In a private meeting, JP Morgan CEO Jamie Dimon indicated that the company’s productivity levels were falling due to their employees working from home. Now, the bank is encouraging employees to return to the office.
Additionally, Google CFO Ruth Porat recently stated that in-person collaboration is essential to fostering innovation, which suggests that companies are starting to see some downfalls of remote working.
According to interior design firm Vocon’s recent survey, remote working fatigue is starting to grow as productivity drops. The survey of 450,000 employees found that there has been a 40% decrease in productivity over the past few months. One respondent added that the culture at their workplace is their key to success and attracting top talent, but that it is suffering from remote working.
The September survey produced vastly different results than the one conducted in April, which revealed that 56% of business leaders viewed productivity levels as excellent.
Knowing this, we can expect companies to opt for a hybrid approach that allows employees to work from home and in the office for at least part of the time to meet the needs of all work styles.
“Each business leader is faced with a host of considerations, and they must select the solution that works for their unique circumstances,” said Megan Spinos, director of strategy at Vocon. “There is no one size fits all solution, and every organization must assess what is right for them and customize their own approach.”
