Remote work is a permanent fixture in the US
CNBC —
Remote work in the US has become a permanent fixture, with 28% of paid workdays being from home in 2023, compared to 7% pre-pandemic. Office occupancy has flatlined at around 50%. Workers value remote work for its flexibility and time-saving benefits, equating it to an 8% pay raise. Companies benefit from reduced costs and better retention. Remote work is now part of a diverse "hybrid" arrangement, with 47% of employees working from home. The trend is expected to continue beyond 2025, with a potential decline only in the event of a severe recession.