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US executives expect remote work to grow again

November 22, 2023

Executives expect remote and hybrid working models to grow over the next five years, according to a new survey. The reasons: employees like it, technology is improving and there seems to be no loss of productivity.

According to an article published in the Harvard Business Review, as remote working technology improves, the percentage of people working from a distance is also growing. Yet evidence suggests that working from home is valued by employees in almost the same way as a salary increase of 8% on average. What’s more, the format helps reduce turnover by up to 35%.

The August edition of the Survey of Business Uncertainty study, conducted by the Federal Reserve Bank of Atlanta (USA) in cooperation with the University of Chicago and Stanford University, asked 595 firms the following question: “Looking forward to five years from now, what share of your firm’s full-time employees do you expect to be in each category in 2028?”. 

Fully in-person/on-site:

  • 2018: 91,6%
  • 2023: 75,7%
  • 2028 (forecast): 72.6%


(full-time employees who work remotely 1, 2, 3 or 4 days in a typical week)

  • 2018: 4,1%
  • 2023: 14,1%
  • 2028 (forecast): 16.3%

Fully virtual/remote:

  • 2018 4,3%
  • 2023 10,2%
  • 2028 (forecast): 11.2%

“While the future extent of remote work remains uncertain, there’s little chance we will see a big return to the office. Remote technologies will only get better, and employees will gravitate to firms with more flexible policies. The biggest clue that the return-to-office push won’t work, though, is the fact that executives themselves privately predict that remote work will keep increasing,” concluded Nicholas Bloom, professor of economics at Stanford University, and his partners to HBR. 

Source: Survey of Business Uncertainty | HBR | Valor Econômico