Has Hybrid Work Peaked?

Rise and Fall of Remote Work

The post-pandemic workplace has been largely defined by the rise of remote work. Will the next few years be characterized by its fall?

Consultant firm KPMG US surveyed 400 CEOs of major U.S. corporations and found that most business leaders consider hybrid work more of a passing craze than a permanent change.

Return to Office

Nearly four out of five (79%) CEOs expect a return to full-time in-office work within the next few years, per the report. The percentage rose sharply from a similar survey the firm conducted earlier this year when only a third (34%) of CEOs felt that way.

And the return to the pre-pandemic status quo has already started: Next year, Amazon (AMZN) will require most of its corporate staff to work in-office five days a week, up from the current three.

Costs and Benefits

Business leaders believe working in the office is more advantageous than working at home, KPMG US CEO Paul Knopp told Business Insider. In-person work can potentially open more opportunities for mentorship and development than remote work, which might in turn hurt workers’ chances of being promoted.

On the other hand, workers have gotten accustomed to hybrid work, and turnover rates could increase for companies that don’t offer it. Employers that still offer flexible arrangements may gain a competitive edge in terms of recruitment and retention.

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