As many US cities and states begin to enter phases 2 and 3 of the reopening of coronavirus, employees across the country are wondering when their office will call them back. With growing concerns about a second wave of infections and uncertain progress regarding a potential Covid-19 vaccine, most large employers have not officially announced when, if at all, they plan to return their employees from remote work. But many workers have reason to expect the office to return in September.
Recent surveys by senior executives conducted by CNBC show that many companies expect 50% of their employees to return to jobs in September.
About three-quarters (74%) of technology executives in companies in various sectors of the economy say at least 50%, and not more, of their firms currently work remotely. But it is expected that this will change after the summer. Just over half (52%) of respondents in a recent survey by the CNBC Technology Executive Board indicated that less than half of their employees will be distant after September 1.
What do you think, what percentage of your organization’s workforce will work remotely on September 1? (CNBC Technology Executive Council Review, June 2020)
Many senior technology executives in senior positions in companies from various sectors of the economy expect that the proportion of their workforce still performing work remotely will be below 50% by September.
CNBC Technology Executive Board Survey for the second quarter of 2020.
Twenty-five of the 146 members of the CNBC Technology Executive Board responded to this study from June 3-15, 2020.
The approaching work of many employees in the office was also reported by CFOs in a May poll by the CNBC Global Board of CFOs. Most employees (at least 75%) were hard to reach, according to North American respondents who took part in the CFO survey. But it is expected that by September among firms based in North America, this figure will fall below 50%. About a third (34%) of global CFOs surveyed said they expect less than a quarter of their employees to continue to work remotely as of September.
What do you think, what percentage of your organization’s workforce will work remotely on September 1? (CNBC Global CFO Council, May 2020)
CFOs in the United States, as well as their global counterparts, also expect significant redistribution of labor from remote employees and back to the office in September.
CNBC Global CFO Review, Second Quarter 2020
The CNBC Global CFO Council survey was conducted May 14–28, 2020 and included responses from 41 of 130 global members.
Some workers will never return. Large technology companies, including Twitter, Facebook and Google, told their employees that they could work from home until the end of 2020. In some cases, this can become permanent, or at least lead to the fact that companies with 50% of their employees working at a distance for the next decade
“They wouldn’t do it if they didn’t have good data that people are productive and still work hard at home,” said Andrew Challenger, senior vice president of Challenger, Gray & Christmas, a firm that works with HR companies.
A survey by the CNBC Technology Executive Board showed that only 10% of respondents said that labor productivity declined during the transition to basic remote work. Forty-eight percent of respondents said their team’s performance was superior, and 40% said it was about the same as before the pandemic.
According to the survey, employers may take the time to return all workers with productivity without suffering, and many workers work harder and work longer at home. There are also indications from additional research that firms are still planning layoffs in the coming months.
While some manufacturing operations have never been shut down or shut down briefly, key workers from various industries are now returning to the professional sector. Investment banks such as Morgan Stanley and J.P. Morgan, return traders to offices in New York in June. CNN began bringing in some workers back in June and said another stage in the return of workers would begin in early September. But its president, Jeff Zucker, said a note in late May to employees: “We expect that most of you will not be able to return to our offices this calendar year.”
Tom Gimbel, founder and CEO of the recruiting and recruiting company LaSalle Network, said the return of employees to the office will depend on several factors, including the possible resurgence of coronavirus cases, the correlation between profit and company flexibility and unemployment. ,
Gimbel expects many companies to offer an additional return date. “The advice I’ve seen with many people is to give a voluntary return date and make it easier for people to return to it, so that after Labor Day, mandatory return to work is not such a serious obstacle.”
Companies may also need to be flexible with respect to returning workers, depending on childcare needs, as schools may open in the fall with a shorter schedule and student attendance on alternating days or weeks.
Although not for most jobs in the United States, there are many positions that can be performed remotely as a permanent position.
“From 35 to 40% of all work in the country can be done from home, so the number of people who will continue to work from home will certainly be much larger than before the pandemic,” Challenger said.