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  4. Remote Work Is Hurting Productivity, New York-Area Firms Say
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Remote Work Is Hurting Productivity, New York-Area Firms Say

(Bloomberg) -- More New York area service firms think remote work is hurting productivity than helping it, according to a survey released by the Federal Reserve Bank of New...
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Remote Work Is Hurting Productivity, New York-Area Firms Say © Reuters. Remote Work Is Hurting Productivity, New York-Area Firms Say

(Bloomberg) -- More New York area service firms think remote work is hurting productivity than helping it, according to a survey released by the Federal Reserve Bank of New York.

Among firms from a wide range of industries outside of manufacturing, 30% reported a negative effect on productivity, while 20% indicated a positive effect. The remaining half noted little change, per the data released Tuesday.

The findings of the survey -- which polled 150 business executives in the tristate area, who are typically considered proponents of in-person work -- are at odds with other data that’s shown remote work has been beneficial to productivity. Research has also found that the practice can improve job satisfaction and even lower quit rates without harming productivity, which is generally defined as output per hour, or one’s efficiency in completing a task.

Nearly 70% of service firms and just under half of manufacturers said they had expanded remote work options relative to before the pandemic, the New York Fed survey found. That’s allowed nearly 16% of service-sector businesses to reduce their real estate footprint, and another 11.4% anticipate further shrinking over the next one to two years.

Almost 30% of service employees were estimated to now be working remotely at least some of the time, with most doing so on Mondays and Fridays. Businesses say employees are currently working remotely an average of 3.3 days a week, and they see that moderating to 3.2 days a year from now.

©2022 Bloomberg L.P.

 

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

Moving Avg:

Buy (10)

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USD/CAD

1.3780

+0.0003 (+0.03%)

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↑ Buy

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Buy (7)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

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Silver Futures

26.677

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

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Brent Oil Futures

85.62

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S&P 500

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DAX

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17,763.03

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10,854.40

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49.155

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Bayer AG NA

27.35

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Allianz SE VNA O.N.

266.60

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Sell (12)

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Adidas AG

226.40

-5.90 (-2.54%)

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Buy (0)

Sell (12)

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Buy (2)

Sell (7)

Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

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Siemens AG Class N

175.90

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15.010

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Buy (6)

Sell (2)

    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
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Dầu hỏa 2-K20.68021.090
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KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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