Why Remote Work Is Here To Stay
Although Covid-19 vaccines could become widely available to the public as soon as the second quarter of this year, business leaders must understand that remote work is here to stay.
Indeed, not only will some Americans continue to feel uneasy about returning to the tight confines of an office, but many have adjusted to, and prefer, the telecommuting model — which was already taking hold well before the pandemic gripped the global economy. Rather than view this shift as a challenge, firms should look at these unprecedented events as an opportunity to remake their businesses.
Consider, for instance, that initial studies are showing that remote work leads to greater productivity. Just as promising is how many firms are investing in programs and policies that boost employee wellness and engagement — a key to conquering some of the challenges associated with having a dispersed workforce.
The most obvious upside is being able to slash real estate-related expenses. Free from that burden, firms can deploy more capital on initiatives that drive growth, whether it’s retaining top talent or upgrading aging tech systems.
How companies are ramping up remote work
According to news reports, a wide array of prominent businesses have agreed to allow staff to permanently work from home, including tech giants Microsoft, Facebook, Twitter, Square and Shopify. Even Deutsche Bank is considering allowing remote work two days a week.
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