hybrid work

a.k.a. distance work -or- mobile work -or- telecommute -or- remote job -or- remote work -or- work from anywhere -or- work from home -or- WFH

(also refers to a distributed company)

Hybrid work refers to a flexible work model that supports a blend of in-office and work from home. It is an employment arrangement in which workers do not have to commute to an office or central place of work. 

On the a similar note, a company in which all workers perform remote work is known as a distributed company. Many employers offer employees the autonomy to choose if they want to WFH permanently or "do hybrid work" - split their time between their home office and “The Office.”

Historical perspective: Working from home went mainstream when the COVID-19 pandemic hit in early 2020 and millions of office workers were confined to their homes. The pandemic didn't create the hybrid working model, it accelerated the trend which actually started in the early 2000s when the internet became reliable enough to use at home. However during the 2020-2022 pandemic years, hybrid work influenced more than just working arrangements. 

For example, real estate markets like Boise, ID and Flagstaff, AZ got flooded with white-collar workers from high-cost cities like San Francisco and Seattle and while remote work was a financial game changer for the uprooted professionals, it didn't change local incomes so the real estate market in Boise and Flagstaff became "overvalued" by 76.9% and 65.6%.

In 2022, this digitalization trend continued to reinforce hybrid work as 68 percent of employees expect to work from home at least three days a week, according an HP survey of office workers in the U.S. and Canada. This has also produced additional trends such as quiet quitting, the act of not taking your job too seriously and to focus your time on the things you do outside of the office. The term "hybrid work" was NetLingo's Word of the Year for 2022. 
NetLingo Classification: Online Business