The Kung Group, recently surveyed more than 500 founders of venture-backed companies from within our network about how the global health crisis has impacted their businesses and altered their roadmaps for the 2020s. Some of the results were surprising. They indicate that when we emerge from this pandemic, we’re likely to see profound changes to the professional world.
- 70 percent of founders reported that after their offices reopen, they will let some (or all) of their employees continue to work remotely.
- Of those who stated they’ll let employees continue working remotely after offices reopen, they reported, on average, that 70 percent of formerly office-based employees will be permitted to work remotely.
- 66 percent of founders are entirely reconsidering their investments in their offices.
- 65 percent of founders stated that if stay-at-home orders were lifted tomorrow, they would not return their companies to the office.
- 76 percent of founders reported productivity has either maintained or increased as a result of working remotely.
The key finding the survey revealed is that remote work is here to stay. It is not a passing trend; a solution to COVID-19 that will go away when society reopens. It is a new way of life. The largest tech companies in the world have all confirmed this — Facebook, Google, Twitter, Square, among others — and as go the tech giants, so go the rest.
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