Half of US work force will opt for remote work until the mid of next year

Half of US work force will opt for remote work until the mid of next year
A survey conducted by CoreNet Global found that until June-2021, return of more than half of workers to their offices is less likely. Whereas the 17 percent respondents revealed that their return to workplace will be after June 2021. Eighty six percent respondents stated that the workplaces will be exclusively for teamwork and collaboration after the return of workforce. Sixty four percent respondents are of opinion that the weekday work pattern of 9 to 5 with a commute will no longer be there. On the contrary, 36 percent respondents are of opposing view. According to the respondents, half of the time will be spent in traditional office, 42 percent of the time in remote work location and remaining 7 percent in co-working workplace. This survey also found out that Forty-six percent of its respondents think that after COVID-19 pandemic use of co-working spaces will not change. On the contrary 28 percent are of the opinion that the use will decrease. The remaining 26 percent of them feel that the usage of such spaces will grow.

There will be a slight fall in corporate footprint over a period of time According to the findings of the survey, 70 percent of participants predicted a shrink of corporate real estate footprint in coming two years. On the other hand 14 percent predicted an increase and 16 percent expected the footprint to remain constant. Among the respondents predicting decrease in footprint; 23 percent predict a 10% decrease, 27 percent predict a decrease of 10-30% and 20 percent predict a fall of more than 30% in corporate real estate footprint.

Other key findings: Over 34 percent of survey participants were found not providing a financial allowance for setting up office facility to their employee. An allowance of $100 to $250 was provided by 17 percent of participants and the rest of the 17 percent respondents were providing $250 to $500 of allowance. Less than $100 of allocation per employee was given to 7 percent and more than $500 of allocation per employee was given to 5 percent of respondents. Need basis assistance was provided by 19 percent of respondents. Without considering location, 62 percent of survey participants want to hire employees on full time remote work basis. On the contrary, 38 percent participants are reluctant of hiring full time remote workers. 71 percent participants opined that they can consider choosing city-center locations in populous urban areas where public transport for commuting will be required.  On the other hand 21 percent participants would avoid choosing such areas. Sixty six percent of participants consider cities’ pandemic readiness to be a factor in consideration for choosing sites for companies. More on-shoring or reshoring of manufacturing will happen due to Covid-19 pandemic-according to the opinion of 67 percent of participants.