Barbara Corcoran doubts remote work productivity but supports hybrid models

In the context of evolving workplace norms due to the Covid-19 pandemic, Barbara Corcoran, a well-known panelist on "Shark Tank" and founder of the Corcoran Group, recently discussed her views on remote and hybrid work during a podcast interview. Despite her extensive experience managing employees since 1973, she remains skeptical about the productivity of workers in a fully remote setup. Corcoran conveyed her belief that being physically present in the office fosters a stronger work environment, stating, 'When I'm in [the office], I like my people in.' Nonetheless, she acknowledged the valid perspective of employees who prefer the flexibility of remote work, particularly noting the time saved by not commuting. According to a 2021 survey conducted by Owl Labs, 83% of employees report being equally or more productive when working from home compared to the office, highlighting a significant shift in workplace dynamics. Furthermore, a 2023 study indicated that flexible work models can enhance employee happiness and reduce attrition rates by 33%. This emphasizes the evolving expectations of the workforce in light of recent years. Workplace performance expert Henna Pryor supports the idea that employees can indeed thrive in remote settings but stresses the need for opportunities to maintain social connections. In light of this, Pryor recommends integrating face-to-face interactions into remote and hybrid structures to combat social isolation and preserve essential skills within teams. This push for intentional connectivity illustrates the ongoing balance leaders must strike between flexible work arrangements and the maintenance of a cohesive team environment.