Six months ago, it might have felt like a radical shift into the unknown. Now, many leaders have to admit, perhaps begrudgingly: Remote work won’t kill your company’s productivity.
Some businesses even say productivity is up since employees began working from their dens and back bedrooms. Tempted by the opportunity to save money on rent, many companies plan to continue with at least part of their teams remote post-Covid. A recent survey of the Inc. 5000 ranking of America’s fastest-growing private companies found that two-thirds intend to somewhat or greatly increase employees’ ability to work from home. Around 2 percent will go all-in on virtual.
Nicholas Bloom, a professor of economics at the Stanford Graduate School of Business, thinks that’s a bad idea. Bloom says he’s spoken with dozens of CEOs and employees who report that while productivity is fine, creativity is suffering greatly. And while “change and crisis” will drive some innovation, he doubts it’ll make up for constraints on creativity created by working from home. “I fear 2020 will be the year of little innovation,” he tells Inc. “And 2021 the year of disappointment.”
So, if you’re tempted by the allure of a virtual or semi-virtual office, here’s a challenge: How do you keep your team’s creativity thrumming when they’re not in the same room? Read our story to learn six pieces of crucial advice from some of the country’s foremost innovation experts.
Nacogdoches County Chamber of Commerce