The Psychological and Economic Effects of Remote Work In The Post-Pandemic World

Abstract

The pandemic altered human behaviour. Offices closed overnight, and millions of people switched to working from home. The globe is still getting used to things three years later. This study examines the economic and psychological ramifications of working remotely in India and around the world. Data from employee interviews, government surveys, and published research indicates that working remotely may be both liberating and stressful. On the one hand, people claim improved work-life balance, increased flexibility, and time and money savings on travel. However, a lot of people experience burnout, loneliness, and a blurring of the boundaries between home and work. In terms of the economy, remote work has helped cities and businesses cut expenses, but it has also resulted in employment losses in support industries like real estate, food, and transportation. Distractions from home and a lack of mentorship present particular difficulties for women and young workers. The study concludes that there is no one paradigm that works for everyone. The best course of action would be hybrid work, which combines office and home days. However, for it to be equitable for all, it requires wise regulations, improved digital access, and mental health assistance