Hybrid work, pay raises and the AI revolution in the labor market

According to the results of a yet unreviewed experiment at Trip.com, those employed in a hybrid work model were happier and less likely to leave the company than those who worked only in the office, and the overall productivity of both groups was the same. Meanwhile, a series of studies, for example, on call centre employees and IT specialists, showed that fully remote employees are usually approximately 10-20% less productive. According to researchers from the University of Oxford, academic teams working in the same place make more breakthrough discoveries and are more creative. This study analyzed 20 million scientific articles and 4 million patent applications.

Generation Z no longer intends to work at home – only 11% of those surveyed by Seramount declare their willingness to work entirely remotely. Among older employees, 34% of respondents would like to work exclusively from home. Meanwhile, according to the American Staffing Association (ASA) and Harris Poll, 66% of Generation Z representatives intend to ask for a raise in 2024. The same intention is shared by 67% of Generation Y, 51% of Generation X and 42% of Baby Boomers, who are trying to keep up with the growing living costs.

True to the principle that “AI won’t replace you at work, but someone who knows how to use it can,” almost half of the senior managers surveyed by Deloitte said their companies are training and upskilling employees to prepare to integrate artificial intelligence in the workplace, acquire other companies already using AI tools and recruit for positions focused on artificial intelligence.