The remote-working revolution: how to get it right
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- Опубліковано 14 тра 2024
- It’s likely working from home is here to stay-for some workers, at least. But this “new normal” will have long-term implications for the relationship between employers and employees-from tax, to employment law, to physical and mental health.
Read more of our coverage on business : econ.st/3weF8t0
Listen to our podcast “Homework: the future of the office”: econ.st/3ddJo3u
How pandemic is affecting working mums: econ.st/39tCOVr
How Africa is adapting to remote working: econ.st/2PaOshd
Can working remotely boost productivity? econ.st/3u953Ro
Why are remote workers spending more on housing? econ.st/3fnWUUU
How remote work is affecting teamwork: econ.st/3w6i8wx
Can companies adjust salaries for remote workers? econ.st/3dp6cNY
How bright is the future of the office? econ.st/2QIoRMM
What does the future of work look like after the pandemic? econ.st/2QS9Vfe
How can offices survive? econ.st/3u7tIWa
What was home working like in the 18th century? econ.st/3ddNecU
Can working in the office ever be the same? econ.st/3wdOmWI
Zero human interaction, living the dream.
You got thst right lol Next is to send the robots to work while I collect cash lol
I’ve worked from home for years, I love it. It’s always been one of the first benefits I’ve looked for. I’d never take a job that didn’t offer it.
i WFH for around a year too. sad thing is no meal allowance, travel allowance anymore. and meetings and communcations between colleague becomes much much more difficult
@@thewolfofswingthat2035 you don't have teams call? When I was in the office, I would leave for lunch or take a walk around the block. "Much much more difficul"t to reach me than when I'm at home and I hear the teams call on my computer.
nice to read from you
Are remote employes overwork then in office employes?
@Muad'Dib how many hours per week a remote dev has to work?
Why would companies do a pay cut when they are benefiting from the savings in office rental? Pay cut should be tied to performance, not physical distance.
Because they want to maximise profits and know they can get away with it
Looks like Google and Amazon will start calling back their employees to offices in fall
The companies profit from the savings on amenities and it has been proven that home office is more efficient than working in the office in the majority of cases. Based on that I do not understand the narrative of taxing home office workers.
Pay is tied to cost of living in the area. You move to a cheap area so your pay gets cut because you don't need as much to live on.
Also I don't see any mention of the cost to the employee to run remote office.... starionery... internet... % of rent or mortgage or is it possible to claim those expenses through taxes.
“Money doesn’t buy experience”. Is the dumbest thing I’ve ever heard.
I can buy fun experience like a vacation but not work experience like working through an issue as a team.
Ikr? I don't know many people who could afford to work from Barbados.
"you're on mute" most used phrase across the world, since 2020.
"Mute yourself" is probably second, at least top five...
nice to read from you
Should be a T-shirt. You will make money..From Home...another T-shirt..😀😀
I think the most used phrase is „can you hear me?“. It occurs like 10x in one meeting, „mute yourself“ only 1-3x.
Hahaha!!
money can't buy you experience - says the person who could buy their way to Barbados during covid :P
She's certainly saving money by being there.
I was literally about to comment the exact same thing. 🤣
yes, I think she doesn't realise how money got her there in the first place
@@danielmartinezdowsett4776 I think she does. btw Barbados visa is not very costly. They are quite affordable if you are working generally in tech and much cheaper than Icelandik visa
nice to read from you
For some like her it’s a privilege for someone like me who lost my job is a nightmare. I’m not the only one
I don't want to go back to pooping next to coworkers in the office bathroom...and I bet the world agrees.
Especially ones who talk on the phone while they are pooping
I personally love the WFH experience. Wish I could stay like this forever...
@Muad'Dib does anyone in the company do any sort of lab work or it all tech based
Amen.
Covid19 is not only about working from home, but either working from home and doing homeschooling. Homeschooling makes it a tough challenge for working parents.
Agree on this. Only lucky for us that we have our in-laws also doing homeschooling. 🤔😅
My wife started homeschooling our kids over 10 yrs ago. School have been hybrid or blended for the past 5 yrs plus. She works part time now but still home schooling the kids. This year, I will take over while she goes back to work full time. I found that I have gift of teaching ppl. Will homeschool these teenagers and add my homeschool skills to market myself as a coach. Perhaps out sourced myself as a homeschool contractor! I am most happy teaching ppl..from sharing home improvement tips to giving directions for basic or complicated tasks. I thought being able to put myself in the learners mind is built in everyone but I discover I am wrong.
That little joke at the end was a nice, unexpected touch
I guess the advice we need is how to prevent cats from sitting on our keyboards while WFH
Yep. Or stop them from video-bombing conference calls. The struggle is real :)
We spent a lot of our life at work, so remote working is about enjoying more control of your life. Many people don't understand; Economics works for us, not the other way. round.
I guess the rest of us, the essential workers of the world, are just suckers. The people you depend on to deliver your meals so you can stay home in your pjs.
@@luddity how is everyone not a winner? People can spread out more, less traffic, less pollution and cheaper housing. Customer facing jobs are moving to the web. Driverless cars and drones offering new more flexible options for essential workers to stay in their pjs. Why not have more time with friends and family and meet up when you can make the most of it.
It seems like every public policy question should be, ‘ what are the Scandinavians and Finns doing and how can we adopt that?’
The answer is always higher taxes.
Only if you're a complete imbecile
@@Beekeeper8011 Higher taxes is only hated by highly individual people. I tend to believe we can do more TOGETHER - but that only works when corruption is under control. As an American, the corruption from lobbyism cuts off our ability to leverage tax dollars in a way that benefits all, so I don't feel optimistic raising taxes will be fruitful. As a German resident, I'm relieved to have the social services made available from my tax money. (Though, it's important to note that although I have free healthcare, unlimited sick days, and a myriad of other benefits I feel so thankful for, folks in my tax bracket are not paying more in Germany than they would be in the States .... food for thought.)
@@taylorcarter8383 the USA is over 30 trillion in debt but only collects 4 trillion in taxes. We never could afford all these services. It was always a fantasy, and now that the welfare state is going bankrupt we either raise taxes on the middle class to pay for the amount of government we're willing to pay for or we make substantial cuts to government programs. Oh, and lobbyists don't corrupt governments. Governments are the ones with the muscle and force corporations to pay their "protection money" or else they give deals to their competition.
@@taylorcarter8383 I'd also like to add that none of these services are free. All government spending is a tax. Either the taxes paid by actual taxes that the government collects or it's paid by money printing, which devalues the currency. Either way all government spending is a tax.
And now Barbados has the influx of people who don’t care about others’ safety and feel that because they’re in paradise that they can do as they like. A headache for the people of such countries.
nice to read from you
Their governments did it and their people voted for their governments. It is not like they are illegal immigrants.
as a freelance web developer myself for years, I think it's easier for us who works from the computer all the time but for other jobs, it would be so difficult
What was once a luxury is now a necessity
Been WFH for a while and will never change (except for business travel of course that I used to do regularly).
Ruining your time in commute and money for lunch to listen a paper pushing manager tell you what to do literally with your life, no thanks, I am too old for kindergarten.
been WFH hybird since 2014, it's not a big deal. When in the office we would GTM intraoffice just to save time. I glad the world has caught up.
Hopefully companies will allow WFH as an option after the pandemic. Those who want to go back to the office can, and so can those who want to WFH, as long as people have the necessary hard and soft skills to make the most out of where they work.
Work is NOT only about getting work done!!! It’s a social bubble, an incubator for ideas, exchanging thoughts, talking, networking, honing skills, learning from one another. 2 days WFH is enough, you also HAVE to be present.
Work is NOT supposed to be a social bubble. One can physically be in the office and still NOT be present.
I don't know with that but it has always been GETTING WORK DONE for more tha 20 years. I don't really care about any social bubble or whatever.
@@BlondeQtie Nope, thats such an outdated way of thinking and false. I've been remote working for YEARS as web developer with clients and that wouldnt be possible if i have to be "present" to discuss, analyse and build ideas. We are in 2022 and tech has largely replaced the unnecessary need for hours long commuting and soul draining office experience trying to bond with people who you dont really care and vice versa.
Remote working as a new normal will also open up the marketplace to entire people who have disabilities, be it mental and physical.
@@BlondeQtie You go to the office then.
I agree with Mr. Williams.
Paycuts or risings for people, who are working from home (In Germany we say homeoffice), are a question for the market. 👍
As a person with disabilities, (in a country that has generally poor accessibility) I was already on flex-time before the pandemic. Initially, my employers reduced my pay when I started to work flex-time. After a few months it was realized that my productivity had not suffered from the arrangement; I was reinstated to full pay. With the coming of pandemic, I am basically working from home full time.
It would have been interesting to see how persons with disabilities are faring in the work place in a world a world gone remote. Do they face the same stigmas? Has the need for more people to work remotely made it any better for them, or is it limited to those who 'lift mentally'?
I love this feedback from your perspective, this is encouraging. Thank you.
It is great for my work but it gets lonely when everything else is in lockdown.
Exactly, WFH would be way more awesome outside of a lockdown
nice to read from you
@Muad'Dib free to socialise after work, go out at the weekends etc
WFH great if you live in a mansion! Painful if you are in a flat share in London (so imagine the size) without living room, with noisy flatmates and neighbors and are forced to turn the room you sleep and eat in into an office. 😅
I moved back to my home town from that situation and I will never look back. London is just a big hole you throw your money into and never get established.
nice to read from you
Lol I worked at home for one year and it was too extreme but I now that I am back I do miss the convenience so I voted to do alternate rotations when post pandemic happens because it was discussed that the company is considering what we want.
In our all company virtual meeting (7K employees) the CEO said that WFH has been a fantastic success and that most employees will be allowed to continue it most of the time. However, he was adamant that everyone live in the same state as their office. He does not want to open the can of worms with cross state taxes. I was actually planning to move to Tahoe - a vacation area right on the border between California and Nevada. Made a quick mental note to stay on the California side.
How would he know?
@@GuinessOriginal Exactly. People move and just use a relative or friend address.
@@GuinessOriginalyour IP address can give away your physical location unless you use a vpn
@@Fede45454 isn’t it illegal for companies to do that? Sounds like an breach of your privacy to me
@@Fede45454 and it’s definitely not land of the free
As a guy who's in his early twenties and at the start of his career, I feel wfh might lead to smaller or even non existent social circles. Thoughts?
It's more likely that socialising norma will simply change...
I agree. The non-work interactions to me feel like they will go down simply and a lot of social bonds are built during those nonwork times. If we try to call someone it's usually with a purpose and seen as a waste of time if it does not fulfil that purpose. So I would think we would be forced to look at other avenues in our lives such as hobbies and clubs to try and substitute the work interactions. But I also think the work interactions were meaningful in a manner that the new interactions will not be able to capture
Personally I detest using work as a social club. I moved home from a city during the pandemic and I'm many times happier in my home town with family and real friends.
Socialising outside of work is not going away and will pick up after the pandemic is over.
I shudder with the thought of being crammed into an expensive box of an apartment in a soulless city with fake friends.
I hate wfh..
It is a huge opportunity. Hopefully the world will change; more time; less pollution; more control. Online meetings are better, easier to take notes, screen shots. I imagine there will be more onus and effort for work social events... if you are at work, there is less effort. It is a new environment, better if you make a little effort, we will all adapt... just as we do with all progress. Flexibility means less demands on specific locations, which should also provide better more affordable living spaces.
As someone living in the UK, the comment about broadband stabs right at heart 😭
Same here in Germany
@@utkarshgajpal5866 Germany's broadband is so far behind it is unreal.
I love work from home, sometimes I do cat-nap and get back to my work and get far more task done than I thought.
However, these luxury can be considered in developed world. I still think that it may not be feasible in developing countries, surprisingly they will still be pandemic phase even when developed countries will be out it.
Just love when the children and the pets show up on screen !
When you work from home, you have to be absolute about the boundary between work and not at work.
If you can't sever the connection and be *OUT* when you are off work, you will end up working far more hours and will not be paid extra for those hours.
yeah i work only 8h per day. no exception.
@@asadb1990 7.4 :-)
turn off the computer, put your phone on do not disturb
I wish I had seen this earlier since this was also the question I was asked during my IELTS test three days ago.
One biggest concern some need to think about is network. Working in Barbados or any other fancy location could mean working with limited network at times considering network connectivity to Internet may not be best compared to western countries.
Baby money buys you experience. If you were working as a labour or any operator instead of Microsoft. Do you think you would have fly to Barbados and experience it
lol, staying in barbados is alot cheaper than living in seattle.
@@leotestoy486 still it's not free , right
@@leotestoy486 cheaper than Seattle, more expensive than a lot of places in the world.
One possible solution about covering issues like, health, insurance, expenses, allowances would be working first hand with employees in developing an accurate budget, and tackling things 1by1 that would be also a way to give your human resources more confidence about working from home and abroad, but also a trustworthy exchange of value, tracking and monitoring is not about looking for misbehavior, but a way of improving productivity that must be accompanied by rewards.
Can we have WFH hubs like quasi-offices near one’s home..
That's happening, co-working is going to be massive post pandemic (psst... Invest in wework and ucommune)
Great segment!
WFH is the best thing that could have happened for the vast majority of those people who had or still have the privilege to do so. I would happily take a pay cut to permanently WFH.
Why on earth would you take a pay cut, for doing the same amount of work (if not more). Especially when you consider that by working from home, you are already saving the company money.
@@bobthebuilder6188 because corporations are run by greedy jerks, that's why? The point is not why would I take a pay cut, the point is that I would literally pick WFH over a percentage of my pay if that is what it takes to permanently secure it. That is how badly I and many others want WFH, especially permanent WFH.
@@info_bot agree, especially WFA - work from anywhere! Hello Thailand and Bali, can I come in please?
@@MF_JONES ditto!
Well produced video! 👌👌
Great video and insights. When the lady at the very end said "I would take a pay cut if that's what it took to remain in Barbados" I felt like saying "Shut up! Shut up! SHUT UP! Do NOT let your employer hear that!!!!!!"
I read that a large, new trophy office building that was just completed here in the DC area has gone into foreclosure. So there is that.
This only applies to office-based workers. Carpenters, mechanics, lab workers and the like don't necessarily have the privileges of full-time WFH.
I work as a caregiver in Canada, and I am currently trapped (by law) within the boundaries of my local "Health Authority" for the foreseeable future. But at least I know I won't be replaced by a robot.
Obviously. The same with frontline service and workers.
MOST workers aren’t able to WFH. Cashiers, Janitors, Laborers, Gardeners, Electricians, Plumbers, Nurse, EMT, Firemen, Policemen, Servers and Bartenders.
Yet the office population is complaining because their coworker talks to them or they have to drive 20 minutes to get to work.
If your job can be done remotely then your job can be outsourced. Companies will catch on. Wages will begin to lower while company profit will increase
Lower incomes mean lower spending/demand...
Lower overhead costs.
I see your point but not all jobs that can be performed from home can be outsourced. Some jobs such as law for instance, requires specific qualifications and bar admittances so this cannot be outsourced to anyone who does not have the specific practice licence or qualification and even if you do, there is not much wiggle room to reduce the salary paid to such outsourced employees.
Pretty insightful actually... That's a bit worrying
I think the companies that get it right will end up providing a range of flexible options from a full time desk, to a mix (one to four days per week) to full time remote. There are those who need the structure and the commute while some will want the flexibility to put some effort under the table, on a rainy Sunday, and enjoy a bit more of the sun on a working weekday. Companies that run on project work, where effort against milestones is easily measured, are going to be better suited to flexible condition since they are mainly measuring a worker based on allocated work, timeframe and quality of output (in other words seeing the work getting done without necessarily caring when/how). Hard not to feel for those at the bottom of the ladder though - I don’t see how anyone mentoring fresh starters can be 100% WAH.
@Hello Jason how are you doing?
i love wfh but i seem to learn less on the job
HAHAH love the "you're on mute part at the end
12:54 but... this woman knows most people can't afford to move to Barbados right?
🇧🇧 is super expensive
I love The Economist or financial time is very informative!!!
And the fun is that have the relevant legal cover for WFH doesn't need to take years but this not defined atmosphere may help to many employers to create a pressure on employees. Let's be hones there are not that many of them who really, genuinely care. Because money first.
In the Philippines some of my friends and my cousin would rather work in the office than work from home. They work 10 times more at home than in the office. It's tiring and very stressful. They work from 6 or 7am until 2 or 3am in the morning. They get paid overtime but not all the time. My cousins co worker quit and their management didn't hire a new one because they can do the job anyway.
We should be on about a 26 hour week by now.
Paying to work from home sounds like a bad idea that would not be well received. It would be very easy to game the system to achieve a status that meant you had to work from home. As a clinician, I would be interested in seeing the health impact in more detail.
Watching this as a construction worker : Awwww, cute.
Yeah buddy keep on breaking your back. We'll see how well your back is in your 40s and 50s.
@@DrFuzzyxFuzz You're kind of making his point genius
loved the joke at the end so apt 👌🏿
At least the software companies should allow permanent WFH with teams meeting for a week every quarter to fulfil the human interaction and emotional connect.
I love work from home! The best thing that happened to me these times.
This is far from over because the debate lately was should employers pay for employee’s utility bills or consider it mutually compensated as a cut from commuting expenses
LOL!!! What debate? That's absolutely ludicrous
If you take away the commuting time, I feel the argument is a lot more balanced.
Personally I prefer working from the office, but it has lost a lot of the spark as it now feels like I'm in a call centre with constant meetings all day everyday.
For me, if everyday could do atleast two days in the office per week, it would help a lot for those not wanting to work from home as instead of a 30 mintue call we have a 5 mintue conversation at our desks.
We should let work that can be remote go fully remote completely
One major pitfall is missing the daily commute to and from the office! Also, you miss your manager micromanage you and your work. Miss making small talk with your coworkers too.
sarcasm?
I love working from home.
We are losing so many resources, ideas, learning and exchange when working ONLY from home. Work isn’t only about „getting work done“. Juniors will be left behind with no training on the job, no seniors to learn from, going crazy with their 11 qm bedroom in a shared flat. It has to be limited!
@Bercilak de hautdesert A daily commute of 4 hours is insane. My commute is 18 min one way. You can move closer to your work place, it also reduces commute.
who animates this video? I like it
Nice - that has actually occurred to me before; how the senior-level employees are even now more successful in their career because they're working-from-home in their nice peaceful houses with dedicated office-space, whereas entry-level business analysts like myself who are just earning enough to get by are stuck in our apartments and having to deal with neighbors below/above/next to you all day!
My dad is senior level and he goes into the office every single day. It's the "entry level" employees who are refusing to come back to the office, they even started a petition 😂
I'm curious, does permanent WFH also mean you can do it anywhere in the world? If I'm a high paying web developer in California and I move out of state to a place with dirt cheap living costs, isn't that violation state wages, state tax and Federal tax?
If you move somewhere cheaper your wages are adjusted accordingly 😂
Nice video.
You're mute! Most common phrase in online meeting... hahaha
"Internet is the world's largest library but all the books are on the ground". This joke was relevant during the first few months of the Internet. Six months later, Yahoo and the first search engines solved the problem. Remote work is going to make life easier for a lot of people who don't want to waste 2 - 3 hours a day in the traffic jams, people from poor areas with limited opportunities within their reach and people who don't like to pay half their paycheck to rent a small studio in a big city. As for the potential problems that will arise from progress, let's give markets some time to do their work before we start discussing regulations...
Well said
Not everyone is that happy working from home in Finland. I'm 48 and all of my friends are fed up with the lack of real interaction and professional support from colleagues etc.
I tried this work from home stuff and it’s been not so agreeable with my colleagues. I find you interesting in this topic
Even with Zoom?
interaction is much easier when people are visible/available vs hiding behind a computer at home
Well, time to ditch the nation-state idea even more, while making sure the service sectors are protected. Some people cannot work from home...
I love work from home but never got a chance.
i really wonder how the average Finn would react to working in an average American job. I can't imagine their jobs are nearly as hard driven. I feel like here with the tight deadlines and ungodly expectations for productoivity, work/life balance sometimes really isn't an option.
You missed an important point
*FURTHER ATOMISATION OF SOCIETY*
Could you please elaborate on that ?
Remote work came to stay, without no doubt!!
Guys, you need to remember that small and medium enterprises are the largest providers of jobs not large firms.
How many ads? Christ.
I am more productive WFH and prefer it way more than working from an office. Most of my meetings pre-Covid were virtual due to stakeholders spread across the US.
🇧🇧 is super expensive tho! 🥲
I notice the word law is used many times. This is incorrect .it's a maritime admiralty rules of the sea, as all monetary contracts are written in maritime, even your employment contract, so already every one is being ,miss led, therefore how can you trust what you're being told if you do not know the basics of your employment contract?
Support for work and women's rights. - India.
Nothing new it has ben a thing where I live since 2017?
When you need to learn, just write and ask... much more simple...
Work from home would be the new normal.. how would the future turn out to be?? Well working from hometown should be encouraged. The property rates are going to the roof and living in cities are becoming difficult
No new taxes!😤💯
My work has employes sign out during blackouts, but you have to stay by your computer and wait for the power to come back on.
Horrible.
I mean if you play along with that BS.. I sure wouldn't. At my last workplace we'd stick around for a bit to see if it comes back and when it didn't we'd get the rest of the day off. I guess it'd be fair to say you check in every hour to see if it's back but not wait around at your desk.
Implement Better follow me cameras. Our living room TV can get a bigger screen and be more natural to observe rather than a laptop screen
Developing countries don´t need any more ¨digital nomads¨ or Western people working from ¨home¨ full time. They typically don´t pay taxes in the developing country, the real estate prices sky rocket and indirectly force locals out of their cities, and they also tend to stay closed off in their expat group. This means they dont get local information as quickly and basically live a life in a bubble.
Things get complicated when it's more than 6 months, if you stay less than 6 monhts that's fine.
But things should be less complicated and countries should find a way to solve the taxing problem.
How is the current forced work from home situation going to affect the way the younger generation views work and companies? Will the companies try to force the younger generation into the old mold or will companies be flexible and open?
where do you learn the essential job skills necessary to work at home?
Self-discipline is a skill learned from infancy.
Literally anywhere
Anything related to a computer
They are to found on ONLYFANS
Background music makes it hard to listen.
Interesting that they chose Barbados years after 3 close friends of mine disposed of their 5 weeks of timeshares due to the rise of crime there.
I hope that ending was genuine because it was hilarious 😂😂
Why there has to be legislation about remote work? Can just employees and employers decide based on their specific conditions?
It's always the bare minimum to protect those who can't negotiate for all kinds of reasons including inexperience.
8:09 How can you compare countries such as Luxembourg vs. Germany? The former has literally no industry and can easier work from home. It's like comparing Fox News vs. Economist :-)
Ireland introduced to the right to switch off yesterday.
What's that?
I work for a digital bank in London and working from home was a nightmare. I paid much more for internet, electricity, water, coffee etc. and the tasks assigned doubled.
So great to see Dona in Barbados - especially as I know how she is working to benefit women there.
After the pandemic, now I need glasses
really? how old are u?
i actually feel its better for my eyes WFH because i get to take a break and look far and rest my eyes , and i also get to pick the position of my desk so that i can put my desk near a window.
I didn't know banks write tax laws
I work as a manager..I don't care about anything.. Pandemic, heavy rain,others rainfalls..I will have to go to lovely a enterprise ..