When employees can work from home, morale improves. Reports show that employees quit less often - saving on recruitment costs. And multiple reports have show than productivity does not suffer in hybrid work arrangements. As a result, many firms are bucking the RTO trend, offering high-paying jobs where people can work from home.

Many workers say they'd take a pay cut to be able to work from home at least a few days a week, according to academic studies. They see work-life balance as the biggest advantage of remote work. Others say they feel less connected to co-workers and see fewer opportunities for mentoring.

Learn more about a recent study that found employees are more and more willing to take a pay cut in service of a more flexible work situation.

A new study conducted by professors at Harvard found that 40% of workers would be willing to take a pay cut to keep working from home rather than return to the office.