COVID19 AND CHANGES IN THE WORKPLACECovid19 has completely transformed the way we live and work. Employers and employees alike are forced to work remotely and now that we have settled down a bit, it is time to look at how the workplaces have changed and how organizations overcame the WFH challenges. 63% of US organizations report that up to a quarter of their employees were working remotely before the pandemic but now more than 75% of employees of the same organizations are working from home. Not only this, but more than half of the employees also say that they would like to work remotely even after the pandemic. The surprising change we see in employees’ reaction to the situation is that they don’t find adapting to new technology difficult. Here are a few obvious changes we have seen in the workplace amidst the pandemic.
FLEXIBLE WORKSPACENow that everybody has learned to effectively adapt and learned to Work-From-Home, it will be difficult to work full-time in office once the wave of the virus settles down. Even the organizations which were not the advocate of their employees working from home, they will have to be flexible. To support the claim, it is crucial to mention that 49% workers in the US say that going back to the similar workplace after the pandemic might not be in the best interest of their health and wellness. They need better workspace or would prefer to work from home. This situation might also help businesses that are starting out and would like to operate virtually without a workspace.
BETTER ADAPTING SKILLSEmployees are adopting a learning mindset and now they are capable enough to deal with the constant or abrupt changes in the environment. Not only this, but employees are also learning new skills, quickly adapting to new technology. Changes in workload during the pandemic has also resulted in an imbalance resource allocation in the organizations. Upskilling and reskilling have become essential for innovative and strategic advantages.
MOST AFFECTED INDUSTRIESWhile industries like Healthcare and IT are thriving in the pandemic, there are certain industries which have been affected badly by the Covid19 and the following economic recession. Here are the top of the most influenced industries: Sports: All sports events have been cancelled around the world resulting in loss of business for thousands of brands. Entertainment: Cancelled concerts, shootings, premiers and other entertainment industry-related ventures have also witnessed a downfall. Tourism: Tourism is literally dead. Retail: Even though a part of the retail industry has seen a positive impact, while big scale businesses such as shopping malls and restaurants are struggling to stay afloat.
HOW TECHNOLOGY IS HELPINGTechnology has proven to be our biggest asset in the pandemic. From simple tasks like communication to complex tasks like team management, project management, talent acquisition, talent management, data collection, data analysis, marketing campaigns, programming etc. technology has helped us operate efficiently while working from home. By implementing business intelligence technology, organizations are trying to help their employees work in a productive and flexible environment. Cloud adoption, Artificial Intelligence and IoT have made it possible for businesses to work effectively even without a physical workspace. This enforced experiment has proven to the world that it is not necessary to have a workspace to run a successful business which might be good news for startups.