New data from
the Institute for Corporate Productivity (i4cp) finds many companies saying
they foresee expanding or increasing flexible work arrangements on a more
permanent basis, given the changes the coronavirus pandemic has forced them to
make in terms of remote work options.
In a recent
pulse survey, i4cp found 54% of 27 organizations indicating as much, with
another 15% saying they don’t think they will revisit remote work options in
the wake of COVID-19. Another 23% said they don’t know.
Mark Englizian, senior strategy advisor for the Institute for Corporate
Productivity (i4cp) and chair of i4cp’s Total Rewards Board, expects companies
to continue holding off on decisions around extending flexible work options
until at least an end to the coronavirus pandemic is more clearly in sight.
“Approximately half are not willing to commit [to expanding flexible
work in the future], and are waiting it out. It’s the conservative approach to
managing a workforce, and it’s not surprising.”
Other key findings:
- Nearly half of organizations surveyed (48%) say the coronavirus pandemic has not yet prompted their organization to change its approach to goal setting as part of their long-term incentive plan design.
- Given the changes COVID-19 has forced them to make in terms of remote work options, 54% of companies say they foresee expanding or increasing flexible work arrangements in the future.
- Just over 42% of employers indicate they’re offering full-time employees the option to work part-time if they are parents and also need to focus on homeschooling and/or childcare in the midst of the coronavirus pandemic.
- Well under half of organizations say they have made changes to workplace policies that will increase workplace safety and health as employees return to work, whenever that might be.
the full survey results—due to the current global health and productivity crisis
affecting everyone, i4cp is making all related ongoing research publicly
We also encourage you to visit i4cp.com/coronavirus for
other employer resources including discussion forums, next practices, useful
resources, and more.