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While more than nine in 10 employees prefer to work from home for at least part of the workweek, flexible working arrangements aren’t everything when it comes to employee satisfaction and happiness.

What’s more, a 2023 study published in the Annual Review of Organizational Psychology and Organizational Behavior by Edmondson and Harvard Business School colleague Derrick Bransby offers another reason why psychological safety has become more relevant — and acute: The fast shift to remote and hybrid work arrangements.

Having come of age during the pandemic , many Gen Z employees have only ever experienced remote work, said John Bremen, the managing director and chief innovation and acceleration officer at WTW, meaning they’re excluded from traditional watercooler conversations where, for instance, employees remind each other about getting the corporate 401(k) match.

Employers should make sure they are in compliance with the minimum wage laws of all states (and, as applicable, municipalities) where they have employees — a growing concern with the rise of remote and hybrid work arrangements.

Yet, despite their importance, many organizations avoid or overlook the risks associated with the portfolio of compensation arrangements that are used throughout their companies.

Offices of physicians lost 37,000 jobs in February, primarily due to strike activity.

Some companies might benefit from discontinuing merit salary increases and instead focus on paying for performance via the incentive compensation arrangements.

“Dismissed by Degrees,” a 2017 study by researchers at the Harvard Business School , found that 70% of the listings for office-supervisor positions required a bachelor’s degree, even though fewer than 35% of people in those jobs possess one.

On the contrary, close collaboration with local offices is essential for creating relevant benefits programs.

Three Types of Work Arrangements To understand the impact of work arrangements on retirement plan access, Pew divided its survey sample into three categories.