Doubts have also been allayed about how productive employees can be if they work from home. An April 2021 survey by the Baker Friedman Institute at the University of Chicago examined companies ’post-covid long-term work plans and increased productivity forecasts for the U.S. economy by 5%. And a December 2020 PwC survey found that 34% of employees said they were more productive than before the epidemic, with more than half of executives saying the average employee’s productivity improved.
Now, there is an equally widespread disruption in the form of hybrid work: while some organizations are urging employees to return to the office full time, many are preparing for a new routine where employees work some days in the office and some days away, virtual and personal meetings and collaborations. With combination. A CNBC survey of executives in human resources, finance and technology found that less than half of companies will use a hybrid work model in the second half of 2021.
“I see hybrid work as one of the things that companies need to get right,” said Dennis Kagler, head of strategy practice at PwC’s U.S. agency. “We have to rediscover how we are going to work together and if we don’t get the hybrid model right, the company won’t be as productive. And in some industries, even a one to two percent change in productivity can make a big difference. “
All of this is happening in a business landscape where more and more employees are demanding continued flexibility following the epidemic. According to Accenture’s Future of Work Study 2021, for example, 83% of employees prefer a hybrid work model. And companies are listening: they know that the choices companies will make now will be important, especially when they compete to attract and retain talent in a competitive market.
“As companies prepare to start welcoming people to the office, they must recognize the needs and motivations of employees around the workplace and how they have changed and evolved,” said Jeff Wang, EY’s Global Chief Innovation Officer. “Companies want to attract and retain the best people, but almost everyone says they want something different than the existing pre-covid.”
Companies around the world are moving toward the challenge, working to establish the right processes, innovative technologies and leadership support to help them meet this powerful moment.
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