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74% leaders believe businesses to emerge stronger in some areas: Report

74% leaders believe businesses to emerge stronger in some areas: Report

Nearly 74% IT and business leaders believe that despite the challenges, their business will emerge stronger in some areas from the ongoing COVID-19 crisis, according to a recent study.

 

Cisco-commissioned “A New Perspective on the Modern Workplace” which is based on three separate but linked studies, including a global study in which 1,500 senior managers were interviewed on workplace transformation.

 

The report covers six specific lessons that have emerged from the data collated ed from COVID-19 experiences. The lessons highlight particular changes in mindset, attitude, direction, and behavior that will be particularly important.

 

"While the first half of 2020 was among one of the most tumultuous times in modern history, nearly three-quarters of respondents agreed or strongly agreed with the statement: Despite the challenges, our business will emerge stronger in some areas from the current crisis. This optimism is indicative of the ingenuity and innovation organizations have shown".

 

Almost half (49%) of respondents indicated that flexible working hours are here to stay. And when it comes to hiring, 50% of our survey respondents said increased remote work would lead to a more inclusive and extended talent pool. Businesses are realizing that work can happen anywhere, productivity isn’t lost, and an expanded talent pool will enable stronger and more capable work teams.

 

The report also shed a light on employee wellbeing and work-life balance. Nearly 9 out of 10 managers (87%) who responded to the survey said that as a result of the pandemic they increased emphasis on employee wellbeing and work-life balance. Of those managers reporting the increased emphasis, nearly half (47%) said they see this being maintained over the long term.

 

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