The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage

Sojung Yoon; Jason Chan; Jinan Lin; Tingting Nian

The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage

Sojung Yoon, Jason Chan, Jinan Lin, Tingting Nian

Information and Decision Sciences

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

The abrupt closure of offices during the COVID-19 lockdown has allowed millions of workers to discover advantages of remote work and led to disruptive transition from conventional office settings to remote arrangements even as the pandemic recedes. However, for firms to determine whether or not to offer remote work as a permanent working arrangement, it is essential to understand how workers value and respond to remote working opportunities. In this paper, we construct a novel dataset that comprehensively details firm-level job postings and individual-level wage records and employ difference-in-differences estimation (i.e., logit and panel regression) to examine the impact of remote work on workers' turnover and salary outcomes. Our main analyses indicate that, after the lockdown has been lifted, the propensity of switching is positively influenced by provision of remote work. Furthermore, workers who switch to remote work accept lower wage than those in onsite workplaces.

Original language	English (US)
Title of host publication	International Conference on Information Systems, ICIS 2023
Subtitle of host publication	"Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies"
Publisher	Association for Information Systems
ISBN (Electronic)	9781713893622
State	Published - 2023
Event	44th International Conference on Information Systems: Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies, ICIS 2023 - Hyderibad, India Duration: Dec 10 2023 → Dec 13 2023

Publication series

Name	International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies"

Conference

Conference	44th International Conference on Information Systems: Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies, ICIS 2023
Country/Territory	India
City	Hyderibad
Period	12/10/23 → 12/13/23

Bibliographical note

Publisher Copyright:
© 2023 International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Hu. All Rights Reserved.

Keywords

digital disruption
post-pandemic
remote work
turnover

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Yoon, S., Chan, J., Lin, J., & Nian, T. (2023). The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage. In International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies" (International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies"). Association for Information Systems.

The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage. / Yoon, Sojung; Chan, Jason; Lin, Jinan et al.
International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies". Association for Information Systems, 2023. (International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies").

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Yoon, S, Chan, J, Lin, J & Nian, T 2023, The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage. in International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies". International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies", Association for Information Systems, 44th International Conference on Information Systems: Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies, ICIS 2023, Hyderibad, India, 12/10/23.

Yoon S, Chan J, Lin J, Nian T. The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage. In International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies". Association for Information Systems. 2023. (International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies").

Yoon, Sojung ; Chan, Jason ; Lin, Jinan et al. / The Value of Remote Work in the Post-Covid Era : An Empirical Assessment of Employee Turnover and Wage. International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies". Association for Information Systems, 2023. (International Conference on Information Systems, ICIS 2023: "Rising like a Phoenix: Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies").

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AB - The abrupt closure of offices during the COVID-19 lockdown has allowed millions of workers to discover advantages of remote work and led to disruptive transition from conventional office settings to remote arrangements even as the pandemic recedes. However, for firms to determine whether or not to offer remote work as a permanent working arrangement, it is essential to understand how workers value and respond to remote working opportunities. In this paper, we construct a novel dataset that comprehensively details firm-level job postings and individual-level wage records and employ difference-in-differences estimation (i.e., logit and panel regression) to examine the impact of remote work on workers' turnover and salary outcomes. Our main analyses indicate that, after the lockdown has been lifted, the propensity of switching is positively influenced by provision of remote work. Furthermore, workers who switch to remote work accept lower wage than those in onsite workplaces.

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The Value of Remote Work in the Post-Covid Era: An Empirical Assessment of Employee Turnover and Wage

Abstract

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Bibliographical note

Keywords

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