Not becoming remote-first will lead to a Trillion $ company being replaced

A few reasons why this will happen

[ a thread ] ๐Ÿ’ป๐Ÿ ๐ŸŒ
๐Ÿ“œ The Past: What happened to every company that didnโ€™t adopt computers?

What happened to every company that didnโ€™t implement Software?

What happened to every company that didnโ€™t accept the internet?

Whatโ€™s about to happen to every company that doesnโ€™t embrace remote work?
๐Ÿ“Š The Data: 9 in 10 people never want to work in an office again full-time

Full-time office companies face the biggest exodus of talent in history

We are about to see the highest period of turnover in history between companies
๐Ÿ‘ฏโ€โ™€๏ธ eCommerce vs. Stores: Physical retail is no longer economically viable because eCommerce is more convenient, cheaper, and it offers far more flexibility, control, and choice

Virtual-first companies crush office-first companies for the same reason
๐Ÿง  The Knowledge Economy: In a knowledge economy, companies are only as strong as their talent

Talent is demanding remote work and the number of people who want it will explode post-Covid
๐Ÿฆ  Pandemic Remote: Millions of people have only experienced the worst possible version of remote work

- lockdowns
- homeschooling
- canโ€™t see family
- unable to travel

Normal remote work is 100X better than pandemic remote work
๐Ÿข Office Problems: Having to attend an office any number of days a week dilutes the benefits of remote

๐Ÿcanโ€™t live anywhere
โœˆ๏ธ canโ€™t travel regularly
๐Ÿ“†schedule is still fixed

This limits the talent companies will be able to attract and retain
๐Ÿ” Remote Work Dilemma: If youโ€™re less remote than your competitors youโ€™ll bleed your most talented people to them until it kills your business

You lose because theyโ€™re more talented and efficient. They win by giving your people what they want

Especially true for big companies
๐Ÿญ The Next Industrial Revolution: Remote work lets us evolve past production line workdays

Instead of work being designed for the collective, it becomes personalized to the individual

This is huge
๐Ÿ”ฎ The Future of Living: Remote isnโ€™t just about the future of work, remote work is a bridge to a higher quality of life

Itโ€™s an answer to many of the societal and demographic challenges we face.
๐Ÿ”‘ Access Opportunity: Remote work should lead to the most diverse accessible and inclusive teams in history

- single parents
- carers for others
- anyone with a health conditions
or impairments that make the
office impossible

Office-first companies lock these people out

โ€ข โ€ข โ€ข

Missing some Tweet in this thread? You can try to force a refresh
ใ€€

Keep Current with Chris Herd

Chris Herd Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @chris_herd

13 Aug
The media obsession of asking people what theyโ€™d *give up* for remote work is wrong

We ran a survey to ask people what what they *expect*

200+ people responded: what we learned is fascinating

[ a thread ] ๐Ÿ’ป๐Ÿ ๐ŸŒ
โœ… Worker Choice:7 in 10 employees want to be free to choose where they work

2 in 10 want to be fully remote
1 in 10 want to be in office "a few days a week"

Only 3 in 100 want to be in the office full-time
๐Ÿชœ Remote Support: 8 in 10 workers think companies should do whatever it takes to make remote work great

2 in 10 think there should be moderate support to help remote workers

Only 2 in 100 think companies should optimize for the office & let remote workers fend for themselves
Read 21 tweets
6 Aug
The media continues to get the rise of remote work wrong

Every employee knows the stories by CEO's of big companies + landlords who own offices are false

I've spoken to 2,000+ remote workers in the last 12 months

A few predictions on what's going to happen

[ a thread ] ๐Ÿ’ป๐Ÿ ๐ŸŒ
๐Ÿข HQโ€™s are finished: companies will cut their commercial office space by 50-70%

The will allow every worker to work from home 2-4 days a week, and come into the office 1-2 days a week
๐ŸŒ 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
Read 19 tweets
30 Jul
Over the last two weeks Iโ€™ve spoken to 10 x Billion $ companies cancelling return to the office due to the delta variant

A few predictions on what most companies are about to do

[ a thread ] ๐Ÿ’ป ๐Ÿ  ๐ŸŒ
โ˜ ๏ธ Office Death: leases are expiring and not being renewed

By the time people can return to the office a lot of companies will no longer have space to return to
๐Ÿƒโ€โ™‚๏ธCity Flight: workers will continue to leave the cities their offices are located in

Many will end up quitting their jobs if their companies try to force them back to the office
Read 19 tweets
23 Jul
I've spoken to 2,000+ companies over the last 12 months about their plans for remote work going forward

Here are a few things I've learned

[ a thread ] ๐Ÿ’ป๐Ÿ ๐ŸŒ
๐Ÿข HQโ€™s are finished: companies will cut their commercial office space by 50-70%

The will allow every worker to work from home 2-4 days a week, and come into the office 1-2 days a week
๐ŸŒ 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
Read 23 tweets
16 Jul
The 2020s are the Remote Work decade

A few more predictions of what is likely to emerge

[ a thread ] ๐Ÿ’ป๐Ÿ ๐ŸŒ
๐Ÿค– personal RPA: robotic process automation will transform work for individuals

No-code tools that enable workers to built bots that automate menial parts of their roles will be huge
๐Ÿ’€ Death of HQ: the office is dead but offices will persist. Theyโ€™ll be used less frequently then hardly at all

Co-working, subscription clubs, will emerge that let workers who prefer that mode of work to operate from there
Read 25 tweets
9 Jul
On March 12th 2020 the world changed

In the 15 months since remote work has accelerated 15 years into the future

Where prior to the pandemic only 3% of the US workforce worked remotely full-time, after the pandemic 10X that number will

[ a thread] ๐Ÿ’ป๐Ÿ ๐ŸŒ
The numbers ๐Ÿ“Š

3โ€“4M full-time workers operated remotely full-time in 2018

By 2030 that number looks set to grow to at least 80M workers

I expect that number to increase dramatically as millions of workers experience normal, healthy remote working for the first time
Pandemic Remote๐Ÿฆ 

What people have worked through in the last 15 months has been the worst possible version of remote work

Lockdowns, homeschooling, unable to travel, canโ€™t see friends, little freedom to do the things that make us happiest
Read 31 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(