I dropped to doing 3 days a week 4 years ago, then 2.5 days a week last year. I'm retiring fully at the end of next June, TF. The days can't go quick enough until then as far as I'm concerned. Started WFH when this all kicked off earlier this year and I'm loving it. I work in a small design team of 7. Before this started we were based in 3 different offices scattered around the country, now we're all WFH and it makes not the slightest bit of difference. If you work in an office the world of work is changing massively for the majority of people in the same shoes as you.This chap seems to think that you won't be the only one. Big offices may be in the past, says Barclays boss
As far as I see it, there will be a few forces at play here to change they way we live.
1. Covid, social distancing and all of the nasties to come (Remember we got off very lightly with Covid - SARS had an 11% mortality, MERS a 35%, Covid is only 1-2%, oh, and they're all from the same coronavirus family) will mean we have to live with social distancing and potential further lockdowns in the future, whatever the politicians say.
2. Remote working is possible for information workers, made more so by the growth in cloud adoption in the recent years. Organisations who cannot remotely work will either have legitimate reason and therefore need to plan for the next pandemic, or will go bust. Nobody is too big to fail with the current stretched purses of govts these days.
3. Digitization (Middle of the 3rd line across in the buzzword bingo sheet) will continue to change technology, people and process. When digital competition represents 20% or more of your market, then those that haven't/can't digitize will be marginalized or deaded.
4. There will continue to be verticals and geographies that won't be fully digitized, despite the management consultant bollocks sloshing around. They will, however, see some efficiencies or revenue opportunities, even in Govt and defence.
5. I'm already seeing private equity money moving out of office space. They aren't stupid. Pension fund managers will not just sit in the corner and cry, they'll be leading the charge.
6. Your £2,000 per week box of a flat in Docklands is just a box. Of who's 4 walls you have learnt to hate over the past 4 months. Think what £8K per month can buy you in the sticks: Garden, living space and the like. Expect a diaspora of those that can from the cities along the commuter links. With little desire to commute apart from 1-2 days a week for meetings in shared office space.
7. Goodbye High Street unless it provides unique charm and value - as per my previous post
Just in the same way we don't have a typing pool, or take tin baths in our front room, we'll move on. It's called progress. If you want to survive, carry on, if you want to succeed then embrace it.