Over the past year, millions of women globally have left the workplace due to job loss or child-care demands, resulting in at least $800 billion in lost income in 2020, according to Oxfam International.

As business leaders start to map out their plans for bringing employees back to the office, new data from Catalyst, a global nonprofit that focuses on building workplaces that are equitable for women, finds that long-term remote work options could be the key to retaining more women in the workplace.

Based on a survey of more than 7,400 employees worldwide, Catalyst found that women with child-care responsibilities are 32% less likely to report that they intend to leave their job if they have access to remote work, compared to women with child-care responsibilities who don’t have access to remote work. Additionally, the report found that 30% of all employees say they are less likely to look for another job in the next year if they’re able to work remotely.

“Having remote work access allows people to do their work in the best way possible for them at the best time possible given their schedules,” says Tara Van Bommel, a statistician director at Catalyst. “I think especially for women, who during the pandemic have had to handle child care and schooling, it can give them the flexibility to balance both.”