I spoke to 1,000+ companies over the last 6 months about their plans for remote work going forward

Here are a few things I've learned

[ a thread ] 💻🏠🌍

🏢 HQ's are finished: companies will cut their commercial office space by 40-70%

The will allow every worker to work from home 2-4 days a week, and come into the office 1-2 days a week

https://t.co/RY56yplNar
🎡 home-office setup: Companies who cut their office spend will use that money to provide world-class setups for their teams at home

Companies who don't will lose people to companies who do
🌍 Fully distributed: ~30% of the companies we talk to are getting rid of the office entirely and going remote-first

Companies doing this have seen their workers decentralize rapidly, leaving expensive cities to be closer to family
⭐️ Access talent: The first reason they are going remote-first is simple – it lets them hire more talented people

Rather than hiring the best person in a 30-mile radius of the office, they can hire the best person in the world for every role
💰 Cut costs: The second reason they are going remote-first is because it lets them be far more cost-efficient

Rather than spending $20,000 / worker / year on office space they can provide the best remote setup on the planet for $2,000 / worker / year
📈 Remote burnout: The productivity inside the companies we've spoken to has gone through the roof

Their biggest concern is that workers burnout because they are working too hard

They are actively exploring ways to combat this
🏖 Set time-off: To combat burnout companies are looking at policies which dictate workers should take X number of days off every 13 weeks

Expect this number to begin at 2 days every 13 weeks and grow closer to 5 days every 13 weeks
✈️ Remote onsites: 60%+ of companies we talk to are already thinking about ways to use time together physically to improve culture

The most popular we hear is flying the team into remote locations for ~week. Portugal, Spain, Puerto Rico seem to be the most popular
💃 Personal choice: the smartest people I know personally are all planning to work remotely this decade

The most exciting companies I know personally all plan to hire remotely this decade

~90% of the workforces we've spoken to never want to be in an office again full-time
🚨 Async by default: is the thing that organizations are struggling with most

The majority of companies have replicated the office remotely and it is causing strains that are beginning to show
🤕 Personal injury: These are exploding. Companies haven't moved quickly enough to prevent them and back, neck and repetitive strain injuries are becoming a huge problem

Expect this to remedy this quickly by providing better, ergonomic equipment to workers
🏭 Pollution reduction: many companies we've spoken to care massively about the environmental impact that eradicating the office – and the commute – will have

108 million tons of Co2 less every year
❤️ Quality of life: even more importantly companies are realizing that they don't need to expect workers to waste 2 hours a day commuting to sit in an office chair for 8 hour

Almost every company we talk to believes that their workers will be happier as a result of remote work
😨 Remote pressure: a few companies we've spoken to have decided to be more remote than they initially intended because their competitors already did it

There is a fear inside companies that if they don't go remote they will lose their best people to their competitors
⚡️ Personalized tooling: Companies are realizing that forcing individuals to use the same tools is stupid

Increasingly individuals will be given the power to choose the software tools they want to use to do their job

Work designed for the individual rather than the collective
🚀 Output over time: the measure of performance in the office is how much time you spend sat in your seat

The measure of performance while working remotely has to become output. Tools that enable this to be tracked more accurately are something we are asked for a lot
✍ Written over spoken: documentation is the unspoken superpower of remote teams. The most successful team members remotely will be great writers

Companies are searching for ways to do this more effectively. Tools that enable others to write better will explode
👨‍💼 Flattened orgs: middle management is in trouble, an unnecessary bottlenecks that serve no tangible purpose inside async organizations

Companies need coaching and facilitators to maximize organizational effectiveness
Interested in why these companies are talking to us?

https://t.co/vM4B5Azi3S

More from Chris Herd

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🚨 192% Growth SPAC 🚨

💸 Katapult provides leasing solution for e-commerce websites

🔥 It enables non-prime customers to lease durable goods online

🚩ALL founders left and $CURO owns 50% of Katapult

⁉️ What is hidden behind the $FSRV SPAC ⁉️

Here is an EASY thread 👇


Katapult was founded in 2012 and was initially called Zibby and operated by Cognical

💸 By 2015, it had raised $ 10m in equity and debt from VC funds such as Tribeca Venture Partners and Blumberg

Cognical was founded by 👇

Brandon Wright - a Cornell MBA who later founded @payfully

Ashutosh Saxena - a PhD in AI from Stanford (awards:
https://t.co/YfViWWXqru)

Chinedu Eleanya - a serial entrepreneur who later founded @GetMulberry which sells extended warranty to shoppers

Zibby was a “Lease-To-Own” service designed for durable goods & products (furniture, appliances, electronics)

1️⃣ When customers purchase an item online, Zibby retains the rights to this item

2️⃣ Zibby rents the item to the customer

3️⃣ The customer can decide to purchase the full ownership rights of the item at any time

This model proved successful and Zibby was incubated by Cornell

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Where to begin?

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"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991."
https://t.co/DAEgchNyTP


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Dalton School...Dalton School...rings a

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