Facebook announced that it will keep its workers home through the end of the year. Will it stop there?
In this video I discuss how this is all part of the new normal and the effects this could have on both businesses and employees.
▶️ 3Speak
Facebook announced that it will keep its workers home through the end of the year. Will it stop there?
In this video I discuss how this is all part of the new normal and the effects this could have on both businesses and employees.
▶️ 3Speak
This virus has really accelerated the work from home shift, and I think this will be a permanent change for many organizations.
Massive reductions in overhead, with the side effect that commercial real estate will take big hits. The savings for workers is huge, I've calculated that commuting 20k round trip for 6 years in Toronto, Canada cost me apx $20,000 CAD, not to mention the toll on our environment. Work from home is the future for many industries, not all, but its a welcome shift for sure.
PSA is looking at making 80,000 employees worldwide permanent.
https://www.lefigaro.fr/societes/coronavirus-psa-compte-adopter-le-teletravail-comme-regle-generale-20200506
You are right about the effects on commercial real estate and the individual wallet. Commuting takes up a great deal of time and money.
Think of how many hours you lost over those 6 years during those commutes.
Posted Using LeoFinance
Well actually I calculated that too,...apx 2,520 hours,..or a whopping 105 Days. That's almost all lost productivity on my part... I explained this to my 62 year old boss once, when he was saying "its just nice to see people faces, and sometimes in person meetings are nice too".. My response was..20k down the drain, 105 days of productivity lost,.. and the opportunity cost. He was dumbfounded when he heard the figures. Many from the older generation didn't have to work two jobs, they didnt need to stay productive after their 9-5 or many just didn't desire too. My generation is different, at least many are..
Funny enough, many are yet to discover that this is just the beginning. The truth is it may take years for the pre-covid routine office work life to return if at all there will be the need for it. With this new shifts, I pity the fiat banking industry what they'll have to offer except for more extortion.
Posted Using LeoFinance
Summary:
In this video, the speaker discusses Facebook's announcement about allowing employees to work remotely until the end of 2020. He talks about the implications of this decision on employees, employers, and various industries. The conversation extends to the broader impact of remote work on the workforce, commercial real estate, management practices, and the overall economy.
Detailed Article:
The video begins with the speaker highlighting Facebook's decision to allow employees to work from home through the end of 2020. He notes the significance of this move, especially coming after Nationwide's announcement about a similar remote work policy. The analysis delves into how technology companies like Facebook have an advantage in enabling remote work due to the digital nature of their work, as opposed to companies with less robust cybersecurity measures.
The speaker emphasizes the benefits and challenges of remote work for both employees and employers. He discusses how companies can reduce costs by eliminating office space and how employees can enjoy the convenience of no longer commuting. The shift towards remote work is seen as a transformative trend that will impact various industries. The speaker predicts a decline in commercial real estate as more companies opt for remote work setups.
Furthermore, the discussion expands to the changing dynamics of management in a remote work environment. The speaker raises questions about the need for traditional middle management roles in a remote work setting, suggesting that companies may turn to AI or software for management tasks. The potential repercussions of technology on job security and industry disruptions are also explored, with a particular focus on the increased efficiency and profitability of companies at the expense of sectors like the oil industry and municipalities.
In conclusion, the speaker warns of the significant shifts and disruptions that various industries may face due to the growing acceptance of remote work and technological advancements. The message conveyed is one of caution, highlighting the need for companies and individuals to adapt to the changing landscape brought about by the current trend towards remote work.