Working from home may not be working anymore
2020 brought on a fundamental change in the way we work. Working from home was a perk that seemingly everyone wanted, but as the pandemic wears on the novelty is starting to wear off for many employees, and work-from-home fatigue is setting in. Many employees struggle with a less than ideal home office setup, video conference overload, family distractions and feeling less connected to the workplace.
This week, at the World Economic Forum, Barclays Plc Chief Executive Officer Jes Staley said working from home doesn’t appear sustainable, and JP Morgan Chase & Co.’s asset- and wealth-management boss, Mary Erdoes, agreed “if you ask anyone today, it feels like it is fraying, it’s hard, it takes a lot of inner strength and sustainability every single day to continue to focus and to not have the energy you get from being around other people.” Financial Post January 26, 2021 https://financialpost.com/executive/careers/top-bankers-sound-alarm-that-remote-work-is-starting-to-grate/wcm/e56f232f-e13a-43bf-b4a9-7e9bd3a092d2/amp/
Both executives parrot the concerns we regularly hear from clients that it is a challenge to maintain corporate culture, collaboration and knowledge transfer from a virtual office.
Even though it appears we will be working from home for the foreseeable future, most companies are looking forward to at least a hybrid situation where employees are in the workplace but with some flexibility to work from home.