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Talent

Fully remote work plummets

HR Dive

December 12, 2023

Talent

Fully remote work plummets

HR Dive

December 12, 2023

Photo by LinkedIn Sales Solutions on Unsplash

Dive Brief:

  • Only 1% of businesses ask workers to spend one day or less in the office each week, down from 34% in 2022, according to EY’s Future Workplace Index, released Dec. 11. Eighty percent of respondents said they encourage or require employees to be in the office for three or more days a week.
  • While the consulting firm called the move away from full-time remote work “welcome news for the corporate real estate sector,” it said in a press release on the report that organizations are challenged with optimizing office space. Smaller companies have increased office space, while larger ones have decreased it but enhanced its quality, technology and amenities, it said.  
  • Automation is instrumental to collecting accurate data, planning space utilization and optimizing workspace comfort, Francisco Acoba, corporate real estate consulting and technology practice co-lead at EY, said in an interview.  

Dive Insight:

EY’s third annual Future Workplace Index anonymously surveyed more than 500 U.S. C-suite executives and business leaders across numerous industries. When working to optimize their space, 32% of organizations reported that their greatest challenge is creating the right kinds of workspaces by balancing individual and collaborative spaces.

In the last 24 months, 55% of respondents from small companies — those with 250 to 1,000 employees — have expanded their office space footprint, EY said in a Dec. 11 news release. Over the same period, 47% of mid-sized companies, or those with between 1,001 and 5,000 employees, increased their office space footprint, according to Future Workplace Index data that EY reported to Facilities Dive.

Click for full article

As the hybrid model proliferates, smaller companies have increased office space while larger ones have decreased it but enhanced amenities
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