Remote Work: Productivity Up, Innovation Down

“The pandemic presented unprecedented challenges for the workplace. For most, a decline in productivity wasn’t one of them; 39% of businesses actually reported an increase in productivity after shifting to remote work at the start of COVID-19.
Despite a general consensus that innovation is key to adding value to a business, staying ahead of the competition, and solving the world’s biggest problems, organizations tend to spend a very small percentage of their budgets on promoting innovation internally—just 5%, according to Harvard Business Review, while 85% goes to daily operations.
When innovation is a core value of a company, however, it gives employees permission to spend time and energy on new ideas—rather than focusing entirely on putting out the nearest fire. By centering innovation in company culture, we encourage our employees to think ahead, to take risks that lead to groundbreaking ideas.”