WORKING FROM HOME IS THE NEW NORMAL FOR MANY OF US BY BILL STANKIEWICZ, SUPPLY CHAIN EXECUTIVE
An MIT study done in April, showed that around 50% of the population was working from home in April. And another study done by Gartner Group indicates that 74% of CFOs intend to shift some workers to be remote workers permanently, post-crisis.
Google, Facebook and Zillow have informed their employees that they will remain working from home through the end of 2020. Capital One workers will remain home through Labor Day. Nationwide Insurance is shuttering five of its locations and allowing workers to remote work permanently.
With 81% of CFOs previously telling Gartner that they planned to exceed their contractual obligations to hourly workers, remote work is one example of creative cost savings senior finance leaders are seeking in order to avoid more severe cuts and minimize the downside impact to operations. CFOs previously reported to Gartner that they were taking additional steps to support employees in this area by adjusting to more flexible work schedules and providing company-issued work from home equipment. These action by finance leaders help minimize disruptions workers might be facing as a result of the crisis.
“Most CFOs recognize that technology and society has evolved to make remote work more viable for a wider variety of positions than ever before,” said Mr. Bant. “Within the finance function itself, 90% of CFOs previously reported to us that they expect minimal disruptions to their accounting close process, with almost all activities able to be executed off-site.”
As organizations continue to grapple with the ongoing business disruptions from COVID-19, permanent remote work could complement cost-cutting measures that CFOs have already taken or plan to take.
In Gartner’s most recent survey, 20% of respondents indicated they have deferred on-premise technology spend, with an additional 12% planning to do so. An additional 13% of respondents noted they had already made cost reductions in real estate expenses, with another 9% planning to take actions in this area in the coming months.
Gartner clients can read more in CFO Actions in Response to COVID-19: Week of 30 March 2020.
Thanks for sharing here,
Bill Stankiewicz
President
Savannah Supply Chain
Office: 1.404.750.3200
Info@savannahsupplychain.com
www.savannahsupplychain.com
www.beBee.com USA Brand Ambassador
www.1millioncups.com
CC: article info from: https://www.gartner.com/en/newsroom/press-releases/2020-04-03-gartner-cfo-surey-reveals-74-percent-of-organizations-to-shift-some-employees-to-remote-work-permanently2
https://businessradiox.com/podcast/supply-chain-now/supply-chain-now-radio-episode-17/
Articles from Bill Stankiewicz
View blogHello to all friends and bees: · Yes, I love living here in Georgia, business is growing all across ...
SAVANNAH, Ga., · 2019 –2020 · I am sharing from GPA press releases this month: · Port-related announ ...
Hello Bees: · I hope all are well here with us still being in this pandemic. · Yes, we’ve all seen a ...
Related professionals
You may be interested in these jobs
-
Midlevel, Corporate M&A Experience
Found in: Appcast US C2 - 6 days ago
McClure Harrison, Inc. Los Angeles, United StatesThis firm has a massive global presence and a corporate group that is Chambers-ranked, with numerous Chambers-ranked partners, and many high-profile and Fortune 100 clients. · Finally, my firm has placed numerous associates at this firm who are very happy, and associate reviews ...
-
IT and Network Security Engineer
Found in: Lensa US 4 C2 - 1 day ago
AWTG Ltd. Sioux Falls, United StatesAWTG, a leader in 5G systems integration and application development, is looking for an IT and Network Security Engineer. · As a Network Security Engineer, you'll work across various domains including RAN, Mobile Core, IP Routers, Ethernet switches, Data center switches, Firewall ...
-
FT Runner>
Found in: Lensa US P 2 C2 - 2 days ago
Restoration Hardware Cleveland, United StatesRestoration Hardware - JobID: 33437 [Busser / Porter / Cleaner] As a Runner at Restoration Hardware, you'll: Run food and beverages to guests; Anticipate all guest needs and fulfill requests in a timely manner; Assist with removing food and beverages from guest tables in a timely ...
Comments
Judy Olbrych
3 years ago #6
Ken Boddie
3 years ago #5
Bill Stankiewicz
3 years ago #4
Ali Anani
3 years ago #3
We love you too, Bill
Ali Anani
3 years ago #2
Bill Stankiewicz
3 years ago #1