The Fate of Remote Work
The terms “remote” and “hybrid” work are often used interchangeably. However, the two should not be confused, especially when trying to establish whether the movement toward remote work, which took off at the onset of the COVID pandemic, is here to stay. Remote work involves complete off-site work, often from home, while hybrid work combines both in-office and offsite work, offering a flexible arrangement that includes some days in the physical workplace and others working remotely. This difference has implications for the definition of the employment labor shed. Remote workers are not bound to live in proximity to the workplace, expanding the talent pool for an organization. This has led to several financial initiatives aimed at attracting remote workers into a region to boost local economies. Workers on a hybrid schedule may be able to relocate a bit farther away from the workplace, but they are still geographically limited to locating within a commuting area.