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 … 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.”. Many believe that this move towards work from home will be a more permanent change, rather than a temporary one. On the other side of the coin, there is also a huge amount of employees who don’t prefer to work from home, whether it’s due to the various distractions in their house or their preference to commute to a physical work space. For many industries, work will change drastically within the next five years. Although work-life balance has long concerned US workers, especially Millennials, only sporadic gains were achieved prior to the pandemic. In fact, among high-paid US white-collar workers, the trend toward 50-plus-hour workweeks has gained momentum since the 1970s. 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. Sixty percent of businesses surveyed by McKinsey in early April said that their new remote sales models were proving as much (29 percent) or more effective (31 percent) than traditional channels. Fewer hours and more flexible work schedules. Humans are inherently social animals who are biologically hard-wired for spending quality time with each other, and who typically don’t fare well during prolonged periods of extreme isolation. But will it last? While the pandemic continues to evolve globally, many are already planning ahead for the other side of this situation: a future where the spread of COVID-19 ceases and life slowly adjusts back. de Bellerive 23 P.O. 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. What can we expect from remote work going forward? 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 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. To help answer the question of how many employees will work-at-home after the Covid-19 crisis, we have launched a Global Work-from-Home Experience Survey in partnership with Dr. Anita Kamouri, co-founder of Iometrics and several global associations. The sudden switch to remote digital work, overnight and en masse, has the potential to accelerate changes in how work is performed and the way we think about working arrangements. This attitude shift suggests that we will see many more software robots in the workforce after the current crisis subsides. 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. 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 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 … In the meantime, here is our current work-from-home forecast: To request such permission and for further inquiries, please contact IMD at, Global Center for Digital Business Transformation. There is a soaring demand for virtual workplace solutions that help teams continue to collaborate, communicate, and operate as usual. It’s already a cliché: the COVID-19 crisis has accelerated the shift to digital. In fact, BCG’s recent Workplace of the Future employer survey found that companies expect about 40% of their employees to follow a remote-working model in the future. Similar remote work statistics are observed in other parts of the world. In 2012, just 39% of US employees worked off-site at least some of the time. 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. 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. The difference in the pre-COVID remote work numbers and post-COVID plans – and the large number of businesses who moved some or all their workforce to remote during the crisis itself – tells us that COVID-19 not only is a significant catalyst in shifting to remote, but also heavily impacts future plans around remote work. One obvious hypothesis about the future of working is that for office jobs, it will become disconnected from physical offices. Predicting the future of work is hard when you’re still in the midst of the catastrophe. On the plus side, there is more freedom, more flexible hours and more streamlined morning commutes. Many may resist returning to the 40-plus-hour workweek – with limited paid vacation and sick days – when the crisis passes. 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