Insiders at LinkedIn, Glassdoor, and Jobcase on who will be hiring, what skills will be important, and how the workplace of the future will change.
For Fast Company’s Shape of Tomorrow series, we’re asking business leaders to share their inside perspective on how the COVID-19 era is transforming their industries. Here’s what’s been lost—and what could be gained—in the new world order.
Andrew Chamberlain, chief economist at Glassdoor
In February, employers were hiring [during] a roaring job market. It was really the strongest job market in any of our lifetimes. Today, probably about one-third of the workforce is working from home under COVID-19 in the US, and I don’t expect that is going to last. Taken that only 5% of the workforce was full-remote or work-from-home before COVID-19, I don’t expect it will even reach 20% in the long-term. There are just too many disadvantages, still, to working from home. Also notable is that “working from home” is not the same as “remote work.” Working from home is literally in your residential space, having a desk and a productive environment. Working remotely can mean, like, small pods of employees away from a home office in a shared office space. For the most part, people’s residential homes don’t have the infrastructure for productive work of any kind.
I think that you’re going to see a de-emphasis on physical offices and perks, not just in tech but in finance and every other sector, such as having beautiful open floor plans, with in-office gyms and onsite yoga. Employers are going to be emphasizing flexible work, health insurance, and more practical benefits—maybe 401k match, especially if people change their savings habits.