EIU global survey finds business executives prefer 30% WFH and 70% in the office
Two in three (66.7%) respondents believe that working from home (WFH) or remote work will likely continue in some form.
39% of respondents reported an increase in productivity with WFH, while 32.6% reported a decrease.
13.2% of respondents reported a significant increase in productivity, while only 3.6% reported a significant decrease.
Employees’ support of digital tools uptake had a strong positive correlation with the increase in productivity.
The top contributing factor to productivity decrease was “difficulty in collaborating with other team members” (70.6%), showing that the value of in-person interactions can never be replaced.
A changed workplace after covid-19 is a report from The Economist Intelligence Unit, sponsored by Kyocera Document Solutions. The report is based on a global survey conducted in May 2021 of more than 360 business executives on the implications of remote work on organisations, their employees and on productivity.
Covid-19 is a watershed moment in the way we work. Two in three (66.7%) respondents in the survey said WFH or remote work is likely to continue in some form. The most preferred WFH ratio expressed by respondents is 30% home and 70% office.
Myriad factors are responsible for the different outcomes vis-à-vis productivity, the most important of which—our survey reveals—are the size of the company and the nature of its business. This is true across geographies, suggesting that what one does has a greater impact on productivity than where one lives. This was consistent in the findings of a much higher percentage of respondents in the financial industry (61.3%) reporting a productivity increase, compared with the overall percentage reporting such an increase (38.9%).
Technology has played an instrumental role in allowing work to continue uninterrupted through the pandemic and will continue to do so, pointing to the importance of businesses to invest in the necessary digital infrastructure and tools to support their employees.
Naka Kondo, senior editor at The EIU and editor of the report, says, “Remote work is likely to continue well beyond the pandemic in some form or another. Our research reveals organisations that have successfully adopted technology have had a better experience with employee productivity. It’s crucial to note also that the top contributing factor to productivity decrease was the “difficulty in collaborating with team members”, signaling that the value of in-person interactions can never be replaced. While nothing certain can yet to be said of the future workplace, we hope the survey findings provide insight into the steps we could be taking in reimagining the ways we work”.
Visit reshapingproductivity.economist.com for the full report and related content
Alice Tong, Head of Marketing, Content Solutions, Asia-Pacific
+65 6428 2659
About The Economist Intelligence Unit
The EIU is the thought leadership, research and analysis division of The Economist Group and the world leader in global business intelligence for executives. We uncover novel and forward-looking perspectives with access to over 650 expert analysts and editors across 200 countries worldwide. More information can be found on www.eiuperspectives.economist.com. Follow us on Twitter, LinkedIn, and Facebook
About Kyocera Document Solutions
Kyocera Document Solutions Inc. is a global leading provider of total document solutions based in Osaka, Japan. The company’s portfolio includes reliable and eco-friendly MFPs and printers, as well as business applications and consultative services which enable customers to optimize and manage their document workflow, reaching new heights of efficiency. With professional expertise and a culture of empathetic partnership, the objective of the company is to help organisations put knowledge to work to drive change.
Kyocera Document Solutions Inc. is a core company of Kyocera Corporation, a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2021, the company’s consolidated sales revenue totaled 1.5 trillion yen (approx. US$13.8 billion). Kyocera is ranked #603 on Forbes magazine’s 2021 “Global 2000” list of the world’s largest publicly traded companies, and appears on The Wall Street Journal’s latest list of “The World’s 100 Most Sustainably Managed Companies.