NEW HAVEN, Connecticut ¨C There is no shortage of hyperbole in the debate about whether companies should demand a full return to office work.
According to Citadel¡¯s Ken Griffin, the hedge fund owes its record-breaking $16 billion haul last year to its . But such sound bites ignore all the benefits that remote work offers to employers, employees and the economy more broadly.
Naysayers dismiss employees¡¯ preference for remote work as a manifestation of entitlement or ¡°quiet quitting¡± (doing the bare minimum to remain employed). But that snap judgment is far too crude. A by Harvard University economist Raj Chetty¡¯s Opportunity Insights lab estimates that there are around 2.6 million people in the United States who should be working, but are not. At a time when many employers cannot fill vacancies, offering greater flexibility both increases the applicant pool and contributes to higher retention rates, easing the pressure on hiring.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.