While COVID-19 has meant tremendous economic hardship across all business sectors, executives widely feel employees have risen to the occasion regarding productivity as a result of much of the country utilizing a work-from-home (“WFH“) model. Furthermore, most of these business leaders will continue to let their employees work remotely after widespread application of a coronavirus vaccine. Those are a pair of key findings from EisnerAmper LLP’s executive survey, which gauged the outlook of business leaders throughout the United States.
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Many of the key findings from the Summit survey foreshadow where and what the “future of work” may look like. Here are the survey’s findings:
Company Footprint
- 60% of respondents will let staff continue to work remotely post-pandemic. Only 8% will not let employees work virtually, and 32% are undecided.
- Due to their positive experience with an expanded virtual work platform, a majority (55%) of respondents are more likely to increase the hiring of contractors or out-of-state employees.
- 50% will not downsize or will add space; 29% are unsure; 21% will downsize to some degree.
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Salary and Benefits
- As a result of the pandemic and WFH, 23% expect to utilize a new type of salary structure; 44% expect salary structure to remain the same; and 33% are undecided.
- 40% of employers have not added mental health benefits due to expanded WFH; 16% have added such benefits.
- The majority of employers (59%) have not or do not plan to add benefits for WFH parents with children who are remote learning; 12% have added such benefits.
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