Work-from-home set-ups seen staying even after pandemic: CEO survey

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/tvpatrol/09/14/20200318-covid-work-from-home-md-01.jpg"/><figcaption>A merchant associate for a financial technology company works from his home in Quezon City on March 18, 2020, amid the enhanced community quarantine for the whole of Luzon at that time. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA - Most CEOs are willing to keep the current work-from-home or alternative work arrangements for their organizations even after the pandemic due to cost savings, according to a survey by a major business group and a consultancy firm.A survey of 161 CEOs by the Management Association of the Philippines (MAP) and PwC Philippines showed that 73 percent of respondents see their organization implementing a work-from-home policy even after COVID-19 pandemic eases.&quot;The new business model that everyone was compelled to adopt is actually resulting into cost savings on the part of the business and enterprises,&quot; said Alexander Cabrera, chairman and senior partner at PwC Philippines.This set-up includes savings in office utilities, supplies, staff activities, conferences, transportation, and representation expenses, according to Cabrera.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/06/25/20/firms-now-prefer-hiring-people-with-work-from-home-setups-jobstreet">Firms now prefer hiring people with work-from-home setups: Jobstreet</a></li>	<li><a href="https://news.abs-cbn.com/business/09/02/20/soft-skills-remote-jobs-take-center-stage-during-virus-outbreak-linkedin">&#x27;Soft skills,&#x27; remote jobs take center stage during virus outbreak: LinkedIn</a></li></ul>Eighty-seven percent of the surveyed CEOs believe their organizational culture empowers employees to work effectively at home if the need arises.Forty percent of survey respondents also said they see a potential reduction in their office space in the next 12 months.&quot;I think people have become more accepting of the fact that they can do a business deal, they can relate with each other virtually,&quot; Cabrera said.But, he added, employees will eventually also want to be reimbursed for their work-from-home expenses.&quot;Corporations will need to deal with that and the cost is going to shift from spending in the office versus subsidizing the work-from-home arrangements that&#x27;s happening now.&quot;<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/13/20/senator-files-bill-proposing-p1000-monthly-allowance-for-home-based-workers">Senator files bill proposing P1,000-monthly allowance for home-based workers</a></li></ul>The survey was conducted from July to August involving 161 respondents from various companies, 50 percent of whom were from large firms, 34 percent from medium-sized businesses, 10 percent from small businesses and 6 percent from micro enterprises.These companies are in the fields of professional and business services, financial services, technology, manufacturing, as well as transportation and logistics.<div>-- Report from Bruce Rodriguez, ABS-CBN News</div>

Most CEOs are willing to keep the current work-from-home or alternative work arrangements for their organizations even after the pandemic due to cost savings.

Most CEOs are willing to keep the current work-from-home or alternative work arrangements for their organizations even after the pandemic due to cost savings.

Work-from-home set-ups seen staying even after pandemic: CEO survey | ABS-CBN

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Work-from-home set-ups seen staying even after pandemic: CEO survey

ABS-CBN News

Published Sep 14, 2020 07:24 PM PHT

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