Remote Work Archives - Page 6 of 10 - The Future of Work Exchange

Another Potential COVID Wave Should Permanently End Hybrid Work Hesitation

Business Leadership by Christopher J. Dwyer on 03/23/2022

I know, I know; we don’t want to hear it, especially after so many restrictions were loosened over the past several weeks. The more transmissible Omicron subvariant, called BA.2, has been causing a bit of havoc in China, the UK, and other areas that had (even recently) experienced a dramatic down-tick in virus caseloads over the past month or two.

The hard truth here is that, by utilizing wastewater analysis, we can detect increased COVID caseloads before they actually occur…and, as reported in The Wall Street Journal, things aren’t looking so rosy for the United States regarding another Omicron wave.

“The last few days have been a little worrisome,” Larry Madoff, medical director of the bureau of infectious disease and laboratory sciences at the Massachusetts Department of Public Health, said late last week. “It certainly bears careful watching.”

Wastewater sampling here and at hundreds of sites nationwide is once more drawing closer scrutiny from epidemiologists worried the spread of what appears to be a yet-more-contagious version of Omicron, known as BA.2, and rising cases in Europe could soon spoil the latest U.S. recovery. The number of wastewater sites indicating virus increases on a Centers for Disease Control and Prevention dashboard has risen in recent weeks, though the majority of sites still show declining levels.

In Boston and beyond, these systems during the Omicron wave helped quickly detect virus-concentration surges, declines and circulating variants, often before testing and case data. Health authorities believe it will become an increasingly important early-warning tool that can help guide public messaging and other responses, like marshaling resources to surging areas.”

There’s a lot to unpack there: the data shows declining levels, however, there’s more than enough concern to believe that rising cases across the pond predict the same here in America (historically, what happens in the UK is a crystal ball of what will occur in the United States three weeks or so later). “Still, the bottom line is that BA.2 is chiefly dangerous to those people who are not well-protected against the Omicron variant already. If you can’t be personally well-protected, then it is also important to be surrounded by large numbers of people who are. You need to evaluate local protective levels as well as personal immunity and decide on the precautions you want to be taking,” says Dr. John Skylar in his latest “COVID Transmissions” article, which is a must read.

Google and Apple are planning a return to the office early next month (in hybrid form, at least). Dozens of Fortune 500 organizations are doing the same. And then there’s Goldman Sachs, whose CEO David Solomon last year called remote work an “aberration” that needed “to be corrected as quickly as possible.”

I completely understand that business leaders crave normalcy (whatever that is today) and desire some form of in-person collaboration between themselves and their workforce, their workers and each other, etc. However, aren’t we past the back-and-forth now? Haven’t we reached a point when we can firmly say that remote and hybrid work are not only beneficial, productive, and flexible models, but should also be permanent fixtures of the contemporary enterprise?

There are millions of workers that cannot perform their jobs remotely and we need to respect that. However, there are millions more that can, and can do so effectively. We’ve gone through two years of this, particularly the discourse around return-to-office planning, whether it’s actually safe to do so, and how the workforce will react to a switch back to operating in-person.

Solomon said that remote work “is not ideal for us, and it’s not a new normal” at a finance industry conference in February 2021. What Solomon obviously has wrong here is that remote and hybrid work is the new normal, and, any conversations regarding full return-to-office plans are going to be spoiled by a virus that has not yet reached an endemic state. It would be foolhardy, and, to be honest, embarrassing, to mandate workers to return to the office five days a week (as Solomon recently mandated) and then have to re-pivot back to a hybrid model due to a rise in BA.2 cases.

We’re just so past these discussions by now and any CEO, executive leader, etc. that believes returning to the office five days a week is the best path forward is making an absolute miscalculation. The workforce wants to operate remotely. Top-tier candidates crave flexibility and the agility that are ingrained in remote and hybrid work. The Great Resignation, may we reiterate, is happening because workers are leaving jobs that don’t offer these flexible options. In a hyper-competitive, increasingly-globalized, tech-focused candidate market, do business leaders really want to miss out on talent because of their archaic, ignorant thinking?

We don’t know if the Omicron subvariant will cause a similar wave to what we experienced as a country from the 2021 holidays up until just a few weeks ago. What we do know is that even the slightest threat of another surge right now should be a wake-up call that any hesitation around hybrid work should be silenced…permanently.

Two Years Later…

Business Leadership by Christopher J. Dwyer on 03/10/2022

In some regards, it feels like it was just yesterday. To some of us, it feels like forever ago. On March 11, 2020, the World Health Organization declared the COVID-19 pandemic and began what was (and continues to be) a tumultuous disruption on all things related to both our personal and professional lives.

Do you remember that week? I’m sure you do. The rampant confusion, the anxiety, and the uncertainty? Do you recall the moment it “hit” for you? Was it that week, or was it when your company instituted an immediate work-from-home policy? Was it the moment that your kids were forced to stay home from school?

We all have our own stark reminders and memories of the earliest days of the pandemic. I remember picking up my son’s ride-on truck at a local fix-it shop; the owner, a retired industrial mechanic, asked me to keep a distance and had a surgical mask in his fleece pocket. “I’m closing down the shop for at least the next 30 days,” he told me as I was leaving.

There was a haze over our family that Friday, when the country began to panic-buy items at stores (we certainly remember this, right?). My wife and mother-in-law went to our local Target and came back with $400 in various household staples. The moment it really sunk in, however, was reacting to a robocall from the town’s school superintendent, who stated that the following week’s classes were canceled in lieu of the emerging health crisis. It was only a matter of days before my kids began their first days of remote learning, not to return to a classroom for nearly nine months. And it was only a little a month from then when my uncle, a person whom is ingrained in many of my childhood memories, succumbed to COVID in April 2020. I look back, too, on the day of his funeral, an overcast morning in which limited members of my family would be masked and several feet apart around his grave site, something I know so many of you experienced, as well.

No matter where you were on March 11, 2020, there is no doubt that the pandemic touched your life in some profound manner. When we look back on two years of disruption, transformation, uncertainty, and trauma, there are various ways that we, as humans, have been changed. I’ve often said (many times on the Future of Work Exchange Podcast), that it’s incredibly tough to point to a “silver lining” during a pandemic that has killed over 6 million people across the world. I’d rather think of it this way: we were forced into change, both personally and professionally, and from that, our world was transformed. Think about how many facets of everyday work life have been altered; think of the Future of Work tenets that were rapidly accelerated over the past two years:

Diversity, equity, and inclusion (DE&I) becoming the preeminent, non-technological components of the Future of Work coming to bear.
Remote and hybrid workplaces not only serving as lifelines for business continuity, but dramatically transforming the way enterprises think about how they get work done.
The extended workforce not only rising in size and prominence, but also in strategic value: 82% of businesses in Future of Work Exchange research stated that the non-employee workforce served as a means of flexibility and agility during the most trying times of the past two years.
The criticality of “flexibility” in all of its forms permeating throughout the symbiotic world of talent and work.
The rise of empathy-led leadership and business leaders integrating more “human” elements into how they manage their workforce.
More emphasis on the overall experiences of both candidates and hiring managers as they traverse both a “Great Resignation” and a “Talent Revolution.”
The continued importance of digital transformation, especially as the events of 2020 forced businesses to operate without traditional in-person processes in place.
“Recruit from anywhere” becoming a viable, trusted, and powerful way for businesses to leverage talent marketplaces, digital staffing, direct sourcing, and enhanced candidate outreach to find, engage, and source top-tier talent.
Direct sourcing emerging as perhaps the most innovative, talent-led strategy within the talent acquisition spectrum.
Purposeful work becoming a foundation of how workers and professionals plan the next steps of their careers.

In totality, the past two years have been a time of trauma, disruption, and loss. They’ve also sparked a revolution of talent, a reimagining of how work gets done, and new applications for technology and innovation.

Yet Another Phase of the Pandemic Sparks More Hybrid Work Debate

Business Leadership by Christopher J. Dwyer on 03/07/2022

It’s actually quite incredible when you really think about it: over the past several months, we’ve gone through several phases of the COVID-19 pandemic:

A Delta variant-led wave of cases and hospitalizations that rivaled last winter’s surge.
A brief lull, in which the Thanksgiving holiday kicked off what should have been a time for families to kickstart holiday plans that looked much different than 2020.
An Omicron variant-fueled surge that saw double and, at times, triple the amount of caseloads of the worst of the previous winter’s wave.

And now, we’re heading into the spring months (in the Northern Hemisphere) with yet another state of optimism that is actively guiding our personal and professional lives. The CDC has new facial covering recommendations based on risk levels predicated on county-level hospitalization rates and caseloads per 100,000 citizens.

If you watched the State of the Union address last week, you may have noticed that very few individuals in the room wore facial coverings during the event. As someone who routinely masks up in grocery stores and other indoor venues (even after three Moderna doses and while living in a heavily vaccinated state), this was something that I figured could bother some people…however, it’s clear that the greater direction of this pandemic is heading into a phase that promotes less restrictions and mandates.

And, speaking of the SOTU address: President Biden did at one point during his speech mention the much-vaunted “return-to-office” plans, stating, “It’s time for America to get back to work and fill our great downtowns again with people. People working from home can feel safe and begin to return to their offices. We’re doing that here in the federal government. The vast majority of federal workers will once again work in person.”

While the President was obviously ecstatic about the direction of the pandemic and wanted to capture this moment in front of a gigantic live audience, I fear that many business leaders will take this as a sign that it’s okay to rush workers back to offices without actually thinking of the flexibility and productivity gains that their talent has experienced over the past two years.

The conversations were due, especially from the moment that the first signs of the Omicron surge were beginning to slow just a few weeks ago. And now, business leaders face an existential question: how do they balance the need for in-person collaboration with the specter of talent retention risk hanging overhead? Is there a fine line between a return-to-office mandate and a softer approach, such as recommended office days? Will a too-quick, sudden “return to the days of old” alienate the workforce?

Future of Work Exchange research found that, on average, upwards of 43% of the typical enterprise’s total workforce operated in a remote or hybrid capacity heading into 2022. That number is probably much higher considering where we are today after the Omicron surge. Asking such a wide swath of the workforce to make such a critical call about their workstyle at this point in the game is, to be very, very blunt, asking too much.

While we don’t need to rehash the benefits, all of the signs are clear: workers enjoy flexibility, they enjoy the enhanced work-life integration, and they are fruitful in how productive they can be when they’re not wasting hours of each day on a commute. Business leaders cannot, and should not, expect total adherence and a willingness to leave what has been working so well over the past two years.

These articles, even though they are optimistic at heart, aren’t helping the situation. What we sometimes forget is that there’s a stark difference between feeling safer in a movie theater or restaurant now versus up and abandoning a workplace structure that has become the norm for the past 24 months. I wasn’t joking last week when I stated that, for real, we weren’t going back.

Being optimistic about the current state of the pandemic is one thing. Transforming that optimism into a reason to bring millions upon millions of workers back into the office when the remote and hybrid infrastructure has revolutionized how work is done? That is something much, much different. The move to remote and hybrid work was a reactive measure when it was first needed in March 2020. Two years later, it’s become a permanent fabric of the Future of Work.

“The Great Resignation” is Not An Economic Trend

Talent by Christopher J. Dwyer on 03/03/2022

Here’s a definition of “The Great Resignation” from old friend Wikipedia:

The Great Resignation, also known as the Big Quit, is an ongoing economic trend in which employees have voluntarily resigned from their jobs en masse, beginning in early 2021, primarily in the United States.

While I understand that Wikipedia is easily editable and can sometimes contain basic misinformation regarding history, politics, etc., what is represented in the above definition is unfortunately a common line of thinking in today’s frenetic world of business.

Even though aspects like “flexibility” and “remote work” are buried in that Wikipedia entry, the focus on economic thinking muddles The Great Resignation into a conversation around employees wanting more financial power as they traverse year three of the COVID-19 pandemic.

Remember, my friends, there’s a much clearer reason for this Big Quit, and it has little to do with money: it’s a “Talent Revolution,” and we’re all witnessing it first-hand as enterprises face staffing shortages, business leaders grapple with new models of working, and workers focus their energy on finding positions that bring value and purpose into their lives.

The Future of Work Exchange has been incredibly bullish about the Talent Revolution over the past few months, and rightfully so: placing the focus for tens of millions of voluntarily resignations squarely on economic factors misses the greater concept at hand…that the modern-day workforce has empowered themselves to transform the symbiotic links between “talent” and “employers,” all in the quest for more flexible, purposeful, and meaningful work.

Does The Great Resignation have economic consequences? Of course, let’s not kid ourselves. Staffing shortages are ravaging the financials of businesses, play a pivotal role in certain aspects of today’s inflation crisis, and, of course, contribute to product and supply chain disruptions across the world. (Also, as a side note: rising energy costs and fuel expenses are another complicated layer to the business arena today, as is the ongoing crisis in the Ukraine and its global financial and supply ramifications, as well.)

But these are consequences of a larger issue, one that has only been exacerbated by a global health crisis that has unfortunately shined a very, very bright light on the inequities and rigidity of today’s workplace and workforce structure. There is an underlying inequity in how workers are treated, how they are paid, how they are provided benefits, and how flexible their roles are considering the tremendous change in the world of talent and work over the last two years.

The Talent Revolution was always on its way; it’s unfortunate that it has resulted in an across-the-board, jarring “Big Quit” that has shaken the way businesses deal with extreme staffing shortages. However, there’s a reason equity, inclusion, better working conditions, and flexibility have become so critical: this is the power the workforce should have.

Every worker deserves a position that serves and aligns with his, her, or their purpose. Every worker deserves the flexibility to attend to personal and private needs and achieve a better work-life integration. And, every worker deserves equitable treatment, safe working conditions, and an inclusive culture that inspires them to thrive, think, speak, and innovate.

The Future of Work Exchange Podcast, Episode 612: A Conversation With Tim Minahan, EVP of Strategy and CMO of Citrix

Podcast by Christopher J. Dwyer on 03/02/2022

This week’s Future of Work Exchange Podcast, sponsored by PRO Unlimited, features a discussion with Tim Minahan, EVP of Strategy and CMO of Citrix. Tim and I discuss the impact of hybrid work on the Future of Work movement, the link between digital workspaces and the extended workforce, and what the future holds for remote work.

Tune into Episode 612 of The Future of Work Exchange Podcast below, or subscribe on Apple Music, Spotify, Stitcher, or iHeartRadio.

No, For Real: We’re Not Going Back

Business Leadership by Christopher J. Dwyer on 02/15/2022

Last summer, I wrote why the business arena was never going back to “normal,” my arguments owed to the fact that the vast majority of enterprises across the world were now operating in a corporate landscape that encouraged flexibility, innovation, and new and strategic ways of getting work done.

That was in the summer, a time when most of us were just a few weeks removed from being fully-vaccinated and ready for some semblance of normalcy in our personal lives. Could we attend a sporting event in-person? Could our kids finally return to school full-time? Would we be able to have dinner with our older relatives?

We now know that the Delta variant of the coronavirus had much different plans. And, shortly on the heels of that surge, Omicron brought its own playbook.

So now we’re within the end of the winter months. Many of the cities and states that experienced horrible caseloads and hospitalizations around the 2021 holidays and into January are now seeing those waves start to subside. And, inevitably, as things gets better, that question makes its return:

When do things get back to normal?

I was struck by this article in The New York Times by Charles M. Blow this past weekend. Blow writes:

All of us, I believe, were simply waiting to see when our lives would reset, and what the new normal would look like. We still believed that if we did the right things — at least if enough of us did them — that the pandemic would pass and things would snap back to the way they were.

But, as each month passed, and then each year, it became more and more clear that COVID would most likely move from pandemic to endemic.

There are many reasons why our personal lives will never return to normal, given the tremendous change we’ve collectively experienced over the past two years. Blow’s article, “There Is No Post-COVID,” illustrates how “COVID has made us reconsider everything, the meaning of home and work, the value of public space, the magnitude and immediacy of death, what it truly means to be a member of a society. We are still finding the answers to those questions, but the America we knew ended in 2019.”

While business itself doesn’t straddle the line between life and death, a novel virus that has upended the lives of billions of people across the world was always likely to bring permanent change to the way we work, how we work, and, of course, why we work. There should not be a single business leader that could honestly ponder when we would return to the “normal” ways of getting work done.

Societal change has dictated that we invest in and prioritize diversity, equity, and inclusion. Technological change has pushed us into new realms of digital transformation and automation. Leadership has transitioned into empathy-led business culture that pushes the “human” side of business into the forefront. Talent has undergone a revolution that has fundamentally altered the relationship between a business and its workforce, resulting in a “Great Resignation” that will forever transform the dynamics of talent engagement and talent acquisition.

We can see, however, how businesses would apply Blow’s quote above to their corporate world. Those early months of the pandemic, well, more like the first year (before the first vaccine campaigns), heavily-dictated just how much we in the business arena yearned for those halcyon days of 2019. No masks, no social distancing, no supply chain disruptions, no economic uncertainty. Instead, we faced layoffs, furloughs, and a veritable rollercoaster ride that seemingly had no end.

But the world has changed tremendously since then, both from personal and professional perspectives. Remote and hybrid workspaces are flourishing, while the power has shifted to the worker in today’s revolutionary war for talent. Businesses now know that the volatility of today’s market can be flipped to become competitive advantages. The economy is thriving. “Adaptation” has become a foundation for the future. Digitization has come full circle and is now driving innovation within the business stratosphere.

And, most important of all: the Future of Work has been realized.

Remote and Hybrid Work May Have Issues, But They’re Undeniably Powerful Future of Work Attributes

Business Leadership by Christopher J. Dwyer on 02/09/2022

I’ve long devoured news and analysis related to the concept of remote and hybrid work…and not just during these crazy pandemic times. I’ve been a hybrid worker for the entirety of my career these past 16 years, and, particularly over the past decade, more “remote” than “hybrid.” I’ve stepped into an office only a handful of times since March 2020. Besides my own experiences with the hybrid work, the Future of Work Exchange is committed to helping businesses and workers better understand the implications of such a model, the benefits, how to structure a hybrid infrastructure, and, of course, how the hybrid workplace factors into the digitization of work.

A recent New York Times article by Elizabeth Spiers, former editor in chief of The New York Observer and the founding editor of Gawker, argues that we, as both leaders and workers, have lost some semblance of “work” with it becoming “too casual” over the past two years. “What We Lose When Work Gets Too Casual” highlights that:

“There are trade-offs, though. The loss of workplace formalities like fixed start and stop times, managerial hierarchies with clear pathways for advancement and professional norms that create boundaries between personal and professionally acceptable behavior only hurt workers. Though the pandemic-era transformation of white-collar work seems empowering at first, we should not be deceived: Many of these changes mostly benefit employers.”

Spiers further writes that employers can take advantage of an environment in which the lack of shift formality means that workers will pump extra hours into their work and projects without the extra pay (for salaried employees, of course). This is, in fact, a common drawback to the hybrid model, in which workers cannot seemingly “unplug” from their work and suffer burnout, anxiety, and stress.

It’s often too easy for those work remotely to get caught up in work, to subconsciously allow personal and professional worlds to collide, and to let “casual work culture” become the foundation of a remote working environment. The office becomes home, and the home becomes the offices, Spiers writes. She’s not wrong, as for those white-collar employees that have been working remotely for a lengthy period of time, there is very little crossover between the personal and professional arenas. We stare at our phones checking email, keep our laptops within reach, and spend late nights toiling away. Working at 11pm is just as common as dialing into a video call at 11am.

Spiers’ points are made with good intentions, and she focuses on the fact that this setup mainly benefits the employers. What she is missing, however, is the inherent flexibility that is baked into the hybrid work model. This is what workers crave, it’s what they desire. They want to be able to do the things they want to do without having the pressure of in-person work, long commutes, and endless in-person meetings.

However, there is one idea, above all else, that needs to be taken into consideration. It’s the one driving factor that separates remote work in 2022 vs. remote work in the early months of the pandemic. Businesses must enable their employees with the necessary strategies, solutions, and tools to succeed. Working remotely (or in a hybrid model) does just that, and it’s the most critical argument here. Too much of a “casual” feel to work doesn’t mean that work is being negatively impacted nor does it mean that all remote workers will succumb to burnout (as Spiers writes: “Their personal needs don’t get met because work has so invaded their personal lives that there is no dedicated time for non-work life.”).

Remote work burnout is an issue, for sure. We’ve written about it here on the Future of Work Exchange (rather recently, too!). And I won’t be a hypocrite here: there are many weeks that I’m hitting 70 or 80 hours (or more), as are many of you reading this article. There are times when I sacrifice my personal or family time for work. However, the flexibility will always outweigh whatever imbalances pop up from time-to-time. The fact that I can make breakfast for my kids in the morning or say hi to them in the afternoon instead of being locked in an office? I would gladly take some of those late nights and long weeks for the ability to do these things. It’s a beneficial trade-off, as is the fact that I gain two hours not spending on commutes everyday; I can take the dog for a walk if I have an hour break, or schedule a doctor’s appointment without having to take an entire day off.

The other big point Spiers made in her article is that employers have the ability to “punt” on advancement conversations due to the “informal” environment of remote and hybrid workplaces. She argues that junior and less experienced employees may take on additional work without a clear path to promotions and advancement. While this may be the case in some organizations, I can confidently say that not all business leaders think this way.

The most glaring omission in Spiers’ article is this: she doesn’t mention the “Talent Revolution” happening today, nor the fact that the so-called “Great Resignation” is occurring because of a lack of flexibility within the workplace. Tens of millions of workers have left their roles because of lack of these dynamic benefits, so much so that business leaders are actively trying to configure new ways to find, engage, and source talent based on the overall culture and flexibility of the enterprise itself.

Work may be becoming more casual, but that’s not a bad thing.

Building the Hybrid Workplace is 2022’s Best Path Towards Digital Transformation

Business Leadership Technology and Innovation by Christopher J. Dwyer on 02/07/2022

As far back as four or five years ago, you couldn’t escape the greater business discussion of “digital transformation.” The discourse around digital transformation was quite simple and straightforward: enhance organizational efficiency, operations, and functional value through the adoption of automated solutions and digital technology. Now, the conversation may be much more stripped down than the concept itself, however, as implementing enough systems, connecting them via intricate architecture, and driving real solution adoption are all much more difficult, of course.

The other side of digital transformation (particularly business agility), too, is the fact that the “digital enterprise” harnesses the power of digitization to boost internal and external experiences (candidate, supplier, user, etc.) and end-to-end business processes. When this is taken into consideration, the goal of becoming a truly digital enterprise is that much harder, given the interconnections required to achieve these technology-led and business goals.

An enterprise’s best path towards digital transformation today is to capitalize on something that had been organically growing since before the pandemic while becoming a standardized way of operating during disruptive times: remote and hybrid work. The “hybrid workplace” requires many of the same measures that end-to-end digital transformation does, up to and including executive buy-in, the necessary software, and the cultural attributes needed to drive adoption and value.

Developing the next great hybrid workplace requires investments and resources akin to a full-scale digital transformation. No one said it was going to be easy, however, if a business had been long willing to invest time, money, and energy into digital transformation, why shy away now? Consider the stakes at hand: the so-called “Great Resignation” is largely occurring because employees desire flexibility, agility, and other aspects not related to compensation. The hybrid workplace is not just a “nice to have” at this juncture but rather a pure business investment that will pay incredible dividends in terms of productivity, engagement, and worker experience. Back in 2016 and 2017, digital transformation was the hottest business topic; let’s take that level of passion for digitization and apply it towards building the next great hybrid workplace.
Removing redundancies means a smoother, end-to-end experience for both traditional and remote workers (as well as other key stakeholders, partners, and suppliers). Digitally transforming the workplace to account for a hybrid infrastructure doesn’t just benefit those that primarily work from home. The digital enterprise is founded on a seamless user experience that allows all stakeholders and employees to access data, automation, intelligence, content, etc. in an on-demand manner. By shoring up technology gaps, removing redundancies for access (i.e., too many access points for stakeholders and workers), and providing a near-limitless experience, the greater business benefits from these digital enhancements.
An operational hybrid workplace translates into a superior employee/worker experience. While it’s true (and stated above) that workers crave flexibility, they also desire an overall “work experience” that allows them to be productive, happy, and collaborative. During the early days of the pandemic, the shift to remote work was borne of necessity, leaving little room to account for hybrid workplace nuances. Today, businesses have had time to plan and implement the best-fit hybrid work infrastructure and can truly develop a digital workspace that not only is operational and efficient, but also enables workers with a more positive overall experience. Most importantly: they will have the tools they need to be productive and effective in their roles…a surefire factor in keeping them from taking their talents to another organization.
Hybrid work technology represents the best of what digitization has to offer, allowing enterprises to set the stage for digital transformation. The simplest reason why developing a hybrid workplace is the easiest pathway to digital transformation? The technology in use is current, modern, and is connected to the core components of the Future of Work movement: it creates accessibility, drives intelligence, and boosts interconnectivity between humans and systems. Digital workspace technology is collaborative in nature and enables communication between functional units, as well as automated, on-demand sharing of data and content. The original foundations of digital transformation, even several years ago, revolved around the concept of real-time connections and superior interconnectivity between workers, leaders, customers, and suppliers. The hybrid workplace of today represents all of the aspects…and more.

“The Great Resignation” Is a Problem for All Businesses

Business Leadership Talent by Christopher J. Dwyer on 02/02/2022

I know, I know. We’re all getting sick of the phrase. It’s one of the main reasons why we need to look farther and deeper for why “The Great Resignation” is happening instead of pointing at the big, headline-inducing numbers. While we all wait with bated breath for the Bureau of Labor Statistics’ next report on resignations (the last one, which covered November 2021, showed a then-record 4.5 million quits in the United States), let’s take a moment to remember this:

The “talent revolution” is happening across all sectors and industries. I’ve heard conversations in which point to specific verticals as being more prone to quits than others, particularly areas like hospitality, restaurants, retail, travel, etc., considering that employees within these industries are more likely to desire flexibility, better pay, safer working conditions, better work-life integration, clearer career pathways, etc.

However, this discussion leaves so much more out of the equation. Take, for instance, this now-weeks-old article from The New York Times. It talks of the low-income sector’s turnover rates as a big reason why The Great Resignation was continuing to shatter monthly records consistently. But then we have this piece from my hometown Boston Globe, which finds that a booming local market (biotech, perhaps the “hottest” of industries at the moment) faces the same issues as other industries:

“About 16.5 percent of life sciences employees in Massachusetts voluntarily quit their jobs last year, a recent survey from research firm Radford found, up from 13 percent in 2018. Both figures are high enough to affect a company’s effort to grow.”

Massachusetts has become a hotbed of biotech giants and startups alike. It’s home to one of only two companies that offer an FDA-approved COVID-19 vaccine (Moderna). And it’s now facing the same staff shortages and turnover rates that other industries have been experiencing for nearly a year.

One critical, yet overlooked, reason why The Great Resignation continues to be an annoying issue is no business leader wants to believe it’ll happen to his or her industry…until it actually does, and by then, the numbers will point to the fact that it’s been happening for quite some time, right under their noses. All the more important, then, that enterprises attack this problem right at its foundation: talent.

Look at the media/relations/advertising industry (or industries): this fantastic article at AdAge is FILLED with quotes from leading ad execs that all state a common refrain. They understand that the market is shifting, that talent acquisition must change (and change quickly), and that Future of Work attributes, especially the extended workforce, are a means to success during these strange times:

“One potential upside that Ad Age reported on last year was that ad industry turnover isn’t a true “brain drain”—employees might not be qualifying for W-2s, but because contract work is thriving again, many are leaving staff jobs for freelance. In fact, an estimated 50% of the ad industry could be freelance within the next decade.

“We see the hybrid workforce as a win/win,” says Brett Channer, founder and CEO of Mass Minority. “As we grow across North America, this gives us access to a wider range of talent representing the market we serve.” For anyone who might see an increase in various state income tax requirements as a deterrent to freelance or location-agnostic hiring, Channer notes that though “it does add cost to our payroll operation, those costs are lower than the overhead to office these people.””

Purpose is a big contributor to the Talent Revolution. Flexibility is a core ideal, as well. Remote and hybrid work are non-negotiable at this point. These are the foundational aspects of what talent wants, what talent needs, and what talent will not sacrifice in 2022 and beyond. The Great Resignation is not just an issue for specific industries or verticals, but rather all enterprises within corporate America. If businesses can welcome the transformation of talent, harness the power of Future of Work strategies and tools, and truly embrace the workforce shifts happening today, there is hope that The Great Resignation will be looked back on as a watershed moment for workers in these progressive times of the past two years.

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

Solution Providers Technology and Innovation by Christopher J. Dwyer on 02/01/2022

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.