We study workers’ and employers’ preferences for remote work, distinguishing between hybrid and fully remote arrangements. Using discrete choice experiments with over 10,000 workers and 1,500 employers in Poland, we find a shared preference for hybrid over fully remote work. However, workers’ estimated benefits from remote work fall significantly short of employers’ estimated costs, with average gaps equivalent to 5.2% of earnings for hybrid work and 24.6% for fully remote work. Only 25-35% of employers – those with positive views on remote work productivity and high-quality talent management – value remote work costs in line with workers’ willingness to pay, particularly in non-routine cognitive occupations.