Robert Half March Update "Top Risks & The Future of Work"



As the world continues to move beyond the COVID-19 pandemic, there has been a lot of speculation on what the future will look like – what aspects of life will return to normal, which changes are here to stay, and how long-term behavior has shifted due to this short-term shock.  Fortune has a section of their website that is permanently dedicated to “The Future of Work.”  They recently released an overview of a survey of U.S. adults that was conducted last month, and I thought I’d share some of the takeaways here:

51% of college graduates are currently working remotely, compared with 39% of all employees, highlighting how the pandemic has affected different segments of the population
For workers who have returned to the office:

54% say they’d prefer to always work in the office, while only 8% say they’d prefer to return to fully remote work

38% felt they were less productive while working remotely, while only 9% felt they were more productive
For workers who are still working remotely:

34% say they’d prefer to always work remotely, while only 9% say they’d prefer to return to the office full-time

31% feel that they are more productive while working remotely, compared with 22% who say they are less productive

My interpretation of this data is that those who felt unproductive working remotely were the first to push back into the office, while those who have maintained or enhanced their productivity while working remotely are in no hurry to go back.  This signals that we are likely heading for a middle-ground solution with some level of hybrid flexibility going forward.  While the corporate office is far from dead, it looks as though remote work is here to stay – at least in some capacity.

The physical nature of the future of work is just one of the many uncertainties facing business leaders around the globe in 2021.  Robert Half’s consulting arm, Protiviti, recently released results from their ninth annual risk survey of directors and executives across the globe.  The survey of 1,000+ board members and executives across a variety of industries and geographies focuses onTop Risks for 2021 & 2030, providing perspectives on critical short-term and long-term risks.  I’ve included an infographic at the bottom of this email summarizing the Top 10 Risks for each period.  You can also find downloads of the Executive Summary or the Full Report here.

If it is accounting, finance, HR, administrative, technology, or operations related, I’m sure we can help.
 

Thank you,
 
Hunter Lent, CPA
Client Service Director
Phone: (419) 297-5841
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