Remote Work

Overview

Also known as "working from home" (WFH), remote work is an arrangement where an employee does not work from a central office with their coworkers, but teleworks instead. Roughly 22% of US workers work remotely at least some of the time.

While the COVID-19 pandemic significantly accelerated the adoption of remote work—the number of US workers who work from home more than tripled from 2019 to 2021—the practice dates back to the 1970s, when the term "teleworking" was coined. Today, 82% of global workers with the option to work remotely work from their residences, while 5% opt to work from coworking spaces, and roughly 2% work from a coffee shop or cafe.

Critics of remote work include top CEOs like Elon Musk and JPMorgan's Jamie Dimon, who argue that working from home decreases productivity and collaboration among team members. Proponents note that companies can benefit from remote work in multiple ways, including generating more diverse and competitive talent pools given that the candidates aren't limited to a single geographical area.

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