COVID Accelerated Remote Work by 10 years
COVID accelerated the adoption of remote work by at least 10 years
- 255m desk jobs globally
- 66% want to work remotely now
- 99% want to work remotely at some point
- 74% CFOs say they'll be more remote post-COVID
By 2030, a majority of these 255m desk jobs will be done remotely a majority of the time
The biggest workplace revolution in history
Remote work will deliver a far higher quality of life. Workers having more flexibility to decide their work schedule, able to operate when they are most productive rather than a fixed day, enables a far better future of work than the one we currently experience.
Organizing work around your life is a huge transition with major implications
Being handcuffed to an office and expected to live in a high cost of living city with a low quality of life is a remnant of the industrial revolution. The office has become the worst place on the planet to get the isolation and focus you need to do deep work.
Companies who don't transition will be left behind
The reason is incredibly simple: talent and efficiency.
Talent
Unless you are Google, Amazon, Facebook or Microsoft remote teams will be far more talented than any office-based team you can build. Talent wars will be won by companies that have great remote work capability, who will wield it to dominate the next decade:
??Fixed Location
A physical office means you can hire the best person you can afford in a 30-mile radius, disqualifying you from 99.9% of the world’s talent.
Remote teams can hire the best person they can afford on the planet.
?Great Talent
The most talented people are stipulating remote work as a condition of employment. Companies who don’t provide this won’t be able to attract the best people.
Companies who don’t give this to their existing workers will lose their most talented people to their biggest competitors.
??Changing Preferences
The smartest people I know personally ALL plan to work remotely in the next decade.
The most interesting companies I know personally *ALL* plan to hire remote workers in the next decade.
Remote will be the dominant workplace of the best companies and people.
Efficiency
Office-first companies won’t be able to compete with remote-first companies in terms of efficiency, both economic and operationally. Not only will remote-first companies increase their average level of talent with each hire, they will be far more cost-efficient. City living is subsidized by companies, leading to a lower disposable and quality of life.
??Real Estate Cost
Office-first companies spend $18,400 on average, per workplace, per person
The best remote setup on the planet costs $2,000 per year, coffee included.
Remote is $16,400 less a year, per team member, or a $16.4m saving per 1,000 workers.
??Asynchronous Fist
Offices are instantaneous gratification adult kids clubs where it’s impossible to focus and do deep work without distraction.
Remote gives you the optimum workspace you need to do your best work.
?Output over Time
The only metric bad middle managers use to measure performance is time spent in the office.
Remote work is about how much work you get done focussing on productivity.
Not developing a remote work strategy is strategic suicide
We built an all-in-one provisioning platform that lets companies develop a remote work strategy instantly.
We provide all the practical equipment remote workers need at the touch of a button. Firstbase takes care of everything as a monthly subscription per worker, including delivery, upgrades, maintenance, repairs, and collections when a worker leaves. We help you:
- Be more cost-efficient
- Comply with regulation
- Save time on onboarding
- Slash your real-estate costs
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4 年You mean after 30 years working on it I might see it happen in my lifetime then ??
Founder | China Market Entry | Food & Beverage | Government Partner | MBA Candidate
4 年Totally agree with your point. Chris Herd
Creative Director | Art + Design | dannymehl.studio
4 年Hoping that technology won't catch up is always a bad business strategy.
◆ Accomplished Entrepreneur & Career Transition Specialist | Expert in Outplacement, Strategic Growth & Problem-Solving ? Driven to Transform Challenges into Strategic Wins and Deliver Results Beyond Expectations.
4 年Chris Herd, you are spot on as I do believe companies will be restructuring their business platforms to accommodate remote-jobs, meetings, and so much more. Great points made in the article - Thanks for sharing!
Orchestration, communication & leadership with the wisdom & humility to learn & grow from mistakes. A people person.
4 年You nailed it Chris Herd. Partial remote work is a win-win for organisation, people are more productive, spend less time on commuting and more time with their children. Let me quote you :" The only metric bad middle managers use to measure performance is time spent in the office". These are the people that are hurdles to the productivity of an organization, laggards. It's about time to establish a trust relationship, that is the secret to shoot the productivity to the roof.