunity.Mar 31. 2023
Seven tips on how to create the best home office
Working at home in pyjama pants can be nice for a day or two, but if you do it for a longer period, you need structure and routines to distinguish private life from work.Mar 31. 2023
How to decorate your office in an inviting and inspiring way
An office should be a place where both employees and visitors feel comfortable. A place where you can be efficient while creativity is encouraged.