Special Feature
Part of a ZDNet Special Feature: Working from home: The future of business is remote

CFOs confident in reconfigured work, processes, offices, but employees wary, says PwC survey

At a high level, two thirds of CFOs are "very confident" that their company can create a safe workplace, but employees are wary.

How the new normal of work and IT budgets may unfold for rest of 2020

Chief financial officers are becoming more confident that they can safely implement back-to-work plans with reconfigured offices and safety procedures, but employees are not so sure, according to the latest PwC CFO survey.

At a high level, two thirds of CFOs are "very confident" that their company can create a safe workplace. That new workplace is likely to include more flexible work models as 68% say transitions to remote work have made their companies better.

But the wild card is that employees may be a harder sell. Among CFOs, 47% were very confident they could manage their employees' well-being and morale. According to PwC's COVID-19 Employee Pulse Survey, 61% of workers are concerned about their employer using a wearable device to track location and proximity to those infected, 52% worry about workplace cameras and 49% are concerned about required COVID-19 testing.

More: What does the new normal look like post COVID-19? 15 CXOs answer | Offices, work sites, employee roles to be reconfigured post COVID-19, say CFOs | CFOs plan to spend more on virtual business tools, automation, says Deloitte

Add it up and the reboot of work and the economy is likely to have some growing pains. A few takeaways:

  • 58% of CFOs are planning to alternate crews and change shifts as work resumes on-site.
  • 43% of CFOs plan to make remote work a permanent part of the mix for roles that allow it, but that is down from 49% two weeks ago. OpenText won't reopen half of its physical offices post COVID-19 pandemic
  • 73% of respondents plan to reconfigure work sites to promote social distancing, up from 65%.
  • Overall, 72% of CFOs say that the COVID-19 crisis will give their companies better resiliency with another 68% citing work flexibility.
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Other odds and ends:

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