Remote Working and Distributed Teams: How Covid-19 has Accelerated the Future of Work!
It is an undeniable reality that COVID-19 has been brutal and fierce considering its social and economic impacts worldwide. It has spread with a shockingly high rate, infecting over 9.7 million individuals across the globe and has brought the economic and business activities to an abrupt halt.
According to the June 2020 Global Economic Prospects, the global economic landscape is about to be hit with a massive drop in prospects for growth. The estimates suggest that a 5.2 percent contraction is expected in the global GDP in 2020. The report contains probable cause to believe that this might follow the deepest global recession in decades despite the extraordinary sustainable efforts made by governments around the globe.COVID-19 is likely to contract the per capita income in the largest proportion of countries worldwide since 1870.
However, there is always a light at the end of the tunnel.
In this post, we’ll discuss:
- How are Businesses coping with the new change?
- The hidden problems with this new model,
- The survivors vs. the affected, and
- Answers the question everyone is asking ‘is this the future of work?
Let’s begin with the current status — many businesses have transformed their ways of working to cope up with the unexpected changes, while some haven’t.
If you have any difficulties in devising proper Business Transformation plans, you might want to have a look at my recent article regarding — Business Transformation lessons from COVID-19.
How are Businesses Coping with the New Change?
It is only natural for humans to be reluctant to change due to the fear of uncertainty. But when push comes to shove, humans undoubtedly are the best in adapting and surviving.
This is the reason why COVID-19 resulted in some positives out of this grief and unwanted overall situation. Only the implementation and usage of effective business design helped businesses to survive through this.
Read on for more.
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