Average weekly - 60%
Peak Day - Wednesday 70%
Low Day - Friday 35%
Research continues to uncover more complexity than meets the eye for both advocates of remote work and those wishing for higher levels of in-office work. It isn’t as straightforward as many would have suggested just 6 months ago. The employee advantage in the marketplace of 2021 and 2022 is rapidly changed to a more balanced market. What was once described as the Great Resignation is becoming known more accurately as a period of reassessment.
Fewer people are switching jobs based on remote work policies even though companies are pressing for more in-office work. Europe’s return to the office figure are higher in most surveys by approximately 10% than American based office workers.
As we approach the eve of the fourth anniversary of the ‘Great Office Shutdown’ the new normal for remote work is still being defined, We do expect to see more evidence of the relationship between in-office work as a percentage of remote or work from home later this Spring.
Your SRRA team.
Links to Articles of Interest
Bank of America Sends ‘Letters of Education’ to Staff Who Haven’t Yet Returned to the Office
The letters, referencing Workplace Excellence Guidelines, were sent to employees who have failed to meet the office work requirements to be in the office a minimum of three days a week despite numerous reminders to do so, according to the Financial Times. "Failure to follow …. expectations applicable to your role … may result in further disciplinary action,” FT reported.
British Firm Suggests that U.S. Employers Winning the Battle to Force Return to the Office
A UK cloud=based software company surveyed 100 companies in the U.S., finding that fully remote office work is trending down. Despite being unpopular, RTO mandates appear to be winning, the survey found.
Lack of Bandwidth Could be Focus of Post-Pandemic Investment Decisions
Access to quality digital infrastructure became a hot topic during the pandemic as the world shifted to remote work. As the workplace continues to search for equilibrium, landlords whose buildings cannot meet today’s expectations could have a problem, experts suggest.
We-Work Helping Employers With RTO
The co-working sector is shrugging off problems with unpaid office leases to focus on programs aimed at supporting trends to long-term hybrid working, providing the tech support to allow “companies of all sizes make executive decisions on how to use their space as effectively as they can.”
We Work Influenced Tenant Expectations for Office Space
“If we look at the positive impact of WeWork, then it changed tenant expectations of what is possible. You don’t have to work for Google to be in a cool office,” notes an executive from a rival firm.
Read article here.
Cosmetic Giant L’Oréal Says ‘Non’ to Le Long Weekend
Although the company made three days a week its baseline for over a year, a new crackdown will see mandatory attendance on Fridays at least twice a month, with executives suggesting that too many were viewing WFH on a Friday as the start of a long weekend.
Read article here.
“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],”