The COVID-19 pandemic has impacted life and work in ways that were unimaginable and will have long-term effects that lead to a new “normal.” With many countries and states beginning to re-open and create plans for the future, it’s becoming clear that going back to the way things were overnight (or at all) is not possible. While global lockdowns have and will continue to impact hobbies and passions, the way the world works may forever change as well.

According to a survey from Gartner, “74% [of CFO’s] will move at least 5% of their previously on-site workforce to permanently remote positions post-COVID 19.” While this decision could save organizations significant sums by reducing costs associated with renting a physical workspace, this move to more permanent remote work will have downstream impacts. Commercial real estate, for example, will take a big hit. Per the survey findings, “13% of respondents noted they had already made cost reductions in real estate expenses, with another 9% planning to take actions in this area in the coming months.”

Additionally, remote work has brought new challenges to productivity and work/life balance. Many workers no longer have separation from spouses, roommates, pets or children that they normally have during the day which leads to increased or unwanted distractions. Parents must take part in home-schooling their children and teaching them new technology skills in order to take online classes and complete assignments. Video conferencing enables collaboration between teams to continue, but with dogs barking, children screeching and (sometimes comical) interruptions from roommates, these meetings which used to happen in the vacuum of a board or conference room aren’t as effective. Despite some of these challenges of remote or virtual work, technology has made it possible for many businesses to continue running.

Continue reading this article by Lev Shur originally published on JAXenter.

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