The global pandemic has already changed the way we work and live, especially among tech companies. While office culture formerly relied upon building blocks such as in-person group meetings and team-building activities, the expectations for what an “office culture” encompasses have been reinvented.
Recently, various groups have carried out comprehensive studies of the work-from-home (WFH) experiment that was set in motion by COVID-19. The internet is flooded with remote work statistics, now that business owners in virtually every industry are rethinking flexibility.
Companies realize working from home really works
Real estate company Zillow Group, for example, decided to continue embracing WFH long term—with CEO Rich Barton saying the experience during COVID-19 turned his views “upside down.” Now, Barton believes that the experiment will have a lasting influence on the future of work.
“We’ve been forced to make ‘Work From Home’ work … which means we know we can make it work in the future,” Barton tweeted.
In July, Germany’s Siemens announced they would let employees work from anywhere for two or three days each week. The industrial software company said in a statement, “These changes will also be associated with a different leadership style, one that focuses on outcomes rather than on time spent at the office.”
It is safe to predict that other companies will follow Zillow and SIemens’ lead. President of Global Workplace Analytics, Kate Lister, said the COVID-19 pandemic will be a “tipping point” for a tsunami of new WFH programs. Lister expects between 25 and 30 million Americans to regularly work from home in the next two years – an increase from the five million that currently do so part-time or more now.
Flexible work trends in Singapore
Many tech companies, including IWG and other flexible operators, are paving the way forward for an integrated approach to remote working. Their foray is gaining traction across various industries as a means of cutting costs and improving employee morale or convenience.
In a survey by CNBC, 24% of respondents plan to continue working from home on a more permanent basis than pre-pandemic times.
When extended to all countries, this figure could be majorly significant.
For instance, nine in 10 employees from nearly 90 Singapore-based companies said they want to continue working from home in some capacity. Statistics like this give evidence to the fact that businesses worldwide will continue to measure WFH output and are likely to announce permanent flexibility policies in the aftermath of COVID-19.
Perhaps most interestingly, 15% of employees in the same survey from Singapore said they wanted to continue working from home all the time. What this suggests is that employees—and their employers by extension– may opt for a WFH policy that offers OPTIMAL flexibility.
Companies may adopt a policy that incorporates several WFH days alongside required hours spent in an office or coworking space, for example. Or, they could sign a contract for a flexible workspace in town, where employees can choose to work some days if they need a change of scenery or pace.
The value of global coworking passes
Already, enterprises are seeing the value of providing coworking memberships to their employees. These memberships grant employees access to a large number of coworking spaces, virtual offices, and hotels in cities worldwide.
Coworker’s Global Pass is one option for a flexible coworking pass that includes thousands of spaces in over 600 cities. For enterprises with teams in multiple countries, this option streamlines the process of finding available workspace on a flexible basis, giving employees in Paris the same opportunity to WFH or utilize a coworking space as the team located in Copenhagen.
As employees worldwide change their expectations, companies will continue to allow working from home in some capacity. With so many business owners looking to downsize and decentralize their operations, the WFH movement is indeed here to stay.