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Mastering Remote and Hybrid Work from Stanford Professor and Global Thought Leader | Nick Bloom
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Is the traditional office becoming a thing of the past? In this episode, we sit down with Nick Bloom, Stanford professor and LinkedIn’s Top Voice on Remote Work, to uncover the transformative shifts in our work models that accelerated throughout the pandemic. With two decades of research behind him, Nick provides an in-depth look at how technology has revolutionized remote and hybrid work environments. We explore the rising popularity of hybrid work models, the slowdown of the return-to-office movement, and practical advice for executives and managers navigating this new terrain.
Discover how different organizations are uniquely adapting to remote work, from consulting firms to call centers. Nick shares valuable insights on how to balance flexibility with performance and the profound benefits of remote work. We dive into the importance of tailored approaches based on job nature and organizational needs, offering crucial recommendations for both startups and larger companies who are embracing or considering hybrid models. Furthermore, we discuss the challenges of managing hybrid and fully remote teams, and the impact of these models on diversity, equity, and inclusion (DEI) initiatives.
We close out the episode discussing mental health, employee retention, and the economic reshaping due to the "donut effect.” Join us for an enlightening conversation and stay ahead of the curve in the evolving landscape of the future world.
What You’ll Learn:
• The balance between flexibility and performance
• How to tailor hybrid work for various roles and organizations
• The benefits of remote work that equate to an 8% pay raise
• Strategies for integrating successful remote work practices into your organization
• The crucial role of choice and flexibility for mental health
• Solving the mystery of remote onboarding
• The ongoing shifts in workforce dynamics and hiring practices
Podcast Timestamps:
(00:03) - Leading Remote and Hybrid Teams
(10:29) - The Future of Hybrid Work Arrangements
(17:04) - Remote Work Benefits and Considerations
(20:28) - Strategies for Remote Work Integration
(33:06) - Remote Work – Impacts on DEI and Productivity
(43:40) - Mental Health and Remote Onboarding
(52:00) – The Future of (Remote) Work
More of Nick:
Nick Bloom is a professor in the Department of Economics and, by courtesy, at the Stanford Graduate School of Business. He co-directs the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research (NBER) and is a fellow at both the Centre for Economic Performance and the Stanford Institute for Economic Policy Research. Bloom's research focuses on management practices, working with McKinsey & Company and Accenture to gather extensive data and conduct management experiments, and he has extensively studied the impacts of large uncertainty shocks on the U.S. economy. He lives on the Stanford campus with his wife and three children, maintaining a multi-lingual household influenced by his London roots and his Scottish wife.
LinkedIn: https://www.linkedin.com/in/nick-bloom-86b79510b/
Key Topics Discussed:
Remote Work, Hybrid Work, Nick Bloom, Future of Work, Technology Advancements, Managing Work, Job Satisfaction, Employee Retention, Inclusion, Mental Health, Onboarding, Hiring Practices, Work Dynamics, Productivity, Flexibility, Connectivity
More of Do Good to Lead Well:
Website: https://craigdowden.com/
LinkedIn: https://www.linkedin.com/in/craigdowden/
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