The number of people coming into the office once a week has soared in recent months, as employers from Apple Inc. to Peloton set deadlines for office workers' return.
A full 50 percent of office appearances globally were just once a week in the second quarter, up from 44 percent in the first quarter, according to data from Basking.io, a workplace-occupancy analytics company. At the same time, the second quarter saw fewer people making the commute four to five days a week, especially in large cities.
Recession fears have many wondering whether a return-to-office crackdown might be around the corner. Major companies like Tesla Inc. and Goldman Sachs Group Inc. are at the forefront of this effort. Even bestselling author Malcolm Gladwell has said people need to be in the office to have a "sense of belonging." Yet, many employees feel comfortable ignoring mandates in the tight labor market, as the demand for workers far outpaces the supply.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.