Average weekly - 57%
Peak Day - Wednesday 68%
Slow Day - Friday 35%
Prior to March 2020, remote work was generally implemented by employers in circumstances which benefitted both the employer and the employee. The pandemic changed that especially in companies where remote work had previously not been permitted.
Employees, who could work remotely, experienced benefits not enjoyed while working in the office and for the most part were permitted considerable flexibility in determining where and when work was performed. Employers in 2023 began to gather the evidence necessary to determine the impact remote work was having on the culture of the workplace, productivity, and competitiveness.
Our research supports the conclusion that 2024 will see both employers and employees reaching a more stable and permanent management of where office work is best performed. We look forward to sharing more on the anticipated steady state of remote work in the New Year.
We pause our data collection during the December holidays. The next Index will cover the first half of January 2024, and is scheduled for release during the week of January 22nd, 2024. See the Articles of Interest below for some global perspective on the impact of remote work.
Have a safe and enjoyable holiday season….
Links to Articles of Interest
A look into 2024
Interesting research comparing remote work across the globe and opinion on the future of remote work in 2024.
For data nerds this Harvard Review sites an extreme dive into job postings
The headline suggests inequalities when determining who gets to work from home, but this interesting research uses Language Learning technology to survey vast amounts of job postings to base their conclusions on.
The Investor’s perspective on flexible work location,
The bias in this perspective suggests that companies are doing better with flexible work arrangements, the data is skewed to start ups and innovative teck companies which is no surprise.
While remote work has value it, “virtually eliminates spontaneous learning and creativity.”
The article is an unabashed cheerleader for remote work but says be careful what you wish for.
New incentives could boost satisfaction with in-person work, but few employers are making changes.
Retention of employees and the data surrounding the impact of remote work gets a thorough run through in this article quoting top HR specialists.
Restating what most believe, “the fully working from home is dead.”
EY produces a report underscoring that fully remote is a thing of the past replaced by the Hybrid model.
Converting office buildings to residential is no sinecure for buildings needing refinancing.
Commercial real estate is challenged to perform where overbuilding and tenant business failures are forcing owners into hostile financial markets, but converting to residential use is rarely an option.
“The Occupancy Index is supported by the City of Toronto, Downtown Yonge BIA, and Downtown West BIA. It is a measure of the percentage of office employees returning to the office compared to the number of employees who would normally have come to their offices pre-COVID. For a detailed description of the calculation please contact Iain Dobson at [email protected],”