TNF Lockdown Survey

TNF recently conducted a survey in May with our global community. Based on 200 responses, you can see the results in the accompanying charts, and there are some interesting overall trends that reflect the type of group that we are.

It seems that 65% of us have been managing to get out the house at least 3 times a week. While many of us living in cities have grocery stores nearby in a walkable distance, almost half still drive to get their provisions.

Video meetings have become very much an integral part of our working life now, and while Zoom was seen as a troublesome platform to get sign off on for corporate reasons, that seems to be changing now as more and more banks are engaging with it. Given that we have all been working from home, it’s understandable that over a third of us have held meetings while taking breakfast or lunch, and almost a fifth of us have had children join actively or passively in the background.

While the assumption of working from home pre-crisis was seen by many as a light option, the reality which we now know very well is that we can be just as efficientand operational resilience has been tremendous. However, for over 63% of us, the workload overall has increased. Much of this can be attributed to the commute from bedroom or kitchen to the desk without having to leave the house! This increased workload has been reflected too in the poll when we asked if our community had taken up any new hobbies during the crises. More than 65% had responded that they had no time… However it seems that for those in downtime who did manage to get away from their desks, a third of us had improved our cooking skills, and a third of us had engaged in more activities related to exercise.

Looking ahead to the future, 50% of you believe that working from home will be the new normal for a quarter of you, and a further 35% of you believe that homeworking will be embraced by more than half of your workforce. On a related note re. the future, it seems that when asked which superpower you would like you have, seeing into the future was for half of you as your top choice!

When lockdown ends (for some of us it has ended already, albeit a slow return to normal), the TNF community had expressed their true nature best as social beings. Top of the to do list when able to get back out there, was visit family and friends (55.6%), followed by going to a bar/pub (26.4%). This too might explain the main focus going forward from a work perspective in next 3-6 months would be “Market Intelligence and Monitoring Market Developments.” Does this mean a pent-up demand to carry out physical due-diligence and maybe tag on a conference as part of the trip? We certainly hope so!

What

TNF Lockdown Survey

How many days do you leave your residence in a week?

Once 33.3%

Three 27.8%

More 38.9%

How do you get to your nearest local shops / supermarket?

Drive 47.9%

Walk 38.9%

Neither, I get my groceries delivered 13.2%

Have you attended video meetings... (You can select more than one answer)

Of more than 20 people 37.3%

While having your breakfast or lunch 30.6%

(For an interesting further read on this article giving specific geo-breakdown of local answers to he above summaries, please visit this link on our News and Views pages on TNF website in the coming weeks)

In your pyjamas 14.4%

With your children 17.7%

Has the number of working hours in your day since the pandemic started...

Increased 63.2%

Decreased 10.4%

Stayed the same 26.4%

Stopped all together 0.0%

TNF Lockdown Survey

Do you see working from home being the “new normal” in the future for...

10% of your organisation 16%

25% of your organisation 49.3%

50% of your organisation 34.7%

What will be your main focus going forward in the next 3-6 months?

Third Party Oversight 14.6%

Regulatory Change Management 18.8%

Market Intelligence/Monitoring Market Developments 47.9%

Ongoing Business Continuity Planning 18.8%

What skill have you most improved upon at home?

Cooking 29.2%

Exersize / Fitness 34.0%

Streaming movies 9.7% 9.7%

Gardening 9.0%

TNF Lockdown Survey

Have you taken up any new hobbies during the crisis? (You can select more than one answer)

Jigsaws / Puzzles 4.6%

Drawing / Painting / Sculpture 2.6%

Wellness / Miditation 16.4%

A new musical instrument 3.3%

A foreign language 7.2%

No, there is no time! 65.8%

What are you reading the most?

Newspapers 26.4%

Novels 13.9%

Children’s Books (Bedtime stories) 8.3%

Recipes 2.8%

Online News /Blogs /Conspiracy Theories etc. 44.4%

Travel-related Cancellation Terms 4.2%

Have you had time to daydream about yourself as a superhero? What superpower would you have?

To fly 30.6%

Super strength 5.6%

Seeing into the future 49.3%

Invisibility 9.7%

X-Ray vision 4.9%

Do / did you have a foreign Summer holiday planned for 2020?

Wine appreciation 18.1% No 32.6% Yes 67.4%

When lockdown comes to an end, what will be the first thing you do?

Visit family / friends 55.6%

Go on holiday 7.6%

Go to the office 4.9%

Go to a bar / restaurant / pub 26.4%

Stay at home 4.2%

Donate your unused PPE 1.4%