Occupancy Index - August 1, 2022

Comments–

The future of work from home is challenging the “C” suite, strategic planners, and HR departments everywhere. Organizing corporate culture remains the number one objective while the home is still the majority place of work. More and more employees are making the return at least a few times a month, we estimate this number to exceed 60%.

Most companies are targeting September for a higher ratio of in office work. We began to see this during the last two weeks of July and expect it to continue in August.

Enjoy the rest of the summer!          

Stay safe, your SRRA team.

Links to Articles of Interest

Dig beneath the headlines! 

Thoughtful review of ever-changing perspectives on remote work and the challenge of sustaining a company’s work culture, recruiting and retaining workers and more. A MUST read.

Veteran HR professional argues that decisions on whether to return to the office are rarely black and white, and fail to place appropriate emphasis on the value of creating quality in-person work environments that respect differences.

Britain embracing hybrid work with a vengeance – google searches and LinkedIn postings confirm

Sometimes even an author with a vested interest is worth reading. The founder of IWG offers some insights worth thinking about.

Calling all bean counters. New evidence that hybrid work can save employers money

Economist ponders the issue of career trajectory – what will be the thinking five years into this new reality?

Major U.S. employer skirts the issue on ‘mandate’ but makes it clear that their people must be in-person at least three days a week

Famous ‘outsider’ opines on the role that can be played by being present in the workforce - even though he wouldn’t be caught in an office to save his life

 “The Occupancy Index is supported by the City of Toronto, Financial District BIA, Bloor-Yorkville BIA, The Waterfront BIA, Downtown Yonge BIA, St Lawrence Market BIA and Toronto Entertainment District 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],”