Before the pandemic, only 4 percent of the US workforce worked from home at least half the time. However, the trend of working from home had been gaining momentum for years.
It is estimated that within a couple of years, 30% of people will work from home multiple days per week.
MORE IDEAS FROM This is the end of the office as we know it
Coworking companies expect an influx of new clients looking to downsize from traditional office space with long lease terms into so-called flexible space.
Coworking companies have seen a rapid decrease in demand due to shelter-in-pace orders. But it's likely temporary. The uncertainty could cause more companies to look for flexible space that can accommodate rapid changes in their needs.
More formalization and company policies around remote work are necessary for the shift to be successful.
A recent study showed that half of the businesses expect less productivity during the pandemic because of a lack of remote work capabilities. Companies that have built up guidelines will have an easier time working from home.
As the public health crisis continues, office space will probably have to be altered to encourage safety.
If and when you return to your office after the pandemic, you'll probably notice some changes.
When the world moved to remote work at the start of the pandemic, workers proved that they could adapt and do their jobs as well, if not better, than they could in the office. One survey of about a million US workers at Fortune 500 companies showed that productivity stayed stable or increased when employees started working from home.
However, many companies still require a physical office space that can complement rather than offer an alternative to remote work.
The pandemic has been an extended experiment for most companies who are trying to manage people working from home.
Instead of making it mandatory to attend the office physically like before, many companies have adopted a hybrid model where one could go to the office once a week and work from home the rest of the days.
This new approach changes the purpose of coming to the office.
The global crisis of the 2020 Pandemic, resulting in billions in lockdown, has resulted in 16 million people signing up for Netflix in March, taking the total subscribers to 183 million.
This provides consumer companies an important lesson regarding the viability of their products in an economy where 22 million people are suddenly unemployed (in the U.S.) and millions more have a bleak future.
❤️ Brainstash Inc.