A new survey from CoreNet Global indicates that the COVID-19 pandemic might be bringing long-term changes to the way people work, with workers spending about half of their work week at the office and the other either in a home office, remote location or co-working space.
More than 54 percent of the companies that participated in a February survey conducted by CoreNet Global, said that their overall corporate footprint will be smaller two years from now. Nine percent of respondents said that they expect to reduce their corporate footprint by less than 10 percent, 31 percent predicted a reduction of 10 percent to 30 percent and 14 percent said they’d reduce their corporate office space by more than 30 percent.
Not all companies, though, are looking at smaller office spaces. A total of 18 percent of respondents said their companies will increase the size of their corporate footprints during the next two years, while 27 percent said their footprints would remain mostly the same.
In another key finding, 85 percent of company respondents said that the role of the office moving forward will be for teamwork and collaboration and not necessarily for individual work. A significant 68 percent of respondents said that the traditional 9-to-5 workday has become a thing of the past.
