Study finds hybrid work benefits companies and employees

A study led by Stanford economist Nicholas Bloom reveals that employees working from home two days a week are as productive and likely to be promoted as fully office-based peers. The research, conducted at Trip.com, a major online travel agency, found that hybrid work had no impact on productivity or career advancement but significantly increased retention rates, reducing resignations by 33%. The study, published in Nature, emphasizes the benefits of hybrid work for both employees and companies, highlighting improved performance and retention. The findings challenge the notion that remote work hinders productivity and innovation, suggesting that well-managed hybrid models can maintain mentoring, culture, and innovation levels. The research, based on a randomized controlled trial, underscores the advantages of hybrid work arrangements for businesses, with Bloom asserting that 80% of U.S. companies now offer some form of remote work. The study's comprehensive analysis of hybrid work involving university-trained professionals provides valuable insights for organizations considering similar approaches.