SIMONE DEL ROSARIO:
YOU ROLL OUT OF BED, POUR A CUP OF COFFEE AND MAKE SURE YOU’RE PRESENTABLE FROM THE WAIST UP. THIS IS THE LIFE OF WORK FROM HOME. BUT IS 2023 THE YEAR OF “RETURN TO OFFICE?” HERE ARE THE SIGNS IN THIS WEEK’S FIVE FOR FRIDAY.
WE ALL KNOW COVID WAS THE CATALYST FOR WIDESPREAD WORK FROM HOME, BUT COMPANIES WERE ITCHING TO GET BACK TO THE OFFICE BY 2022. DELTA AND OMICRON VARIANTS UPENDED THOSE PLANS. BUT NOW CASES HAVE LEVELED OFF FOR THE MOST PART, KNOCK ON WOOD, AND IT’S “TAKE 2” FOR 2023.
BELIEVE IT OR NOT, 60 PERCENT OF REMOTE-CAPABLE WORKERS PREFER A HYBRID WORK ENVIRONMENT, ACCORDING TO A GALLUP POLL. THAT’S NEARLY DOUBLE THOSE WHO PREFER BEING FULLY REMOTE. BUT FIVE DAYS A WEEK? ONLY 6 PERCENT SAY THEY WANT TO BE ON-SITE FULL TIME. HINT: IT’S THE SAME PERSON WHO VOLUNTEERS TO COME INTO THE OFFICE ON A SUNDAY.
BUSINESS IS ABOUT THE BOTTOM LINE AND OFFICE SPACE COSTS A TON. ESPECIALLY IN THE TECH HUB OF SAN FRANCISCO WHERE IT’S MORE THAN $75 BUCKS A SQUARE FOOT, NEARLY DOUBLE THE NATIONAL AVERAGE. COMPANIES CAN’T BE WASTING ALL THAT MONEY ON PREMIUM SPACE. KASTLE’S BEEN TRACKING A STEADY INCREASE OF FOLKS REPORTING TO THE OFFICE, A SIGN OF WHAT’S TO COME.
YOU KNOW WHAT THEY SAY, IF AN EMPLOYEE NEVER GOES TO THE OFFICE, DID THEY EVER REALLY WORK THERE? THAT’S KIND OF HOW 96 PERCENT OF BUSINESS LEADERS SURVEYED BY RESUME BUILDER FEEL, BELIEVING THERE ARE MORE BENEFITS TO IN-PERSON WORK. EVEN THOUGH EMPLOYEES WITH FLEXIBLE SCHEDULES CLAIM TO BE 29 PERCENT MORE PRODUCTIVE. MAJOR FIRMS LIKE APPLE, DISNEY AND STARBUCKS HAVE ALREADY MANDATED RETURN TO OFFICE IN SOME CAPACITY, SO YOU KNOW OTHERS WILL FOLLOW RIGHT BEHIND.
WORKERS HAD ALL THE POWER AFTER THE PANDEMIC SHOCK. BY MARCH OF 2022, THE U.S. HIT A RECORD 11.5 MILLION JOB OPENINGS. EMPLOYERS FIGHTING FOR GOOD HELP DISHED OUT HIGHER WAGES AND FLEXIBLE CONDITIONS. BUT PAY INCREASES ARE SLOWING AND CONCERNS OF A GLOBAL RECESSION COULD TIP THE SCALES OF POWER BACK TO THE EMPLOYER. 21% ALREADY SAY THEY’LL FIRE EMPLOYEES WHO REFUSE RETURN TO OFFICE.
WE’VE GOT A STANDOFF HERE BECAUSE 60% OF REMOTE WORKERS SAID THEY’D RATHER QUIT THAN COME BACK. SEEMS LIKE BOTH SIDES ARE CALLING THEIR BLUFF. I’M SIMONE DEL ROSARIO. THAT’S FIVE FOR FRIDAY. IT’S JUST BUSINESS.