When the COVID-19 pandemic began, reimagining how, when and where work gets done went from strategic to reactionary. Many organizations with little history or experience with widescale remote work adopted it to protect employees and maintain operations to the extent they could. But with the worst of the pandemic behind us, it is time for organizations to return to strategic thinking.
As organizations begin to reassess the future of work, many recognize the transformative opportunity of remote work especially for new sources of talent and labor markets with a new supply of skills. Organizations shifting to remote work should realize that this talent innovation has both excellent value creation opportunities as well as risk.
Our research shows a silent remote revolution quietly gaining steam over the last year. For example, consider job postings:
Key job examples going remote are:
Our Future of work and risk analysis revealed that with jobs going remote, there is a substantial opportunity to tap into new sources of talent, but may require changes to total rewards and how organizational culture is developed.
Transforming work creates an opportunity to combine people and business risk management, especially around the goal of sustaining organizational culture and cohesion. Being resilient, no matter where work gets done, is an important capability in work transformation. A key action here is to test business continuity capabilities (both on-site and remote) to make sure the organization can effectively address disruption with flexible work arrangements.
As we’ve seen from the surge in job postings, remote work continues to gain ground. Leading organizations move past the single job and talent innovation opportunity to govern and lead around the full potential of transformed work. This requires a systematic approach to:
Most notably, the shift to remote work will require a partnership between your business and functional leaders to identify and monitor the opportunities and vulnerabilities. In its best form, this partnership will move from general dialogue to a collaborative governance and oversight approach. So, while remote work may be quietly gaining ground, ensure your organization is creating visibility and the necessary oversight as work continues to transform.