99% of CEOs underinvest in office space

99% of CEOs underinvest in office space
The majority (54%) of workers who can do their work from home want to continue to do so, according to research from the Pew Research Center.

The pandemic has led to a rethink of the way we work. For a year, remote work was imposed in many parts of the world and this affected many organizations that had to develop new strategies to embody this new method. It presents challenges at the level of communications, cybersecurity and also in terms of management of movable and immovable resources.

In the year that I began to return to the face-to-face confrontation, this has been seen Some of the tried-and-true home office tweaks are here to stay. There are many companies that have achieved transformation in terms of real estate investments.

According to a recent study by Accenture, 99% of CEOs globally say they are underestimating their investment in office space. Of the vast majority who plan to reallocate funds via reduction, 62% say they invest in technology. Nearly half (47%) say they will use the released resources to recruit new talent or improving the skills of existing employees.

In the case of Argentina, 63% of companies plan to continue working remotely in the coming years, While 85% think it is necessary Preparing the people in your organization to work together using new technologies.

Over 80% of professionals worldwide want to work in a hybrid fashion (Photo by Edward Jenner on Pexels)
Over 80% of professionals worldwide want to work in a hybrid fashion (Photo by Edward Jenner on Pexels)

With several months of experience, many companies have seen that the business hypothesis has not only had a negative impact on their performance, but has even exceeded expectations in some cases. And the addition: The possibility of saving the large fixed costs of owning large offices to redirect this investment to other sectors.

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Alejandra Ferraro, Director of Human Resources at Accenture Latam, emphasized, “This is an answer to what professionals are looking for today. The majority (54%) of workers who can do their work from home want to continue to do so, According to research from the Pew Research Center. So too, according to a recent study by Accenture More than 80% of professionals around the world want to work in a hybrid way, That is, face to face and digital. CEOs are looking to blend traditional and digital environments to give employees more flexibility and save costs.”

These indicators are consistent with the report entitled “The next paradigm is Hybrid Action: Are We Ready? “ Microsoft introduced it in March and found that 73% of workers surveyed want flexible remote work options to continue. At this point, it should be noted that posts from this type of recruitment have increased five times on LinkedIn.

46% of workers plan to relocate now so they can work remotely, according to a Microsoft . report
46% of workers plan to relocate now so they can work remotely, according to a Microsoft . report

Another highlight is that More than 40% of the global workforce started considering leaving their employer this yearaccommodate 46% plan to relocate now that they can work remotely.

“This change in mentality loosens or completely removes the barrier of geographical boundaries. Which, in turn, It makes it possible to attract specialized talent to accelerate digital transformation. In addition to unlocking new talent pools, business leaders are rethinking their ways of working to retain their best professionals, and deliver More flexibility to meet changing employee expectations After the pandemic,” Ferraro analyzed.

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This shift resulted not only in changes in work habits and a new concept where geographical boundaries were no longer relevant, as mentioned in the directive, but also It opened possibilities to redirect investments to other regions. The savings involved in working remotely for many companies mean that there is more money available to invest in digital technologies.

This is a point also highlighted in the Accenture report: 46% of companies worldwide identify the acceleration of digital transformation in all parts of its business as one of its main strategic objectives for the next three years, whileIn the case of Argentine organizations, 83% confirmed that they have accelerated digital transformation as a result of the pandemic and 73% that their technology infrastructure is the key to business success.

“There has never been a better time than now, amid the turmoil of the pandemic, to reimagine the way we work. Those who get it right can gain a competitive advantage by investing their resources It promotes growth and resilience,” Ferraro concluded.

Read on:

Home Office: Cybersecurity Challenges in Remote Work
Digital theft: What are the lessons learned in cybersecurity left by the pandemic

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