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There are so many talks about the impact of 2020 on the future of the workplace. With the extension of the lockdown in many countries, remote work makes more and more sense. As a CxO headhunter for tech companies, while discussing an organizational structure with my clients, I see how they adapt and cope with this reality of a hybrid workforce thanks to COVID-19's "remote work" or "no work" ultimatum.
If you are in tech, 2020 doesn't give you an excuse. On the contrary, for many, it's a push and a growth opportunity. Hoping to move new hires geographically once work visas and traveling criteria ease up, the employers are now used to remote hiring and onboarding. Still, at the end of 2020, it seems that they won't relocate those employees till the mid of 2021 at least. And do you really have to move the employees across the globe, or is it more of a legacy moving forward?
As 2020 goes by, employers are getting more and more used to a hybrid setting. Twitter was the first of the tech giants allowing it' employees to work from home "forever" in May 2020. Google announced that its roughly 200,000 employees will continue to work from home until summer 2021 together with Facebook, while CEO Mark Zuckerberg revealed to The Verge that up to half of employees could work remotely within 5-10 years.
The painful truth about the struggles of the organizations is well summarised in Microsoft announcement in October "...we have learned so much about productivity, flexibility, resilience and compassion. We have been working in ways we never thought possible, including managing necessary safety precautions" allowing employees to work from home for less than 50 percent of the working week, or for managers to approve permanent remote work based on the individual preference.
And the workers are also facing an unprecedented choice of settling into a remote-work lifestyle. The blurring line between work and life while working remotely means that employee experience is even more critical. The longer this pandemic continues, the bigger is the shift in the global workforce economy, which will reshape the global talent map the way we know it.
Based on McKinsey's survey of 800 executives from June 2020 representing a full range of industries in eight countries, the crisis may accelerate some workforce trends, such as the adoption of automation and digitization, increased demand for contractors and gig workers, and more remote work.
But not only business has to adopt. Many of the economies thriving on tourism are reinventing themselves. A recent example of facilitating a change in the global workforce while supporting a local economy is the Movers & Shakas program launched in December 2020 by Hawaii. It's currently set up for domestic U.S. workers and will not sponsor work visas but might open to international remote workers with existing US work visas in the future. For the first 50 participants accepted, a free round-trip ticket to Honolulu is sponsored. In return, however, participants must give back to the community by committing to help a local nonprofit and sta on the Island for at least 30 days. What a "torture"!
I'm looking forward to more countries like Georgia, Barbados, Bermuda and Spain to announce programs like this.
Please tag someone you want to inspire with this concept and comment on your favorite destination for remote work? Are you able/willing to switch to 100% remote work now?
More details are here https://www.moversandshakas.org
The photo credit to https://people.com/travel/hawaii-offering-free-flights-remote-workers/
#remotework #futureofwork #hybridwork #postpandemic
Inspired by one of the best interviews I came across about Human Capital in startups from the VC perspective.
Please share in the comments your experience working with HR advisors and what was the value for you?
#talent #humancapital # startups #hrstrategy
COVID-19 is like if humanity was grounded in our homes to give us time to reflect on our behaviours, lifestyle and the damage caused to Earth. And, to have some rest, finally, as human nature is always chasing something and we never stop.
For me personally, things were running too intense in the last three years, so I shamelessly enjoy this chance to finish everything that piled up, like my thesis and a few certifications and courses. I am much more productive now, working in my own rhythm, having enough time to rest.
What is happening in the world now has a tremendous effect on all of us, personally (I will cover in the next post) and on our business, of course.
It is a big push to move towards a more digital, efficient and remote way of working with our partners. No choice!
At the times when everything falls apart, you have a chance to rebuild everything in a new, better way!
This is a great opportunity for the founders and executives to challenge, rethink and redesign all work processes and never look back! During “business as usual” circumstances, we simply do not have time for that, so treat this as a long-needed time-sensitive intervention, which is ideal to the success of achieving organisational change.
You may also expect consumers to increasingly drive degrowth by changing their consumption patterns. Firms should think innovatively about this consumer-driven degrowth as an opportunity. Businesses that successfully do so will emerge more resilient and adaptable — instead of necessarily selling more, they will sell better and grow in a way that satisfies consumers while respecting the environment.
If you are in lockdown, focus on its positive effect! I’ve been talking to a few companies, who used this uncertainty to rebuild the tech stack and implement the features they were planning to add at the end of the year. This made their product more competitive, bringing better user experience for the clients.
Butterfly effect — we never know where the next opportunity will come from. Another company skyrocketed due to an unexpected need from the current client to reach out to the employees in China, which opened a new market opportunity and brought cash.
By the way, hold on to your cash! The length of this pandemic and its’ economic effects globally will probably last until the end of the year. Remember the five stages — denial, anger, bargaining, depression and acceptance? Move on and get mentally prepared to embrace for impact!
Despite the difficulties in setting up remote work it has proven that its benefits far supersedes the cost with visible evidence of increased productivity, progressive workforce, employee satisfaction, reduced cost of business operations and geographical impact.
It’s not about work-life balance anymore but about integrating work into your life. Stay organised, even if you work from home — adjust your routine to the new realities. If you need more “me” time — try to find a window before everyone wakes up or when they are asleep, to keep your sanity.
How do you feel about the current time and the opportunities for your business?
What are the #futuretrends you are seeing around you?
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