Remote working has taken on a new dimension as businesses navigate the uncertainty around COVID-19. With many of us now facing the prospect of that uncertainty lasting for an extended period, powering your practice with the right tools will be important during this pandemic. But how many businesses will continue this way of working once they are back in the office?
Tools that have enabled secure online communication and collaboration, not only with your team members but also clients, have been an eye-opener for many. Many practices have witnessed, perhaps for the first time, how productive they can be out of the office environment.
Instead of hiring more and more office space, many may adopt more flexible business structures going forward. This would be a huge change with huge potential benefits including reduced costs, hiring from a wider location pool and flexible working patterns for key team members who have family commitments. It could be a key differentiator for attracting new talent to your practice.
We are also likely to see more virtual events being held in the future, long after the necessity to work remotely has passed. While we may be navigating the challenges of creating engaging virtual content for the time being, it’s likely that many exhibitors and presenters will become more adept at delivering virtual content in an engaging and compelling way. I am excited to see how these skills are put to use in the future.
As we slowly move into a new phase of the COVID-19 pandemic, thinking about how you will adapt to the here and now is important. But don’t forget to think seriously about the roles, technology and relationships you will need in a period of growth.
If you want the find out more about what the new normal will be in the accountancy industry, this article is a must-read for anyone thinking about the long-term not just for making it out of an economic downturn but a strategy for riding the economic upturn.