Since the start of the COVID-19 pandemic in March 2020, the landscape of working from home in the UK has undergone a dramatic transformation. With the constantly changing government advice, the future of homeworking in the UK raises intriguing questions. Will the numbers of remote workers decrease in 2023? Will hybrid working become the new norm?
According to a series of studies and surveys, here’s a snapshot of the remote working scenario in the UK:
Remote working prior to 2020 was relatively rare, with only 1.5% of employed individuals reporting mainly working from home in 1981. However, by 2019, this figure had tripled to 4.7%. The proportion of exclusive remote workers surged from 5.7% in January/February 2020 to a staggering 43.1% in April 2020 – a figure that has likely increased further since.
These statistics paint a clear picture of the significant shift towards remote work caused by the pandemic. But what lies ahead? Will the UK see a decline in remote working as we progress through 2023? Or will hybrid models become more prevalent?
Companies that adapt to this new normal could potentially reap significant benefits. Reduced office costs, increased employee satisfaction, and the ability to tap into a global talent pool are just some of the advantages that can positively impact a company’s bottom line.
As the situation continues to evolve, it’s crucial for businesses to stay agile and adaptable. Embracing the potential of the work-from-home model and leveraging AI-driven solutions can offer cost savings, access to wider talent pools, and a reduced environmental footprint. By investing in the future and aligning with companies that are adjusting to these new work environments, businesses can position themselves for success.
Looking to the future it’s clear that these two prominent trends are emerging: the continued adoption of the WFH model and the integration of artificial intelligence (AI) to optimise operations and reduce costs. As technology advances, the possibilities for remote work and AI-driven efficiencies expand beyond what we can currently imagine.
To thrive in this changing landscape, it is essential for investors to adjust and seek opportunities rather than suffer from falling behind. By investing in organisations that prioritise remote capabilities and leverage AI technologies, investors can position themselves for success in an increasingly digital world.
Speak with an advisor to invest in your future. Embrace the WFH model and explore the potential of AI-driven solutions. It more crucial than ever to stay ahead of the curve and adapt to the evolving business landscape.