Microsoft forecasts the Next Great Disruption as Hybrid Work
Microsoft Corp (NASDAQ: MSFT) ("Microsoft") today announced the findings from its first annual Work Trend Index. Titled "The Next Great Disruption is Hybrid Work – Are We Ready?" the report uncovers seven hybrid work trends every business leader needs to know as we enter this new era of work. The report indicates that business leaders should resist the urge to see hybrid work as business as usual.
"The world is on the brink of a disruption as great as last year's sudden shift to remote work: the move to hybrid - a blended model where some employees return to the workplace and others continue to work from home," says Rosalind Quek, General Manager, Modern Workplace, Microsoft Asia. "Adapting to this new hybrid model will require rethinking of long-held assumptions. The choices you make today will impact your organization for years to come. It's a moment that requires clear vision and a growth mindset. These decisions will impact everything from how you shape culture, to how you attract and retain talent, to how you can better foster collaboration and innovation.".
The last year has fundamentally changed the nature of work and shows that we are on the cusp of workplace disruption. The study revealed the following trends among the workforce in Asia, Australia and New Zealand, and Japan:
To help organizations through the transition, the 2021 Work Trend Index outlines findings from a study of more than 30,000 people in 31 countries and analyses trillions of aggregate productivity and labor signals across Microsoft 365 and LinkedIn. It also includes perspectives from experts who have studied collaboration, social capital, and space design at work for decades.
Seven global hybrid work trends every business leader needs to know
One thing is abundantly clear: Microsoft is urging businesses to recognize that work is no longer bound to traditional notions of time and space when it comes to how, when, and where we work.
In addition to uncovering what's at stake with the future of work, the Work Trend Index identifies five strategies for business leaders as they begin to make the necessary shift:
"During this pandemic we've observed a swift acceleration of certain pre-COVID trends. But perhaps one of the most exciting trends is this rise in remote work. As opportunity is democratized with remote work and talent movement, we'll see a spread of skills across the country and this is the time for business leaders to take the opportunity to access to different skills and talent not previously available to them." – Karin Kimbrough, Chief Economist, LinkedIn
To view the full findings, visit Microsoft's Worklab, a digital publication about the future of work.
Surveyed countries for Asia include India, China, Hong Kong, Taiwan, Singapore, South Korea, Indonesia, Philippines, Malaysia, Thailand, and Vietnam
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