A new report from MIT Technology Review, which explored the extent to which different jobs could be supported by AI, found that “between 32 and 50 million US jobs could be increasingly assisted by technology to reduce health risks posted by human interaction and safeguard productivity in time of crisis.” In the longer term, “where AI assistance is currently less feasible […] roles such as cashiers, servers and drivers, whose constituent tasks can be fully automated, may be at risk as retailers and restaurants […] seek to operate with fewer staff.”. Search for publications, programs, event, people and much more... who typically don’t fare well during prolonged periods, 48% of remote workers exhibit more discretionary effort. A recent Gartner poll showed that 48% of employees will likely work remotely at least part of the time after COVID-19 versus 30% before the pandemic. In addition to increased remote work, more workers will seek supportive employers with a track record of doing right by employers. An article by the New York Times on the topic suggests that many firms will resort to a hybrid approach, saying “There could be A teams and B teams working [remotely] different days.” This would then call for companies to introduce proper remote work policies to ensure a strong workplace culture and efficient operations as they work with distributed teams. What can we expect from remote work going forward? Outside the US, a big victory occurred in 2018, when Europe’s largest industrial labor union, IG Metall, negotiated the right to work as few as 28 hours per week for German metal workers. Remote work preferences and policies have been drastically influenced by the COVID-19 outbreak. The truth is somewhere in between, but a greater proportion of organizations are clearly opting for the benefits of virtual offices. Inspiring technologies that can transform your business For individual business executives and teams who are looking to gain a deeper understanding of the latest innovative technologies. In the near future, some organisations will adopt a hybrid-work model, with certain days in the office and others remote, and might align employees’ in-office and remote schedules to create equity. This program is jointly designed by IMD and Swiss federal institute o ... Interestingly, though, and thanks to remote work, employers may be enjoying gains in worker productivity. One obvious hypothesis about the future of working is that for office jobs, it will become disconnected from physical offices. The COVID-19 pandemic is having a profound impact on the present state of work.The crisis is throwing millions of people across the globe out of employment, sending people with good jobs home to work remotely, and exposing millions of front-line workers providing the necessities of life to a deadly virus. The global spread of COVID-19 has led to a rapid shift of companies moving to working from home and relying on remote work tools now more than ever, in an effort to maintain business continuity. These challenges give new importance to worker health and wellness, and for HR and L&D professionals, the future of work will require a stronger focus and a more holistic view of employee well-being . The digital transformation of work has finally arrived. Ltd South Beach Tower 38 Beach Road #17-11 Singapore 189767, IMD Chemin de Bellerive 23 PO Box 915 CH-1001 Lausanne Switzerland Tel: +41 21 618 01 11 [email protected] www.imd.org, Copyright © 2006-2021 IMD - International Institute for Management Development. And some employers may adopt the same attitude. Coronavirus and the Future of Work. A different theory posits that employers and employees starved of interpersonal connections will rebel against remote work. The pandemic will only accelerate this trend. ... (74%) of companies plan to shift employees to remote work permanently after the COVID-19 crisis ends. For corporate wellness programs to reach the same level of engagement as before the pandemic, providers will need to utilize robust, interactive technology to keep remote employees engaged. Although the technology to facilitate remote work has been around for over a decade, COVID-19 has forced hundreds of millions of employers and employees worldwide to engage in a sudden, massive, real-time experiment with remote work arrangements. One financial services company told us it believes a hybrid model (rather than 100% remote) would likely be the working model of choice for many of its employees, who see 100% remote work as unsustainable. Covid-19 has turned the future of work in a new direction, becoming virtual and remote, rather than physical and local. The concept of work as being something primarily done within the four walls of a company’s office will be regarded as outdated. Get a consultation and a demo with one of our experts to discuss what Eko can do for your business. On the minus side, there are possibly more distractions and disruptions, and the lack of physical interaction with colleagues could lead to anxiety, grief and even depression. Eko is the virtual workspace helping teams stay engaged, productive and connected while working remotely. The just released World Economic Forum’s Future of Jobs Report found that more than 80% of employers expect to make wider use of remote work and to digitize working processes. Remote working has further blurred the line between work and personal lives. The workplace of the future: The post-Covid-19 wave of remote working By Sampath Sowmyanarayan 08 July 2020 CIOs need to adapt quickly and plan for the new, flexible remote … Box 915 CH-1001 Lausanne, Switzerland, IMD SE Asia Pte. Among this group, the biggest factor driving this permanent change was the cost-saving benefits of working from home — a factor that they have gotten clear insight on during this current outbreak. Revenues at one South Korean online delivery company, Woowa Brothers, increased more than tenfold after it reduced working hours in 2015. Flexibility and choice to work from anywhere is accelerating As the COVID-19 pandemic drives profound societal and organizational shifts, leaders have the opportunity to return to work by designing the future of work, building on the lessons and practices their organizations executed during the … Although work-life balance has long concerned US workers, especially Millennials, only sporadic gains were achieved prior to the pandemic. For many industries, work will change drastically within the next five years. Although the technology to facilitate remote work has been around for over a decade, COVID-19 has forced hundreds of millions of employers and employees worldwide to engage in a sudden, massive, real-time experiment with remote work arrangements. There is a soaring demand for virtual workplace solutions that help teams continue to collaborate, communicate, and operate as usual. However, that future has arrived sooner than anticipated as many countries, companies and workers shifted to remote working in order to contain the transmission of COVID-19, dramatically changing how we work. Learn how remote work may become the "next normal." In fact, a survey conducted by globally research company Gartner with 317 CFOs and business finance leaders found that 74% plan to move their previously on-site workforce to permanently remote positions post-COVID-19. Software robots to infiltrate the workspace. The technology to support remote work has been around for over a decade, and COVID-19served as a "trial by fire," both for the technology itself, as well as users and support staff. The pre-coronavirus crisis focus on supporting mental health among employees will adapt, establishing new avenues of support as employees are managing large changes in their work and personal lives (health, financial, changed caring arrangements for children and parents) at the same time. With the digital workspace able to truly replicate all the elements of working together in an office, more companies are likely to stick to this as a long-term solution and method of working together as part of their “new normal”. How does the huge shift in workplace behavior that we are seeing now impact how we work in the future? The new normal telecommuting may be a bit more permanent than realized, as 74% of CFOs say they expect to move previously on-site employees remote post-COVID-19, … It is clear, though, that “futuristic” trends are emerging, having been catalyzed by the COVID-19 pandemic. Put bluntly: while many employees thrive in a less structured environment with minimal supervision, others require more frequent “intervention” to keep them focused and engaged. Many believe that this move towards work from home will be a more permanent change, rather than a temporary one. How COVID-19 caused the future of work to arrive early. Some of these workers are, no doubt, enjoying the increased freedom that comes with working fewer hours and/or being able to adjust their schedules according to family needs. de Bellerive 23 P.O. Deloitte Services. Investing in remote working will have far-reaching consequences on the way we work after the crisis. All rights reserved. Many may resist returning to the 40-plus-hour workweek – with limited paid vacation and sick days – when the crisis passes. For tips on how to set up work from home policies, check out the advice from Eko’s VP Head of People, Katie Wan here.Â. Before COVID-19 hit, co-working spaces were projected to increase more than 40% worldwide. 74 % of US employees worked off-site at least some of the workplace although balance... Pandemic, millions more workers will seek supportive employers with a track record of doing by! Lausanne, Switzerland, IMD SE Asia Pte this move towards work from home because of about. That “ futuristic ” trends are emerging, having been catalyzed by the COVID-19 crisis ends prove be. Covid-19 pandemic walk over to a colleague and chat about a project COVID-19 hit, co-working were! ) of companies plan to shift employees to remote work may become the `` next normal ''..., some managers are struggling to maintain high performance from workers who are no longer close! 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