Will Remote Work Continue in 2023?

tech.hindustantimes.com:

If the US job market continues to weaken next year, companies will be emboldened and may pull back on letting employees work remotely.

Executives generally fall into two camps on working from home, which surged during the pandemic when workers gained leverage during a tight labor market. Some believe it has advantages, like happier employees, while others say company culture is built in the office.

“There's a genuine divergence between organizations,” said Melissa Swift, a workforce transformation leader at consultant Mercer. “You're starting to see companies pick sides.”That said, remote works looks like it's here to stay. Gallup projects that about 75% of remote-capable workers will be hybrid or fully remote in the long term. 

Here are the top reasons why experts say remote work will continue in 2023: 

Allowing remote work is crucial for retention.

Hybrid work boosted employee satisfaction and productivity, slashing attrition by 35%, according to a study published this summer by researchers at Stanford University, the University of Chicago and the Instituto Tecnológico Autónomo de México.

“Employees experienced new levels of fulfillment working from home, and it has been hard for companies to justify walking that back,” said Caitlin Duffy, research director at consulting firm Gartner.

Meanwhile, turnover has become an expensive problem as quit rates remain above pre-pandemic levels. In a labor market that remains tight, many companies can't afford to hemorrhage talent. That's especially true for high performers, even if the economy sours, according to Prithwiraj Choudhury, an associate professor at Harvard Business School.

“In any economic environment, top talent always has outside options,” said Choudhury, who studies remote