Let’s hit some remote work data.
As we hit the one-year mark for the pandemic and the shift to remote work, GeekWire profiled a number of ways companies have responded. Most continue to work from home recommendations, with the summer being the point many still have as a potential return to the office. Of note – the culture issues have not necessarily been fully addressed.
Of course, there was the much-discussed exodus from Silicon Valley. Telstra Ventures did a survey of tech firms in San Francisco and found 96.9% of startups stayed in the Bay Area. Of the ones that moved, 12% relocated to Texas, 21% to New York, and 21% to other parts of California.
And, it turns out American and British companies overestimated their ability to handle remote work. 73% of those surveyed by Tanium and PSB Insights say they have new challenges in IT security.
Why do we care?
Bit of “of course they have new challenges”. Of course they do. My second obvious statement – there’s opportunity there.
Let’s unpack the other stories. Don’t mistake the shift to remote work with a complete relocation of companies. I’ve been big on the change to work, but not one saying companies would all move. That’s not nearly as logical. Moving your entire organization and setting up again when you have an established base, even a small one, isn’t necessary if you’re ALSO dealing with remote work and those shifts. If work can be anywhere, yes, you don’t care about where headquarters is… but you’re also not motivated to change it.
You need to tackle IT and culture issues FAR before major physical infrastructure changes, so this prioritization makes sense. Do I think this may get reconsidered over time? Absolutely. That we haven’t seen the effects of. But it’s just too soon to judge on locations. What I think may happen is more company creation in less expensive cities over time, particularly as executives themselves become more remote and dispersed. It’s an after effect, not a lead one.
And we care because it’s all just order of operations. Focus on IT security and culture shifts in remote work now, look for dispersion of physical offices… later.
Source: Business Insider
Source: CIO Dive