The Workplace Will Never Be the Same

Many people believe that hard work will lead to success. But in America’s post-pandemic workforce, this idea has changed, and you can’t blame it on just one generation.

While the labor market has rebounded from the shock of the pandemic lockdown, the advent of mass hybrid and remote work, and a new idea of non-salary benefits ranging from vacation allowance to mental health benefits, have changed the way Americans choose their jobs.

While Gen Z workers may be more overt about demanding certain work-life boundaries, people of all ages have been reexamining the work-life balance, increasingly in favor of life over work. The number of people finding meaning in their jobs has fallen too, according to findings from the PEW Research Center.

For companies it’s harder to make employees show up at the office, even with return mandates in place. Higher salaries for in-office jobs are only helping so much, as a quarter of the workforce would sacrifice 15% of their salary in exchange for flexible working hours, according to a study by Owl Labs .

Working from home has its perks, but also necessitates a setup that allows you to be as productive as you would be in the office, be it a second screen, or a home office. Offsetting that investment could be less money spent on lunches and commutes.

In a larger sense, this trend is affecting migration patterns across the U.S., with people choosing places with lower cost of living to do their work remotely.

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.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. 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.
SOSS24031403