COVID-19 Could Keep Workers Home 'Well into Next Summer': Guggenheim's Anne Walsh

FREMONT, CA: As the coronavirus pandemic continues to drag on, employees working from home might not return to their offices until well into next year, 2021. According to the latest survey of the American worker from prudential, 58% of the 1,008 remote workers polled say they are more productive in a remote environment, that would indicate the profitability sustainable, though it is still doubtful that it will remain sustainable in a longer term or not.

Several technology innovations have contributed significantly to productivity. But some of it is coming because people work longer hours and 65% of them haven’t taken the same vacation they took last year. It is expected that workers will get more flexibility while employers can think differently about how they spend money on real estate.

Flexibility has been one trend that the pandemic has only accelerated. The ‘industrial model of work’, is ready to be adjusted while other aspects of work can be adopted for people to be much more productive. And with more autonomy and control, employers get more enjoyment out of work. It is probably one of the reasons that individuals really have benefited from work from home. These efforts will help corporations hire and retain top talent, with flexibility of particular importance to women. Without diversity within an organization, it is difficult to anticipate how the world is shifting and how the marketplace is shifting.

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