Why This Is the End of Return-To-Office Debates

Changing Their Tune

If the pandemic brought on the rise of remote work, last year seemed to signal its fall, as companies across the nation called workers back to their offices.

However, new data suggest that more flexible work arrangements are very much part of the American work landscape now.

The New Norm

Many companies have embraced the hybrid work schedules, allowing workers more flexibility while asking them to spend just some of their time in the office.

Data from the Conference Board found that more than a quarter of surveyed CEOs listed “maintain hybrid work” as a priority. Only six out of 158 business leaders are prioritizing getting people back into the office.

Meanwhile, 65% of CFOs expect to offer hybrid schedules to employees in 2024, according to a separate survey by Deloitte.

Hybrid’s Here To Stay

Between a fifth and a quarter of U.S. workers now work from home for at least part of the week, according to some estimates, up from just 3% pre-pandemic.

For workers, this is good news. More flexibility can foster a more inclusive work environment, particularly for parents or caregivers. Not having to commute into an office on a daily basis also allows workers to move out of more expensive city centers and potentially lower their cost of living, which has risen in the past years due to inflation.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS24011702