Four-fifths of CEOs expect Covid pandemic to entrench remote working: PwC

New York, London and some other major cities currently have only a fraction of their normal workforce in offices as employers and governments have told staff to work from home

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Work from home | India Inc | Coronavirus


Reuters  | 
London 

Work from home, wFH

Two-thirds of chief executives expected a global economic downturn as a result of Covid.

Almost four out of five chief executives expect remote working to become more widespread in their businesses as a result of Covid-19, a global survey from accountancy firm PwC showed on Tuesday.

New York, London and some other major cities currently have only a fraction of their normal workforce in offices as employers and governments have told staff to work from home where possible.

While some authorities are now encouraging a return to work, PwC said 78% of the chief executives it surveyed expected that at least some of the shift towards remote collaboration would prove enduring.

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“A blend of office and home working is most likely to be the future norm,” PwC UK’s chairman Kevin Ellis said.

Two-thirds of chief executives expected a global economic downturn as a result of Covid, and more than three-quarters expected a further shift towards automation.

PwC’s survey was based on responses from a panel of 3,500 of its clients globally conducted between June 15 and July 3. PwC’s network of firms operates across 157 countries.

First Published: Tue, August 11 2020. 07:46 IST