Banks have already taken a series of actions in reaction to the spread of COVID … If more No. McKinsey Center for Future Mobility The impact of COVID-19 on future mobility solutions As the global pandemic spreads, mobility players need to ... And remote work—now common during the pandemic—could become the norm if companies recognize its power. It’s hard to turn a blind eye to that kind of savings, especially if it doesn’t have a negative impact on your sales. McKinsey, a global consulting firm, estimated that global travel costs reached $1.4 trillion in the same year. In one of its most popular articles of 2020, McKinsey & Company published a guide for businesses to deal with the next coronavirus crisis. McKinsey Global Institute. lisa.nagele-piazza@shrm.org. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. A recent Gartner poll showed that 48% of employees will likely work remotely at least part of the time after COVID-19 versus 30% before the pandemic. Purpose sets priorities (enables rapid change in focus from multiple competing priorities to most critical objectives) 2. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. At the same time, banks may begin to stress test their capabilities and financials, laying the groundwork for identifying long-term strategic implications and ensuring a smooth bridge between the present and future. Then COVID-19 hit last spring, and US airline capacity decreased 70%—perhaps the catalyst to a long-term trend. Immediate response. Physician employment continues to grow, and may accelerate after COVID-19. Source: The future of work in Europe, McKinsey & Co. And in some cases, COVID-19 has forced the pendulum of a long-observed pattern to one extreme. During the COVID-19 pandemic, organizations have experienced a burst of acceleration, fast-forwarding into the future of work in ways that stress-tested their ability to blend people and technology in the most dynamic business environment many of … While Covid-19 has been a catalyst for AI and analytics adoption by many businesses that hadn’t digitized their operations, Tamim Saleh, Senior Partner, McKinsey … While most businesses have a … McKinsey Quarterly According to an American Medical Association report, physician employment has grown 13 percent since 2012, with the percent of employed physicians surpassing their cohorts in physician-owned practices for the first time in 2018. The displacement of jobs due to automation also varies across countries, as can be seen in a … COVID Response Center. 1: Increase in remote working. How Has the COVID-19 Pandemic Shaped the Future of Work? Building a sustainable post-COVID future. 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