survey: 60% say work-from-home may be permanent

only 21 percent plan to shrink their space; cybersecurity less of a concern now.

by 卡塔尔世界杯常规比赛时间

although covid-19 has hit most business sectors hard, executives have come to recognize the productivity of employees following a work-from-home (wfh) model … so much so that they’re largely willing to continue allowing remote work even after widespread adoption of a coronavirus vaccine.

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these are two of the key findings from eisneramper llp’s executive survey, which gauged the outlook of 273 business owners, c-suiters, family office executives and high-net-worth individuals who attended eisneramper’s virtual national business summit on dec. 2.

“our annual summit continues to provide a wealth of helpful data on what business executives are thinking and feeling, along with the corresponding trends,” said eisneramper ceo charly weinstein. “as we start to see the light at the end of the tunnel regarding the pandemic, it’s clear that many companies will combine the practices of their ‘old normal’ with business practices of the ‘new normal.’”

the bulk of attendees (54%) were in financial and professional services, with most companies in the annual revenue range of $50 million to $500 million. other represented sectors included health care, technology, manufacturing, not-for-profit and real estate.

many of the key findings foreshadow where and what the “future of work” may look like. they include:

company footprint

• sixty percent of respondents plan to let staff continue to work remotely post-pandemic. only 8 percent said they will not let employees, and 32 percent are undecided.
• because of their positive experience with an expanded virtual work platform, a majority (55%) of respondents are more likely to increase the hiring of contractors or out-of-state employees.
• half will not downsize or will add space, 29 percent are unsure and 21 percent plan to downsize to some degree.

 salary and benefits

• as a result of the pandemic and working from home, 23 percent expect to deploy some new type of salary structure, 44 percent expect their salary structure to remain the same and 33 percent are undecided.
• 40 percent of employers have not added mental health benefits because of expanded wfh, but 16 percent have added such benefits.
• the majority of employers (59%) have not or do not plan to add benefits for wfh parents with children who are remote learning; 12 percent have added such benefits.

operations

• seventy percent of respondents said productivity either increased or stayed the same in a virtual work setting; 14 percent saw decreased production and 16 percent were unsure.
• lack of team building was cited as employers’ biggest challenge managing a virtual workforce (54%), with technology challenges ranked a distant second at 18 percent.
• sixty-eight percent have a business continuity plan in place and the remaining 32 percent do not.
• over the next year, companies plan to make investments in tech (63%), staffing (43%) and training (34%). interestingly, last year’s eisneramper summit survey found cybersecurity was a major concern, yet this year found cybersecurity investment for 2021 ranked fourth at 30 percent.
• roughly two-thirds (64%) of responding companies plan to stay with the same supply chain, while 36 percent are considering alternative sources.

posted on december 21, 2020