Jose Maria Barrero is an applied economist with interests in finance, macro, and labor, and currently an Assistant Professor of Finance at ITAM. He studies how businesses forecast the future, and how they make decisions and adapt to uncertainty, real options, and a shifting economic environment. He is also a co-founder of WFH Research, a project that studies the shift to working from home and its implications for businesses, managers, and workers in the United States and around the world. He has a BA in Economics and Mathematics from the University of Pennsylvania and a PhD in Economics from Stanford University.
According to ADP’s recent “People at Work 2022: A Global Workforce View”, 64% of the workforce would consider looking for a new job if they were required to return to the office full time with more than half willing to take a pay cut.
Despite remote working being largely beneficial, remote workers are at risk of feeling lonely, isolated & disconnected which in turn can create high staff turnover and low productivity. Furthermore, the business needs to balance the expectations of the employee with the need to have in-person contact to deliver outcomes which technology cannot replace such as innovation and creation.
How can you create a hybrid model which successfully promotes trust, choice and productivity?