According to a recent survey of Asian businesses, the number of Asian companies expecting employees to spend their entire working life in an office has dropped dramatically since the pandemic.
This indicates a shift away from the old way of working and toward a hybrid system, which appears to be continuing into the post-pandemic era.
Prior to the pandemic, more than half of Asian companies expected their employees to work full-time in the office, according to a survey conducted by the Center for Creative Leadership, a non-profit education organization based in the United States. Regional attitudes differ. Singapore, Australia, and New Zealand are most likely to embrace flexible working. The least enthusiastic are China, Japan, and India.
The survey, which drew responses from 2,170 business leaders in 13 Asia-Pacific countries, also discovered that employers want their employees to be present in the office at least some of the time. Only 7% of managers anticipated their employees working entirely remotely, down from just under 5% prior to Covid-19.
Companies around the world are facing employee backlash as they attempt to reverse work-from-home mandates imposed as Covid-19 spread. Younger workers, in particular, value flexibility.
According to the survey, 34% of employees now expect to spend more than three-quarters of their time at work, down from 79% prior to the pandemic.
The factor of ensuring the general welfare of the employees was cited by 42% of business executives as being the most important factor in adopting and adhering to a hybrid working system. The types of job postings that were published made clear the attitude of business owners. Before the pandemic hit the world in January 2020, there were almost no applicants looking for remote work, and there were hardly any remote job postings on the professional networking site LinkedIn. By September of this year, however, remote work accounted for over 20% of all job postings in India and roughly 10% of all job-related postings in Australia.
“Employee preferences are being weighted more heavily than ever, because of just how low unemployment is,” said Elisa Mallis, the Managing Director and Vice President of Asia-Pacific at the Center for Creative Leadership. Workers are willing to take even a 20% pay cut for remote roles, she added. “It’s not going back to the way things were.”
Asian companies are still only partially open to considering more significant cultural changes. Even though some organizations and well-known individuals have supported the four-day workweek, only 2% of leaders think it will be the most effective model in the coming five years.
Businesses were questioned between June and August for the survey, which was carried out in conjunction with 15 organizations, including the American Chamber of Commerce in Singapore and the Japan Association of Chief Human Resources Officers.
(Source:www.business-standard.com)
This indicates a shift away from the old way of working and toward a hybrid system, which appears to be continuing into the post-pandemic era.
Prior to the pandemic, more than half of Asian companies expected their employees to work full-time in the office, according to a survey conducted by the Center for Creative Leadership, a non-profit education organization based in the United States. Regional attitudes differ. Singapore, Australia, and New Zealand are most likely to embrace flexible working. The least enthusiastic are China, Japan, and India.
The survey, which drew responses from 2,170 business leaders in 13 Asia-Pacific countries, also discovered that employers want their employees to be present in the office at least some of the time. Only 7% of managers anticipated their employees working entirely remotely, down from just under 5% prior to Covid-19.
Companies around the world are facing employee backlash as they attempt to reverse work-from-home mandates imposed as Covid-19 spread. Younger workers, in particular, value flexibility.
According to the survey, 34% of employees now expect to spend more than three-quarters of their time at work, down from 79% prior to the pandemic.
The factor of ensuring the general welfare of the employees was cited by 42% of business executives as being the most important factor in adopting and adhering to a hybrid working system. The types of job postings that were published made clear the attitude of business owners. Before the pandemic hit the world in January 2020, there were almost no applicants looking for remote work, and there were hardly any remote job postings on the professional networking site LinkedIn. By September of this year, however, remote work accounted for over 20% of all job postings in India and roughly 10% of all job-related postings in Australia.
“Employee preferences are being weighted more heavily than ever, because of just how low unemployment is,” said Elisa Mallis, the Managing Director and Vice President of Asia-Pacific at the Center for Creative Leadership. Workers are willing to take even a 20% pay cut for remote roles, she added. “It’s not going back to the way things were.”
Asian companies are still only partially open to considering more significant cultural changes. Even though some organizations and well-known individuals have supported the four-day workweek, only 2% of leaders think it will be the most effective model in the coming five years.
Businesses were questioned between June and August for the survey, which was carried out in conjunction with 15 organizations, including the American Chamber of Commerce in Singapore and the Japan Association of Chief Human Resources Officers.
(Source:www.business-standard.com)
