Paul Hill, Ph.D.’s Post

We just updated our SWAA firm-age and work from home analysis, finding a steep slope in firm age and WFH. Three implications: 1) The future is more WFH - younger firms are choosing higher levels of WFH. As these firms age and grow this will expand across the economy. 2) WFH aids business growth - one likely factor is higher WFH makes it substantially easier to retain and recruit employees. 3) The pandemic was a watershed - there is a jump from 2019 onwards. I suspect the pandemic cohort of firms will look forever different. We will keep collecting data to see :-) Survey data: www.wfhresearch.com

Not surprising but interesting nonetheless.

Great information from Nick Bloom (as always) ... While we believe the future of work is more and more flexible (WFH/WFA), we are still amazed at how many companies fail to recognize the business growth correlation. As more companies recognize the correlation, the faster the shift to WFH. #remotework #remotejobs #futureofwork

The future is more WFH - younger firms are choosing higher levels of WFH. As these firms age and grow this will expand across the economy. WFH aids business growth - one likely factor is higher WFH makes it substantially easier to retain and recruit employees, driving growth. The pandemic was a watershed - there is a jump from 2019 onwards. The panemic cohort of firms will look forever different. #Survey www.wfhresearch.com

What is the benefit of working from home (WFH) worth to you? The following survey helps quantify an answer. I found the following findings most interesting. - US employees who have worked from home at some point since 2020 equate the value of hybrid work to a 7.6% pay raise. - Employer Plans for WFH Trend Near 2.3 Days per Week for Persons Able to Work From Home - By Mid-2024: 12% of Full-Time Employees Were Fully Remote, 61% Were Full-Time on Site, and 27% Were in a Hybrid Arrangement - Working from Home is Most Prevalent in Finance, Tech, and Professional and Business Services Sectors - Younger Workers Value WFH More Than Older Ones https://lnkd.in/gAzd9DVU

🏠 The Future of Work Isn't Just Hybrid - It's a New Economic Force I just reviewed the latest WFH Research data (Oct 2024), and the numbers are striking: Workers value hybrid work so much that they'd need an 8% raise to return to full-time office work. For current hybrid workers, that number jumps to 10%. This isn't just about preference - it's about fundamental economic value. Think about it: In what other scenario would workers willingly take a 4% pay CUT to maintain a work arrangement? Key insights from the data that real estate professionals need to understand: • 28% of paid workdays in the US are now WFH days • 27% of full-time employees are in hybrid arrangements • The pandemic accelerated WFH adoption by what would have taken 40 years at pre-pandemic rates This is all interesting, but here's the real kicker for anyone following the real estate space: These demographic patterns are reshaping our market in real-time. Workers with children value hybrid work significantly more than those without. Younger workers (who represent our future homebuyers) place a higher premium on WFH flexibility than older generations. The implications for residential real estate are profound. We're not just selling homes anymore - we're selling hybrid-ready living spaces. The home office isn't a bonus feature; it's becoming as essential as a primary bedroom. 🎯 The Bottom Line: When workers are willing to take a pay cut to maintain hybrid work, we're witnessing a fundamental shift in how Americans value their homes and workspaces. This isn't a trend - it's a structural change in the residential real estate market. Source: https://lnkd.in/gXmXCtXn #RealEstate #FutureOfWork #PropTech #HybridWork #WorkFromHome

The conversion around full remote, Hybrid or full in-office continues to heat up. But what about those teams or industries that have required employees to be in-office/at work throughout the past 4 years? This research by ITAM, Stanford University, and Hoover Institute shows the value placed on Hybrid work models by varying employee types. When the value is framed in an increase in pay to be fully in office, the results show the value being a range from a desired 2% pay increase to an 11% increase. As someone who leads a fully in-office team within an organization that offers Hybrid options, it's hard to navigate the feeling of being "other'd" with your peers. The costs of commuting and the loss of time with family or working on well-being are hard to quantify. Are you a leader experimenting with paying not just for performance but for in-office requirements? I'd love to hear what lessons you've learned and what successes you've had. #EmployeeExperience #FutureOfWork #HybridWork #InOfficeCulture #RemoteWork #Leadership #WorkplaceWellbeing #WorkplaceCulture #Compensation #EmployeeEngagement #TalentManagement

Are you making the most of the gig economy? Given the greater challenges with keeping skilled labor, which will be more costly for your organization: Creating projects and tasks to set up your lowest performing employees for success, or hiring and training skilled technicians only to watch them walk out the door? Not only does 4Work help your B and C level employees do A level work; project visibility allows you to track productivity down to the task. This insight allows for a more efficient division of labor. You can analyze the day, the week, the month, the quarter, the project — with detailed line item data. The sky's the limit on how you can use it to tackle both the threats and the opportunities to the success of your business. Scaling your operations and projects is paramount in the gig economy. More man hours are often spent on back office coordination than actual project work. Accucode managed to reduce our back office hours down 15% of what it formerly was. Lighten your overhead and reduce the need for highly-skilled labor with much better visibility for all parties: your employees, customers, and yourself. Contact Accucode about 4Work today. #4Work #Gigeconomy #labor #tasking #efficiency #analytics 

What if we told you that work model immensely affects the division of domestic labor? For example, couples who work from home have an significant gap in household work. In remote/ hybrid work, women handle almost of 72% household chores, while men take on the remaining 28%. This is just a fraction of results we gathered during Clockify & CAKE.com campaign. Go to the original post to get the report.

Due to widespread data skills gaps, businesses are seeing significant productivity loss — adding up to an average of roughly 25 working days per employee per year — for data-related tasks, according to an Aug. 5 report from Multiverse. Although data has become integral to most job roles, employees often lack fundamental skills to use it effectively, the report found. About half of workers struggle with efficient data analysis, process automation and forecasting. “[E]mployees are spending hours each week, struggling in spreadsheets,” Euan Blair, founder and CEO of Multiverse, said in a statement. According to an analysis of Multiverse data for 12,000 employees across 18 industries in the U.S. and U.K., workers spend about 14.3 hours per week on data tasks, making up 36% of their workweek. Multiverse Blog – Employment and Labor Market – Canada – July 2024 - https://lnkd.in/gNW4zBJd