The Future of Remote Work: Implications for Businesses

The COVID-19 outbreak disrupted the corporate environment by implementing remote work at scale like never before around the globe. Whereas, many people saw remote work as a short-term solution, it has undergone permanent integration into the work environment of contemporary organizations. Consequently, teleworking as a phenomenon poses vast challenges regarding functionality, organizational culture, technological readiness, and managerial solutions for the work process. This paper discusses what remote work means for the economy and its participants — companies and employees.

1. Remote Work is Here to Stay

Conventional work culture before the COVID-19 pandemic saw telecommuting as a luxury that progressive organizations awarded their employees or as an independent practice associated with freelancers. Nevertheless, the pandemic made all small, medium large and companies in various industries pivot to working remotely. Then, what was once a temporary practice, has become a more permanent scenario that many of the employees and employers are fond of.

Some advise that remote work is going to be a permanent fixture in the business world as outlined in the subsequent papers. A survey by Gartner in 2021 shows that 74 percent of CFOs are preparing to make some employees work from home permanently. Also…