A new day. Another report. And more data to prove business will never return to the “old” normal.
Virtual working has permanently altered business travel, according to CNBC. The sector has stagnated, and many of those who fly are choosing economy class over fancy business and first-class digs.
This, obviously, forces airline leaders to rethink any strategy that banked on high-flying business travelers. For the rest of us, when I look back, I wonder what I was thinking for the previous 40 years.
A world of virtual, remote and hybrid work clearly was possible before the pandemic. Skype has been around for 20 years – almost old enough to legally buy a cocktail. Internet chat debuted in the 1980s. Many of the tools were there. The only things lacking among the executive set were Insightful Leadership and imagination.
As I wrote in Insightful Leadership, for 40 years I spent 3-5 nights and 40-plus weeks a year in airplanes, airports and hotels. That wicked pace of travel has dropped to about 3-5 nights a month. Beyond that, I’m not commuting to an office – unless you count walking up the stairs a commute.
What has this “disruption” done to my productivity? It has easily doubled.
I’m not the only one. CEOWorld Magazine mentions numerous studies that show remote work beats in-office productivity. This research comes from august institutions like Stanford University and the National Bureau of Economic Research, not the feelings of a Tik Tok star. From IT to finance to consulting to software, case after case abounds showing that remote employees are happier, more productive and more satisfied with their work-life balance.
And yet leaders still have their heads in the sand. Headline after headline reports that executives want their charges back in the office, under their thumb. And the U.S. Survey of Working Arrangements and Attitudes shows a continual decline in the percentage of hours worked remotely, from more than one-third at the beginning of 2022 to 28.4% last month. When I downloaded the data, I did note that hybrid working arrangements have ticked up to 31.5%, so that’s a positive.
Look, I’m not necessarily here to tell you how to run your business – but of course, if you connect, I’m sure we will have productive conversations. But I’ve started multiple enterprises since 2020. All have been fully remote and capable of sourcing talent from across the globe, not just those within commuting distance. I’m astounded at the results and continue kicking myself for not realizing we could have had the “new world” years ago.
The choice is yours.