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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns
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New surveys reveal the demographics of employees still working remotely—and who’s running back to the office

By
Amber Burton
Amber Burton
and
Paolo Confino
Paolo Confino
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By
Amber Burton
Amber Burton
and
Paolo Confino
Paolo Confino
Down Arrow Button Icon
April 11, 2023, 7:51 AM ET
Woman sitting on a desk using a laptop computer while working from home.
The share of U.S. employees working from home rose from 5.7% in 2019 to 17.9% in 2021.Getty Images
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Good morning!

More than three years after companies adopted pandemic-related remote work policies, many are calling workers back to the office. So, who’s still working from home? Well, if the latest data is any indicator, it’s a mixed bag.

The share of U.S. employees working from home ballooned to 17.9% in 2021, from 5.7% in 2019, according to the U.S. Census Bureau’s American Community Survey data. But that number has dwindled over the past year as large corporations mandate in-person work to promote collaboration and productivity. 

Although the Census Bureau has not released a more recent estimate, 12.1% of workers reported working fully remotely as of February 2023, a Stanford University study found. A significant portion (28%) of those working from home are in hybrid arrangements rather than fully remote positions. 

Nicholas Bloom, a Stanford economics professor and cofounder of the Working From Home Research Project, says that while flexible work policies are declining, he still sees a record number of remote-friendly job postings in major cities like Atlanta, Boston, Chicago, and New York City.

Young millennials, in particular, are increasingly working from home. The percentage of people working remotely between the ages of 25 and 34 rose from 16% in 2019 to 23% in 2021, according to the American Community Survey. In that same period, the percentage of remote Black and Asian employees increased from 7.8% to 9.5% and 5.7% to 9.6%, respectively.

Surveys also suggest that more tenured workers want remote arrangements. Seventy-nine percent of workers over 40 say remote and hybrid work has become a requirement for them, and 66% say they will only accept a job with a hybrid work policy, according to a recent survey by AARP. 

However, Gen Z, the youngest workplace cohort, is practically running back to the office. Many say they perform most of their work in the office, and they have a stronger preference for in-person work compared to other generations, according to Morning Consult.

Amber Burton
amber.burton@fortune.com
@amberbburton

Reporter's Notebook

The most compelling data, quotes, and insights from the field.

Last week, two judges released contradictory orders about the abortion drug mifepristone. Jen Stark, codirector of the Center for Business and Social Justice, offers advice for how employers should respond.

“Companies should speak up to the media when asked how the issue affects their workforces," she says, adding that business associations can sign amicus briefs, engage privately with lawmakers, and provide safety in numbers.

Around the Table

A round-up of the most important HR headlines, studies, podcasts, and long-reads.

- More workers are taking parental leave due to increasingly generous employer policies and state regulations allowing more time off. Wall Street Journal

- The lack of casual exchanges with coworkers in the office could leave Gen Z without some vital skills needed for collaboration and networking. BBC

- LinkedIn reorganized its entire platform to put skills front and center in the hiring process. Fast Company

- A common problem companies face in curbing burnout is an initial lack of awareness. Quartz 

- A new trend in corporate recruiting sees companies encouraging employees to act like influencers on social media. Forbes

Watercooler

Everything you need to know from Fortune.

Gen Z milestone. For the first time since entering the workforce, just about half of Gen Z works in the office full-time. —Jane Thier

Living room layoff. Some employees prefer to be virtually laid off because it allows them to process the news in private. —Chloe Berger

The Great Rebalance. Promising labor department data released last week has dampened some economists’ fears of a possible recession. —Will Daniel

Unhappy meal. In addition to laying off employees last week, McDonald’s demoted others and reduced their pay. —John Edwards

This is the web version of CHRO Daily, a newsletter focusing on helping HR executives navigate the needs of the workplace. Today’s edition was curated by Paolo Confino. Sign up to get it delivered free to your inbox.

About the Authors
By Amber Burton
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Paolo Confino is a former reporter on Fortune’s global news desk where he covers each day’s most important stories.

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