š§¬Are hybrid companies playing it too safe? ft Nick Bloom | Ep57 OoO
Companies say no, but the evidence doesnāt lie. Join Andrew and a leading Stanford Economist as they decode the science of remote work success (and failure) for companies across the world.
š Hey, Welcome Back!
The dataās speakingā¦but are you listening?
Fact: Going fully remote is a game-changer - but most companies settle for hybrid models.
Something doesnāt add up.
This week Professor Nick Bloom is on the show to help us explore this hybrid hesitation. Is it a launchpad to a future of fully remote teams, or are companies missing out on a huge opportunity?
Heās seen it all, and heās here to tell us what separates the trailblazers from the rest.
Professor Bloom is a Stanford Economist, a widely published leader in work-from-home research and a LinkedIn Top Voice in Remote Work. Heās won incredible awards like the National Science Foundation Career Award, and the European Investment Bank Prize.
š¬ Nickās been holding remote work under the microscope for two decades, conducting global studies that have helped shift modern perspectives on where and how we work in the digital age.
And you wonāt believe the data heās gathered that companies actively ignore.
āTen years agoā¦ we found that WFH employees were 13% MORE productive.
So, all of our views on how much they were going to goof off were totally wrong. They werenāt goofing off at all, they were massively more productive ā thatās almost an extra day a week, thatās huge!ā
āØ This was the study that helped spark the remote movement.
It challenged the assumption that companies still grapple with today: People wonāt work when theyāre at home.
Itās just NOT true.
āļø WFH does improve productivity!
BUT
ā Poorly managed companies canāt tap into this benefit
And thatās because working remotely is more COMPLEX and requires higher EQ, collaboration and active feedback.
Without regular performance reviews employees canāt thrive. Ā
The media loves to rile people up with sensationalist headlines about employees working three jobs, or outsourcing the work they do.
Because it supports the outdated narrative that productivity plummets when people work remotely ā and people arenāt to be trusted.
šØ But itās a false narrative. šØ
And there is strong evidence that proves WFH saves companies billions when correctly implemented.
Thatās what weāre here to discuss today.
Itās episode 57 and Iām sitting down with Nick Bloom to talk about remote work - and the storied data that has helped us find our way back to effectively working from home.
We take a pragmatic look at the rise of hybrid work, and why companies are still hesitant to go all-in on remote working ā despite the well-documented benefits it clearly delivers.
āThe US macro economy has the best performance data.
Productivity growth from 2020 onwards was 1.6% (1.2% before that) - while we had a global pandemic. What was the miracle thing? My guess, working from home.ā
Wondering whether to bet-it-all on remote work, or straddle the dividing line between office and home in a hybrid arrangement? Then todayās episode is for you.
The data doesnāt lie and itās time you listened.
š½ļø This Week on Episode 57:
š Find out what drives remote success or flops (Hint: itās management mojo)
šø Discover the REAL reasons behind hybrid work hesitation (the hard facts)
š¤ Hear about Yahooās disastrous WFH experiment (+ why Meyer banned remote)
š Find out what flipped Elon Muskās switch (from remote naysayer to yes man)
š Get Nick Bloomās WFH wisdom & choose your companies path (based on data!)
A big thank you to Professor Nick Bloom for appearing on the show and sharing his delightful data and insights with us. We have a renewed belief in the power of WFH productivity.
š” If youāre on the cusp of changing the way your team works, consider the facts.
Watch todayās episode and equip yourself with the most up-to-date information on hybrid and remote models.
Why hesitate? Weigh up the facts then blaze your own remote work trail.
ā” Enjoy!
Never make assumptions -
Andrew
š Featured Guest š
Nicholas Bloom is the William D. Eberle Professor of Economics at Stanford University. Elected to the Bloomberg50 for his insights on working from home, he regularly advises large corporations on things like return-to-office, hybrid work and remote management.
He holds a BA from Cambridge, an MPhil from Oxford and a PHD from the University of London. Nickās also the co-founder of wfhresearch.com and wfhmap.com, where he releases much of his multi-faceted research on WFH.
Heās won numerous awards and is a LinkedIn Top Voice on Remote Work. If youāve seen WFH insights in Fortune, The Economist or The New York Times ā youāve seen his groundbreaking research. Heās not just part of the conversation, heās steering it.
Find him on LinkedIn and Twitter here.
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