Remote Work Is Here To Stay. Adapt!
Two years after the lockdowns, the work paradigm shift seems to have taken hold and not letting go.
Not every CEO agrees. Jamie Diamond of JP Morgan is vocally against it. Others, like John Mackey of Whole Foods, deplores how young people don’t seem that interested in joining the hordes of low-wage commuters.
Are both bucking the trend? In August 2022, the New York Fed published surveys indicating that almost 70% of service firms and just under 50% of manufacturers have expanded remote work.
Why? Job burnout is for real. A study of 400 office workers published in Human Systems Management last month shows “commute strain” increases job dissatisfaction and burnout.
Job burnout partly explains the widely-observed lack of commitment on the job of young workers (the “Lying flat” and “Let it rot” movements in China, “Great Resignation” and “Big Quit” in the U.S.).
In July 2022, Global Workplace Analytics’ survey of 2300+ full-time employees showed remote workers increased 24% over 2021, and if work-from-home ceased to be an option for them, 66% would look for a job with flexibility, while 39% would simply quit. Over 50% would accept a paycut to continue working from home.
On the opposite side, 41% of SMEs and 27% of enterprises have required employees to return to the office, seemingly for productivity reasons.
Ultimately, to remain competitive in attracting top talent, DSC believes your business has to adopt a hybrid approach.
