It'll be interesting to see how many companies react once they realize their back office can truly be remote and they don't really need face to face communication. If they just need a bunch of left-brain people to run processes and numbers, why bother putting them under the same roof and taking on all that additional overhead.
Think about the rent and salaries for accountants in major cities compared to the suburbs. I know outsourcing isn't new, I completely get that. I also know that companies that do not like outsourcing also have their back-office be located in tertiary cities. That's nothing new.
But now they will really start to realize it. Every CEO and CFO will sit back and review the numbers while coming up with their liquidity analysis and forecasts and start to realize - "I guess we don't need them next to us".
In the areas where offices have fully resumed at full capacity, they probably didn't have enough time to fully realize it. For offices that are voluntarily remote and will for a few months, this can be a true game changer in terms of how they view bean counters.
Think about the rent and salaries for accountants in major cities compared to the suburbs. I know outsourcing isn't new, I completely get that. I also know that companies that do not like outsourcing also have their back-office be located in tertiary cities. That's nothing new.
But now they will really start to realize it. Every CEO and CFO will sit back and review the numbers while coming up with their liquidity analysis and forecasts and start to realize - "I guess we don't need them next to us".
In the areas where offices have fully resumed at full capacity, they probably didn't have enough time to fully realize it. For offices that are voluntarily remote and will for a few months, this can be a true game changer in terms of how they view bean counters.
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