close

Hybrid Work

Digital Workspace Leader Citrix Acquired for $16.5B in Private Equity Deal

If there’s anything the business world has learned over the past two years, it’s this: the very concept of “work” is an evolving, organic idea. It’s a living, breathing entity that is actively founded on the principles of market progression, the dynamics of talent and the workforce, and, most importantly, the very way “work” itself is optimized for better business outcomes.

The Future of Work has been defined as many things, but its core definition is as follows: modern business can be transformed for the sake of efficiency and effectiveness through the evolution of new talent-based strategies (particularly the extended workforce), the advent of disruptive technology and innovative tools, and the overall reimagination of business thinking and mindsets.

The COVID-19 pandemic had many, many ramifications on the world of work, however, none greater than the remote work awakening. Future of Work Exchange research has found that, during pre-pandemic times, nearly 21% of the average enterprise’s total talent base (FTEs and extended talent) was operating in a remote or hybrid environment. Going into 2022, that number has more than doubled; 43% of all enterprise talent are currently working remotely or in a hybrid work infrastructure.

Citrix has long been a forerunner of the “digital workspace” industry since its founding in 1989. Today, the tech behemoth is a staple of unified communications and automation, providing virtual desktop technology to nearly 400,000 customers across the world, including 98% of the Fortune 500.

Yesterday, news broke that private equity firms Vista Equity Partners and Evergreen Coast Capital had acquired Citrix for $16.5 billion in an all-cash deal. The plan is to match and merge Citrix’s wide range of digital workspace and unified communications tech with TIBCO, a Vista portfolio company that seamlessly integrates applications and data across the enterprise technology infrastructure.

“The combination of TIBCO with Citrix will be a game changer. Over the past three decades, Citrix has established itself as the leader in remote work, providing secure and reliable access to all the applications and information employees need to get work done, wherever it needs to get done,” said Tim Minahan, Executive Vice President of Business Strategy, Citrix. “With the addition of TIBCO’s connected intelligence capabilities and solutions, we can enhance our digital workspace platform and the results we help our customers to achieve.”

The essence of this acquisition is a straight Future of Work play: Citrix will have additional technological support to expand its virtual desktop platform with the necessary arsenal to provide real-time intelligence, seamless integrations, and enterprise-grade security in a digital working environment.

A source close to the deal confirmed this vision. “[The acquisition] is certainly a testament to the overall strengths of the [Citrix] platform and the executive team’s long-term vision of where the product can go during these evolving times,” the source said, adding that “this is a “proof of delivery” of the remote work work model.”

This is a Future of Work gamechanger, for sure. The acquisition, and subsequent merger, means that Citrix’s incredible breadth of workspace technology can be buoyed by TIBCO’s cloud-fueled integrations and real-time data and intelligence. These two facets, in a convergence unseen in the enterprise solutions market, is a transformative shift towards a more secure, more flexible, and, most importantly, a more agile, hybrid cloud infrastructure for businesses across the world.

Additional Future of Work Exchange analysis:

  • One of the biggest “knocks” on the digital workspace/remote work environment is its lack of enterprise-level data security. TIBCO’s robust strengths in this critical attribute will help Citrix expand its overall reach to include those organizations that were once trigger-shy when it came to a hybrid workplace due to concerns over security of financial data, intellectual property, etc.
  • The concept of “better business outcomes” has long been a core Future of Work mindset. The Citrix/TIBCO merger translates into the ability to “blend” virtual workspace technology with agile analytics and intelligence….meaning that, no matter where a professional is located, they can make more educated business decisions by tapping into the same stout data that is available when tethered to an in-person IT infrastructure.
  • With the extended workforce expected to comprise half of the average company’s total talent pool by the end of the year, this deal reinforces another Future of Work shift, one that relies heavily on non-employee remote workers that require access to enterprise systems, IP, data, and other critical assets in order to get work done effectively.
  • This deal, which taking into account the combined Citrix/TIBCO solution, is the largest ($25 billion) private equity deal in enterprise tech history. The move displays a level of utmost confidence in Citrix’s current and future ability to deliver on its greater Future of Work vision.
read more

The Future of Gig Work

[Today’s guest contribution was written by Tim Minahan, EVP Strategy and Chief Marketing Officer at Citrix.]

Hybrid work has opened the door to a new kind of “gig with benefits” that may upend the model. And that’s good news for Corporate America.

Workers are leaving jobs like never before, and it’s causing a shortage of talent that has companies around the globe reeling. According to a recent survey conducted by Citrix, 40 percent of 1,000 knowledge workers in the US have left at least one job in the past year or are considering doing so. It’s been dubbed “The Great Resignation.” But it’s really “The Great Transformation.”

Contrary to what’s being reported, workers aren’t bailing for traditional reasons like more money or a better title. The majority are jumping ship for jobs that give them the freedom to do meaningful work from the location of their choice and provide equal opportunities to contribute and advance their careers. As revealed by the Citrix survey:

Money isn’t Everything

Make no mistake: salary and benefits are important. But they aren’t what’s inspiring workers to seek new roles. Among those surveyed who have changed jobs in the last 12 months, more than half took a pay cut. And 60% joined startups and accepted equity in exchange for salary.

Flexibility is Key

Today’s workers want flexible arrangements that allow them to choose where they work best. An overwhelming 80% of respondents to the Citrix survey said it was “very” or “somewhat” important that they be able to “work from anywhere,” and 55% said they would take less money to do so.

Employee Experience has Never Mattered More

Modern employees want to engage in innovative work, be productive and make meaningful contributions to the business that are valued without interference from complex technology and processes. And they’re likely to move on if they can’t:

  • 60% of workers have left jobs for positions that provide more opportunities to innovate and try new things.
  • 38% bolted because they were not engaged in or passionate about their former role.
  • 31% were frustrated by overly complicated technology and processes.
  • 47% believe they can do more meaningful work in their new roles, and;
  • 13% saw it as a way to inject certainty into their future and regain some of the control they’ve lost during the pandemic.

If all of this sounds familiar, it should. In 2009, a similar exit took place as workers across the knowledge economy began pursuing consulting and freelance work, creating the so-called “Gig Economy.” They left for many of the same reasons workers are moving on today. But the stage is set to bring them back.

In addition to why workers leave, the Citrix survey sought to understand what makes them stay. And it found:

  • 41% feel their benefits are competitive and beyond financial security, provide for their physical and mental well being.
  • 40% can work flexibly.
  • 27% are afraid to make a change given the ongoing uncertainty.
  • 12% will lose stock options or a retirement plan if they leave.

All of this bodes well for Corporate America.

In embracing hybrid models for work and digital technologies that empower people to work when, where and how they choose, companies can create a new class of “gigs with benefits” that provide the flexibility and autonomy that freelance, contract and gig workers crave along with the stability that has become increasingly attractive as the pandemic wears on.

And in doing so, they may lure back some valuable talent with the skills to keep business going and growing.

Creating the Space to Succeed

With the right digital workspace solutions, companies can remove the friction from work that frustrates and slows employees down. And this is critical, because when employees feel empowered by the solutions they use rather than hamstrung by them, they can focus, innovate and deliver value.

Narrowing the Digital Divide

They can also narrow the new digital divide that hybrid models threaten to open by creating an equitable environment in which employees can engage and collaborate in a transparent and efficient way regardless of where they are located.

Whether at home, in the office or on the road, digital workspaces provide employees with consistent, secure and reliable access to all of the apps and information they need to perform at their best.

Winning the Battle for Talent

The balance of power has shifted. Employees are no longer demanding flexible jobs that allow them to innovate and move forward, they’re commanding them.

To remain vibrant in one of the tightest labor markets the world has ever seen, companies need to come to grips with this and get on board with the new, flexible work models that will drive the Future of Work and leverage them to cultivate a workforce that is flexible, agile, and empowered to adapt to changing conditions and move their business forward.

Tim Minahan is the executive vice president, business strategy and chief marketing officer at Citrix, a leading provider of digital workspace solutions.

read more

FOWX Notes: January 28 Edition

Some picked-up pieces, news, and insights from across the evolving world of talent and work:

  • On Tuesday, the Biden administration withdrew its vaccination and testing regulations for large employers. The Supreme Court’s rejection earlier this month forced the President’s hand here. While vaccination mandates would have helped the United States gradually tick up immunity, especially in the age of Omicron, now it is solely up to large enterprises themselves to keep or introduce vaccination and testing mandates as the winter months drag by.
  • Although talk of “COVID endemicity” is absolutely premature, it is critical for businesses to look at a brighter, more hopeful future. Epidemiologists and pundits alike were both quick to talk COVID as an eventual endemic disease and strike the discussion down given the consistent curveballs the novel coronavirus has thrown at us over the past two years. However, the power of optimism is critical, especially today, when so many businesses and professionals are stricken with various forms of fatigue. It is imperative that companies look ahead, even to this coming spring and summer, to boost optimism that better days are ahead and to “open” innovative thinking and product development.
  • An exciting new European labor market report by PRO Unlimited finds some interesting trends. PRO’s new Labor Market Report for Europe finds that IT skillsets are in-demand, time-to-fill rates are climbing high, and that American trends are similar across the world. In its Belgium-specific analysis, for example, the report found that sourcing these individuals [sales, IT, business development, etc.] over the last three quarters has proven more difficult than in recent years, with the average time to fill increasing from 15 days in 2020 up to 23 days in 2021. This is a result of an increase in international talent acquisition in the contingent space, which has coincided with the greater interest in remote work.”
  • With so much discussion around the pros and cons of remote and hybrid work, it’s refreshing to see innovative companies thriving within this model. Great article at CNN proves that forward-thinking organizations that were once vehemently anti-remote work are now fully-remote, with leaders at these organizations stating that employees have never been more satisfied nor more productive. “The shift to remote work over the course of the pandemic has had a noticeable effect, said Cindy Owyoung, vice president of inclusion, equity and belonging at Robinhood. “Over time, it became increasingly clear that our employees were happiest and did their best work when they had the flexibility to determine where and when they work best,” Owyoung said.”
read more

The Remote Worker Burnout Epidemic…And Why Too Many Professionals Can’t “Unplug”

Flexibility is at the very core of the newfound “Talent Revolution” you’ve been hearing so much about recently. Sure, it’s being called “The Great Resignation,” but we all know that the underlying foundation of the so-called “Big Quit” is that the workforce has collectively decided “Enough!” and have been angling for better benefits, safer workplace conditions, and, most importantly, the flexibility they require to live their lives effectively with a solid semblance of work-life integration.

The Future of Work Exchange has covered this attribute of our industry quite frequently, and we truly believe that until business leaders come to the conclusion that these facets of work truly matter to their talent, The Great Resignation will become “The Great Stalemate” and we’re going to see millions more workers voluntarily leave their jobs over the early months of 2022.

For remote workers, the very concept of flexibility is a core aspect that’s baked into their everyday roles. Some professionals have been work-at-home staples for years and years, while others have just recently become part of this crowd when the pandemic hit. No matter the maturity of the remote-working professional, there seems to be an epidemic occurring that is oft-overlooked when discussing the age-old (and now, much-too-prevalent) issue of “burnout”: the inability to “unplug” both laptops and minds.

For years, I’ve kept a running diary of Future of Work-related ideas in the “Notes” app on my iPhone, which is always nestled and charging on my nightstand. If I’m awake at 3:30am and an idea strikes me, boom, it’s jotted down and revisited some time the day after. There are evenings when the glow of my laptop fills my home office at 1am, with some music playing in the background (lately, I’ve been obsessing over both Black Map and the Magna Carta Cartel), and pages and pages ahead of me to fill.

For most days (and nights!), my brain can’t be “turned off,” which, in turn, means my laptop is also not turned off. Employee burnout occurs when professionals clock more hours than they should because of a variety of reasons (one today being staff shortages), when they are tasked with the work of multiple individuals and have to handle it solo, or, when they toil as an entrepreneur running their own business (or, working for a small business and wearing “multiple hats”). The list goes on, but the Future of Work Exchange has frequently made the call for business leaders to not ignore employee burnout.

Many individuals may consider remote work a way to avoid burnout, however, the exact opposite is true: it’s happening at a scale that is similar in size and impact to traditional worker burnout. Remote workers may feel that their leaders expect them to be available both in and outside of typical work hours, while others could “condense” work on a particular project by burning through 12-hour (more more) workdays. There’s also a long-unfortunate reality that many professionals that work remotely feel mistrusted by their bosses since the in-person factor isn’t there for check-ins and similar meetings.

With a pandemic still raging and the Omicron variant keeping caseloads at near-triple what they were in early 2021 at their worst, the remote workforce has the added anxiety and stress of dealing with homeward disruptions (sick teachers and children causing school or daycare interruptions, etc.) on top of an added workload within their roles. The fact is this: right now, in the early days of 2022, remote worker burnout is a very real and very catastrophic epidemic that is not getting the attention it warrants.

Working remotely, whether it’s a full-time setup or part of a hybrid work infrastructure, is a flexible benefit that has both aided productivity and contributed to enhanced workplace safety controls. However, two years into this health crisis, and the sheer volume (over 42% of all workers, according to Future of Work Exchange research, nearly double what it was pre-pandemic) of remote workers translates into burnout and stress becoming unfortunate realities for these types of positions.

To curb remote worker burnout, business leaders must take into account the following strategies:

  • Encourage remote workers to take time for themselves for exercise and overall wellness. We’ve seen Zoom happy hours and Friday afternoon cocktail sessions so remote workers can take part in workplace activities that don’t involve shop-talk. While these are a fantastic idea, there needs to be more support for these professionals outside of the office. Some remote workers feel guilty if they take 45 minutes during the workday to hop on their Pelaton or take the dog for a long walk; the reality is, however, that business leaders and managers should be encouraging remote staff to incorporate exercise and similar activities into their daily routines. Top-down encouragement is the key here to make remote workers feel more comfortable about leveraging exercise during the workday. (This “time” doesn’t have to necessarily revolve around exercise; merely encouraging workers to take periodic breaks away from their laptops is incredibly beneficial.)
  • Provide remote workers with the necessary tools, guidance, and services for mental health support. This is an area that traverses beyond mere support from immediate leaders and managers and into providing remote workers with the actual digital tools, human-led services, and other offerings. Telehealth psychiatry support is incredibly beneficial for remote workers that are in need of virtual talk therapy, especially in the time of COVID; too, with so much personal stress and anxiety on top of typical work-related issues (which, of course, are bringing on burnout), it is imperative that leaders actively communicate the availability of mental health services and loop these offerings into existing healthcare plans.
  • Enhance access to digital workspaces (and communicate the operational merits of such technology). Citrix’s CMO, Tim Minahan, recently wrote on the Future of Work Exchange that businesses can fuel innovation through remote and hybrid work. This could not be more true, as organizations that tap into the power of unified communications and digital workspaces can effectively drive collaboration, product development, and improve innovative ideation across the greater business. Remote workers required on-demand and digital tools that can not only help them get work done, but also communicate with leaders and colleagues in an efficient manner. A crucial component of remote worker burnout is having to experience less-than-ideal systems access, lack of communication with team members, and outdated technology.

There are many other factors that business leaders can leverage to reduce remote worker burnout, including extending more frequent encouragement over tasks performed well (“thank you”s go a long way!), subsidizing digital wellness programs (such as Pelaton’s monthly membership), and providing additional “mental health” days that fall outside of traditional paid time off.

read more

The Four Things that Will Determine the Future of “The Great Resignation”

By now, you’ve heard the phrases. “The Big Quit.” “The Great Resignation.” “The Great Reassessment.” Around these parts, we’ve typically referred to the massive, massive numbers of workers voluntarily leaving their jobs as a “talent revolution” unlike anything businesses have ever experienced before. Calling this a “revolution” rather than attributing the volatile labor market solely to a continuously-raging pandemic is selling short so many aspects of what today’s workforce truly wants, needs, and, most importantly, deserves.

In December alone, 4.5 million workers resigned from their positions. In September of last year, it was 4.4 million. October and November’s stats were just as eye-opening. For nearly the past year, the Department of Labor has constantly been breaking its own records for the “highest number of resignations in a single month,” with May 2021 serving as the first solid month of The Great Resignation.

Halfway through the first month of 2022, the expectation is that January will topple those December 2021 figures, adding to an already-volatile labor market that is consistently disrupted by yet another coronavirus variant, uncertainty regarding vaccine mandates, and other market-shifting dynamics that are proving to turn 2022 into yet another transformational year for the world of talent and work.

While I’m a bigger fan of the phrase “talent revolution” in lieu of “The Great Resignation,” the facts don’t lie: tens of millions of workers have left their roles over the past nine months and there are too many reasons why to list out in a single article on the Future of Work Exchange. The focus should be on solving this, not merely talking about how disruptive it is (although this is certainly a gigantic pain to hiring managers, HR execs, and talent acquisition leaders that are absolutely struggling to fill positions, especially in certain industries).

That being said, here are three things that could determine the future of The Great Resignation:

  • The Omicron variant’s peak hitting rural America, the South, and pieces of both the Midwest and the West Coast. There are optimistic signs that Omicron is peaking in the Northeast (where I call home in Boston), New York, Washington D.C., etc. Many of the jobs quit over the past year have been in industries that have shouldered the brunt of the pandemic’s worst, whether it’s in retail, healthcare, hospitality, etc. These are positions that are not, unfortunately, prone to flexibility, safer worker conditions, and competitive compensation. The constant rollercoaster effect of the pandemic’s surges and waves have meant that workers cannot appropriately support remote learning when it was the only option, cannot work due to a lack of daycare, and are often forced into working conditions that aren’t equipped with the best PPE or vaccine and mask mandates. If Omicron is truly as mild as scientists indicate, and if this is the last stop on the road to endemicity, then the regions that aren’t peaking with Omicron will soon, and that could mean (given the speed at which this variant’s cases cause and respectively fall) that, by the spring months, the country will be in a much, much better place than it is now for public health and safety.
  • Business leaders finally realizing that aspects such as empathy, culture, and flexibility aren’t just “nice-to-have” elements. We’ve covered it here before on the Future of Work Exchange; some well-known business leaders touting their dismissal of remote and hybrid work, and only revealing that they have no clue that, of course, business culture evolves. Major labor market shifts (in pre-pandemic times) were because of economical and financial reasons; although huge increases in unemployment would certainly cause personal distress, the major difference over the past two years is that workers were faced with uncertainty, anxiety, and stress at both the professional and personal levels. Thus, workers require some level of emotional support as well as an optimistic, positive, and inclusive workplace culture. The “flexibility” problem is simple: bake remote and hybrid work into the very fabric of every position that can support it (and make these flexibility-driven changes permanent!).
  • Inflation becoming too much of a financial burden. The inflation problem is real. Everything from cars to diapers to produce are several percentage points more expensive now than there were just a couple of years ago. For some individuals, this may not be an issue, however, for many more, it’s incredibly disruptive. Many workers hit “pause” on their careers in the spirit of finding happiness, satisfaction, and prosperity. Those dreams are squashed very quickly when household necessities cost 5% or 10% more than they did a year or two ago. Look for more workers to find positions that may check several (but not all) of their ideal workplace boxes until the economy is less inflated than it is today.
  • Businesses that lead with innovative talent acquisition models, including direct sourcing and AI-driven talent analytics, will fare better than other organizations. Artificial intelligence-led decision-making. Hiring managers with access to vast data oceans. Automated referral campaigns and digital recruitment marketing. The power of “Direct Sourcing 2.0” strategies. These are all innovative approaches towards finding the best-fit candidates; as businesses begin to harness the power of advanced talent acquisition solutions, combined with the benefits of AI-fueled data and predictive analytics, they will create the ideal environment in which to find, engage, and source the best-fit talent when, where, and how it is needed most. Too, the value of the remote and hybrid work models and their impact on talent acquisition cannot be understated; there is an increase in the availability of remote positions, and with business leaders expanding roles to those across the globe (instead of just their backyard), they are opening new channels of talent that can work from anywhere.
read more

COVID Endemicity and the Future of Digital Workspaces

Last week, a crop of top scientific minds jointly encouraged the Biden administration to refocus pandemic efforts on “living with” the novel coronavirus instead of the “zero COVID” approaches that other nations, particularly China, have employed over the past two years. The goal here, as it seems, is to position COVID as one of several (including influenza and RSV) respiratory viruses that are endemic to humans on a seasonal basis (especially late fall and throughout the winter).

This strategy has become more tailored in the wake of the super-transmissible-but-less-severe Omicron variant, which is currently ripping through the population. By proxy of vaccination plus boosters and natural immunity, there should be, in theory, enough of a “wall” that we can return to what “normalcy” is in the months ahead.

From the business perspective, this means many things. The one I’d like to focus on, though, is return-to-office plans. Out of all the aspects that have been introduced and/or exacerbated by the pandemic, remote and hybrid work is at the very top of the list. And, when compared to an endemic COVID world, it would seem natural that more and more business leaders would leverage this status to get workers back into the office.

Here’s the thing, though: the digital workspace should no longer be considered an “alternative” option for how work is done, but rather another tool that drives true workforce agility.

The realm of remote and hybrid work today traverses beyond the mere discussion of “working from home” and into “how we get work done most effectively.” The hybrid workplace is no longer an avenue of telecommuting in order to stay safe and socially distance; while it will always be considered a way of enhancing COVID protocols during the most turbulent public health crisis of our lifetimes, the truth is that the lessons we’ve learned, along with the technology that has evolved over the past several years, has transformed the way hybrid work operates.

A few years ago, it was a simple option for workforce flexibility. Today, it’s the cornerstone of not only the digital enterprise, but the agile enterprise, as well. There are many reasons why hybrid work and pandemic should be decoupled, especially considering that a (hopeful) end to the crisis in finally starting to come to light.

  • Collaborative technology has evolved to the point where hybrid work is just as, if not more, productive than traditional setups. From the benefits of single-sign-on frameworks to the elimination of disruptions and barriers inherent in remote work, today’s digital workspace technology enable businesses with the necessary infrastructure to provide workers with a seamless UX that promotes productivity and the optimization of how work is done. “Micro-automation” enables workers to develop in-application solutions to enhance process workflows, while today’s digital workspace technology prioritize the protection and security of data and intellectual property.
  • One of the key benefits of hybrid work, flexibility, is a core reason why “The Great Resignation” is happening right now. Much of the analysis around the so-called “Big Quit” revolves around how well integrated flexibility is within a particular role or position…and sadly, there’s not much there for too many talented professionals across the globe. Even the most hardened executives are now realizing that flexibility in and of itself is a key benefit heralded by the “talent revolution” that is occurring today. Simply put: workers desire flexibility. Remote and hybrid work are the purest extensions of flexibility.
  • The generational aspects of the workforce trend towards workers that desire (and thrive!) in remote environments. Millennials are now considered the largest generation in the current workforce; although a lot has been written (and said) about the nuances of the millennial community, the truth is that a generation raised on technology will obviously crave technology and automation in the workplace. As digital workspaces become a standard means of work as COVID hits its endemic point, businesses will find that they will become a more alluring option for younger generations of the workforce.
  • Digital workspaces, and hybrid work in general, can enhance corporate culture and boost mental wellbeing. Limited time in the office can actually be a boon for collaboration; if workers know that they are in the office a single day each week, they will spend that time coordinating with colleagues and maximizing proximity collaboration. As such, this can be an enhancement to corporate culture in the months ahead, driving happier and more productive business outcomes. The Future of Work Exchange has highlighted the criticality of mental wellbeing in the workplace; the flexibility of digital workspaces provide workers with the ability to be more adaptable to their tasks, take the time they need to refocus, and, most importantly, build a better work-life integration.
read more

Fueling Innovation Through Hybrid Work

[Today’s guest contribution was written by Tim Minahan, EVP Strategy and Chief Marketing Officer at Citrix.]

Given the flexibility and tools to work when, where and how they choose, employees can deliver transformative ideas and results.

The shift to remote work may have been sparked by a public health emergency, but the same technologies that unlocked new ways to ideate and collaborate out of necessity have given rise to some surprising benefits.

Video meetings put every face in the same-sized box, regardless of seniority. Virtual communication tools gave introverts more opportunities to be heard. Neurodiverse and disabled employees, for whom office work might have introduced anxiety or physical challenges, suddenly could participate on their own terms. And all of this has opened the door to greater innovation.

According to “The Era of Hyper-Innovation,” 93 percent of business leaders say that increased digital collaboration has amplified more diverse voices, resulting in richer idea generation. And as hybrid work becomes the norm, the vast majority expect enhanced equity and collaboration to continue and fuel an era of hyper-innovation.

To capitalize on this, leaders will need to abandon some long-held perceptions and think outside the box when it comes to where and how work gets done.

Believing Doesn’t Mean Seeing

Proximity bias, or the tendency to favor those who are seen most often, is one of the greatest obstacles to equity and innovation in the hybrid workplace. It’s nothing new. Research shows that prior to the pandemic, employees sitting closer to leaders may have enjoyed more opportunities for advancement. And according to a study out of Stanford, many managers still see in-person employees as harder workers and higher performers, and grant them more promotions, bonuses, and other opportunities.

But proximity bias doesn’t have to persist. With the right technologies and work policies to support them, it can be overcome. Among the actions leaders can take:

  • Ensure in-person and remote employees get equal time with managers. Whether meetings with employees are planned or ad-hoc, keep track of them, and create a system to ensure each group is getting equal attention.
  • Develop objective performance metrics rooted in outcomes, not visibility. This will help reduce the power of proximity bias when evaluating employees for assignments, promotions, and bonuses.
  • Facilitate bonding experiences that everyone can participate in.Talk with employees to figure out how they want to build stronger relationships with co-workers. Consider creating virtual “break rooms” where employees can drop in for a water cooler chat. Or work with employees to form virtual interest groups or clubs.

Technology Should Liberate, Not Frustrate

To harness the innovative potential of distributed employees, organizations need to adopt solutions that remove the frustration from work and enable them to collaborate with their peers easily and effectively, whether they are working from home, in the office, on the road, or anywhere in between.

  • Go digital. Digitize all documentation and workflows to ensure equitable, impactful collaboration. Moving to a cloud-based digital workspace solution that serves as a unified hub for collaboration can help with this process.
  • Establish guidelines to support equitable use. If one employee is remote, consider running the entire meeting virtually to create a more level playing field for participation.
  • Conduct an IT audit to compare the remote and in-person experience. Using surveys, focus groups, and IT tickets, identify gaps. Then, make an action plan to close them.
  • Invest in tools that allow for synchronous and asynchronous collaboration. Synchronous collaboration tools, like Zoom or Teams, are important. But equally important for innovation are tools that enable employees to do solo deep work or contribute to the team on their own time, wherever they may be. Provide for both.

Beware the Digital Divide

Business leaders are optimistic about the potential of hybrid work to send innovation into hyperdrive, and with good reason. But the model is not without risk. If not carefully implemented, it has the potential to create a new digital divide that, left unchecked, could establish two classes of workers and infuse the workplace with inequity and bias.

To narrow the digital divide that hybrid work threatens to open, companies must implement technologies and work policies that provide for an equitable environment, in which both remote and in-office employees can equally engage and collaborate in a transparent and efficient way. A shared digital workspace, for instance, provides a common and transparent environment in which teams have consistent access to applications and information and can efficiently collaborate on projects to get work done, wherever it needs to get done.

Innovation isn’t an inevitable consequence of hybrid work. It stems from giving employees the space they need to do their best work, on their terms. Leaders that understand and adapt to accommodate this can foster such environments and help their employees – and ultimately, their companies – innovate and succeed.

Tim Minahan is the executive vice president, business strategy and chief marketing officer at Citrix, a leading provider of digital workspace solutions.

read more

Six Big Future of Work Predictions for 2022

It’s impossible to capture every single possibility for the Future of Work in a single article. What we can do, however, is pinpoint five of the biggest possibilities for work optimization in the year ahead.

Before the path to predictions start, I think it’s important to chat about some caveats here. We are in a much different place than we were a year ago at this time. So, in talking about the future of remote work, the year ahead isn’t going to revolve around whether or not it’s beneficial and viable (which, yes, IT IS!), but rather transforming non-traditional workplace environments into more effective and productive settings.

Without further ado:

  • Since we teased it above: the digital workplace and the digital workspace will converge. There’s a stark difference between the “digital workplace” and a “digital workspace.” Digitization, as part of broader digital transformation initiatives, has long entailed replacing core pieces of enterprise operations and processes with repeatable, scalable, and interconnected automation. The digital workspace, on the other hand, involves the enablement of truly digital, virtual, and automated access to productivity and collaborative tools for workers no matter where they are located (in the office, on the road, in their home offices, or at their kitchen tables).
  • The solution to the “Great Staffing Shortage” and “The Great Resignation” revolves around worker prosperity. The one thing that is maddening around the so-called “Big Quit” is that there are so many leaders around the world that cannot grasp the reality of why workers are leaving; on the surface, there are a variety of reasons that include equitable treatment, better compensation, better working conditions, more flexibility, etc. However, dig deeper and “worker enlightenment” shines: the workforce wants to prosper.
  • Data remains important, but intelligence becomes the gamechanger. In today’s talent tech ecosystems, there are several key platforms from which data flows freely: VMS, HRIS, extended workforce systems, direct sourcing platforms, and proprietary tech offered by MSP solutions. The candidate, FTE, non-employee, freelancer, and professional services data that can be extracted from these solutions presents businesses with an opportunity to derive true total intelligence and allow hiring managers to execute real-time decisions based on the depth of skillsets and expertise within the company’s total talent network. In an age when staffing shortages are the norm, a difference of just a day or two can have major ramifications on the success of a new project or initiative.
  • Culture becomes the most critical non-technological Future of Work attribute in the year ahead. Businesses have long been successful despite their culture; in 2022, the average enterprise will thrive because of their culture, not in spite of it. Empathetic leadership that converges with an inclusive workplace, environments that promote the power of the worker, and an overall positive, engaging candidate and worker experience are factors that will enable businesses to retain talent, drive talent attraction, and, most importantly, attain true talent sustainability.
  • The extended workforce continues to grow. This is a prediction that I’ve been making every year for the last dozen or so years, and, I don’t see it changing in 2022. The extended workforce is founded on agility and flexibility, consequently the two biggest areas of need for businesses as they traverse yet another pandemic-led year in which work and talent evolution is the norm. Closing in on half of the globe’s entire workforce, the extended workforce will become even more of a competitive differentiator in addition to the business continuity and “elasticity” that it drove over the past two years.
  • “Adaptation” molds the way businesses adopt, leverage, and scale innovation. I remember becoming a bit bored of the “digital transformation” discussions of a few years ago, with too many conversations around automating pieces of the business that should have been automated years and years ago. When the pandemic hit, enterprise technology took on a whole new meaning, one that unified the way businesses interacted with customers, suppliers, and their remote workforce, while also developing a culture of real business agility that could help the greater organization better adapt to changing times. Whether it’s core workforce management technology, blockchain-enabled operations, AI-fueled analytics and data analytics, or digital staffing, businesses in 2022 will find that the way they adapt to evolving times will dictate and shape the very ways the harness the power of innovation.
read more

What Did We Learn About the Future of Work in 2021?

I’m sure that the end of any year, not just 2021, warrants some level of deep reflection. However, the year that we just collectively experienced certainly calls for some retrospective insight, doesn’t it? 2021 marked the second full year of the worst public health crisis of our lifetimes and along with it, many transformations in how we all viewed both our personal and professional lives. From the business perspective, 2021 brought a host of talent-, technology-, and forward-thinking-led shifts that have forever altered the way we conduct business. Here’s what we learned:

  • No matter how rooted a business leader is to pre-pandemic times, remote and hybrid work are now foundational facets of the working world. Unified communication tools, better collaboration between leaders and their staff, and the general shift towards “flexibility” are all attributes of the new world of work.
  • Call it “The Great Resignation” or the “The Big Quit,” but what’s really happening is a true revolution of talent. The “talent revolution” is occurring all around us, with millions of talented professional voluntarily leaving positions in search of better working conditions, more flexibility, more empathy from leadership, more inclusive workplace culture, and, of course, better pay. The talent revolution is a stark reminder that leaders must reimagine talent engagement and talent acquisition if they are to thrive in the new year.
  • The extended workforce drives the Future of Work. Nearly 47% of all talent today is considered part of the extended workforce, a 10% leap from where it was at the every beginning of the pandemic. It’s not just a matter of tapping into the “evolution” of contingent labor, but rather truly robust communities of talent that take various shapes, including talent pools, talent marketplaces, niche staffing suppliers, personal and private talent networks, etc. Today’s extended workforce is a key element in how work gets done.
  • Empathy is a key Future of Work attribute. Leaders have to be in tune with the “human” side of its staff, as workers across the globe face personal and professional challenges that continue to eat into their thinned patience after 20+ months of pandemic ramifications (including severely ill relatives, lack of daycare, remote schooling, facing COVID themselves, etc.). Empathy-led leadership is, essentially, the only way forward.
  • Diversity, equity, and inclusion (DE&I) aren’t just buzzwords, but rather truly impactful pieces of the Future of Work movement. Let’s say it again: a diverse talent pool is the deepest talent pool. Bringing in diverse talent sparks innovation by bringing in new voices to the table, including talent from various genders, cultures, and nuero-diverse backgrounds.
  • Direct sourcing has become a transformational means of finding, engaging, and retaining top-tier talent. By the end of 2022, nearly 30%-to-32% of all talent will be engaged and acquired via direct sourcing, according to Future of Work Exchange research. Direct sourcing isn’t just a way to segment “known” talent into talent pools, but rather a strategy, program, and set of automated tools to develop true talent sustainability via recruitment marketing, leveraging the power of enterprise branding and culture, and cultivating deeper relationships with candidates.
  • Services procurement strategy is due for an overhaul. Collaboration, rather than control, is the Best-in-Class way to enhancing management of an extended workforce category that sometimes (or, often) dwarfs traditional staff aug from a spend perspective. Procurement executives must reevaluate how they approach SOW management and services procurement in 2022.
  • Talent communities will be more critical than ever in 2022. As we wrote recently: “The power of talent communities is driven by the innovative ways businesses are leveraging talent pools, talent networks, and talent clouds, converging with the nuances of the employer brand, social and emotional connections with both active and passive candidates, the the ultimate development of omnichannel, experience-driven candidate engagement.”
  • Business leadership needs to change its mindset heading into a new year. The talent revolution, combined with the pressure of a new coronavirus variant in a globalized yet disruptive world, means that leaders and executive personnel cannot go into 2022 with archaic strategies for managing operations and staff. Whether it entails “reimagining” or “rebooting” core leadership strategies, aspects such as inclusion (i.e., inclusive workplace environments), flexibility, agility, and a better understanding of employee emotional wellbeing (yes, including empathy!) are all necessary moving forward.
  • Technology is often considered central to the Future of Work movement, and 2022 proved that many times over. From digital staffing and direct sourcing to artificial intelligence and blockchain, the pathways of technological innovation all lead back into the very idea of work optimization.

 

read more

Omicron Will Dictate the Future of Vaccine Mandates

An excellent article by Katherine Wu yesterday at The Atlantic was a bit of hopeful news regarding the latest coronavirus variant of concern, Omicron. Wu highlighted some recent research studies regarding the role of T cells in countering the variant’s seeming ability to somewhat escape derived immunity:

“All of this coalesces into a not-totally-catastrophic forecast as to where the immunized could be headed with Omicron. Some T cells might waver—but a hefty contingent should still rush in to fight when the variant invades, as long as a vaccine or prior infection has already wised them up. We don’t, to be fair, have the full picture on Omicron yet; more data are still on their way. What’s known so far, though, looks promising. New data gathered by teams led by Sette and Redd show that most of the viral bits that trained T cells tend to recognize, including those within the spike protein, are still pristinely preserved on Omicron, with only a few exceptions. In previously infected people, for instance, Sette’s team predicted that some 95 percent of spike-specific killer Ts should still hit their mark; in the vaccinated, it was 86 percent. Similar data from Pfizer, as well as the biotech company Adaptive, clock in closer to 80 percent for the inoculated.”

The TLDR version: the Omicron variant is the most confounding of the new variants thus far, however, immunity via vaccination or prior infection (or both) will still elicit T cells in providing a substantial measure of protection. That’s a modicum of optimism amidst the nearly three weeks’ worth of fear and anxiety since scientists in South Africa discovered the new variant, with some speculation that any acquired immunity would not prohibit Omicron from infecting vaccinated (or previously infected) individuals.

While studies have not conclusively determined whether or not the new variant is “milder” than the wild type edition, the fact remains that any increase in transmissibility means that there will be an associated increase in severe disease and hospitalizations due to the sheer volume of new cases across the globe. Omicron is expected to become the dominant variant this month in regions like Europe and the UK, with the United States not that far behind.

So, what does this have to do with the business arena and vaccine mandates? Some thoughts:

  • Ongoing studies prove that vaccine booster shots amplify protection against Omicron, meaning that there should be some flexibility in mandates to include a third vaccine jab. Vaccine-induced immunity is somewhat protective, however, booster shots significantly enhance the overall efficacy and effectiveness of the Pfizer, Moderna, and J&J vaccines. As Dr. Anthony Fauci recently stated on numerous media outlets: the definition of “fully vaccinated” will need to be changed to include the aforementioned third/additional vaccine jab. This will need to be reflected in the Biden administration’s vaccine regulations, expected to go into effect in less than a month.
  • There shouldn’t be a rush to push everyone back to the office just because it’s a new year. Winter is an awful time for respiratory viruses, including the common cold and the flu. Even if there wasn’t a new variant of concern about to spark a new wave of infections, there would be so much confusion regarding whether or not people should head into work; a stuffy nose or sniffles would make anyone think twice about beginning their morning commute. The Omicron variant is expected to create a surge of cases during the winter (if indicators from the UK and across the world forebode what is about to happen in America), thus the continued viability of the hybrid and remote work models. Although some may argue that mandates are merely unwanted oversight by the government, the truth is that mandates are designed for public safety, not control. (And, if we’re going to talk about remote work, too, then why not say this: it should have a permanent place in how businesses structure their workforce in 2022.)
  • Businesses are going to have to work harder to ensure their staff that workplaces are safe. It shouldn’t take state-mandated mask measures for businesses to understand what’s at stake here: workers are already burnt out, tired, and have had enough of the inequitable treatment and lack of flexibility. Remote options should be readily available for those workers that can effectively perform tasks from home, while those industries that cannot support remote or hybrid work must structure the workplace environment to be safe for all in-person workers, making vaccine mandates all the more critical (while also mandating facial coverings).
  • If Omicron causes another winter surge, vaccine mandates will significantly boost the overall immunity of the country. As stated above, the Biden administration’s vaccine mandate plan isn’t a way for the government to execute control over the business arena, but to truly make the country a safer place to live and work. Those individuals that were vaccine hesitant before the mandate kicks in (and there are most likely millions that fall into this group) will now be inoculated in a time when a new, shifty variant is causing a sharp uptick in infections.
read more
1 2 3 4
Page 3 of 4