According to a report released by Verizon Business, 86 per cent of companies believe that work from home and virtual work will continue to co-exist along with the physical workplace in the future, with 61 per cent of business leaders sharing that the quality of remote work was on par with that of the physical workplace.
Of the companies surveyed, 78 per cent of them expect an increase of the amount of remote work conducted, while 52 per cent revealed that they have seen improved collaboration, while 57 per cent witnessed enhanced business agility and almost half (44 per cent) of them have seen an increase in productivity.
The report titled ‘Recreating Work as a Blend of Virtual and Physical Experiences’ was conducted in collaboration with Harvard Business Review Analytic Services. It examines the impact of the recent rise in remote working and discusses key areas business leaders should focus on as they help their organisation adapt to new ways of working in the future.
The report is based on feedback from over a thousand global business leaders and was conducted in May 2020. The report highlights how digital, remote work and work from home methods, which have recently been driven by the global COVID-19 pandemic, have proven beneficial to businesses and would therefore be a more readily available option in the future. As such, it is expected that organisations in the future will adopt a more blended approach to work, which includes both work-from-home and work from the office.
According to the report, businesses that have a robust digital workplace strategy are more likely to see greater returns on their investments, with 52 per cent witnessing increased productivity as opposed to 40 per cent of those without such a strategy. The effective use of technology, of course, plays a major differential role in this regard.