Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Return to offices ‘will not increase’

by November 18, 2022
November 18, 2022
Return to offices ‘will not increase’

Britain’s offices might not get much fuller than they are now, with the number of people returning “appearing to have plateaued” over the past couple of months.

Occupancy levels throughout the UK fell to 29.1 per cent last week, having notched up a post-pandemic high of 33.1 per cent in the week before.

Remit Consulting, which tracks card key fob usage to compile its data, said the latest figures probably had been affected by the train and London Underground strikes, although the longer-term trend still suggested that the return to the office was running out of steam.

Occupancy levels breached 30 per cent in June before dropping below 25 per cent as schools began to finish for the summer holidays. There was a noticeable pick-up in attendance as schools went back in early September, since when offices have been, on average, 30.1 per cent full.

“Since the end of the summer holidays, office occupancy has been fluctuating around 30 per cent,” Lorna Landells, a director at Remit Consulting, said. “The national figures seem to have plateaued. With the festive season just round the corner, it seems unlikely that there will be a significant leap in the average number of office workers returning to their desks before the turn of the year.”

Even before the pandemic, illness, holidays and external meetings meant that offices were never 100 per cent full. Few in the industry kept tabs on exactly what occupancy was like, but the consensus is that it was about 70 per cent.

Remit’s data shows that Tuesday, Wednesday and Thursday remain, by some distance, the busiest days of week, which will be no surprise to regular commuters. Fridays are the quietest, but that was the case before the pandemic as well.

As Britain went into lockdown in March 2020, occupancy at offices fell from about 70 per cent to almost zero. It fell sharply again in the run-up to last Christmas as people fretted that the Omicron coronavirus variant might hit their plans for a second successive year.

In 2020, there was pressure from some companies on their workers to get back into the office. Drinks trolleys, free lunches and yoga classes were used to tempt people back.

That has eased this year as bosses have accepted that, with the jobs market so tight, if they are not seen to be flexible, talent will move elsewhere.

Salary always used to be the main driver for switching jobs, but recruiters say that flexibility — along with a company’s particular purpose — is now almost as important.

Read more:
Return to offices ‘will not increase’

0
FacebookTwitterGoogle +Pinterest
previous post
This Is Weird? SEC Chair and Hillary Campaign CFO Gary Gensler Taught at MIT with Father of FTX Girlfriend Caroline Ellison – Gave FTX Favorable Status
next post
Mike Ashley scores in £17m deal to buy Coventry Arena securing 1,000 local jobs

You may also like

The TUC reports UK government to UN over...

September 11, 2023

Embrace the Summer: A Season of Reflection and...

August 8, 2023

Tips for Protecting Your Ageing Parents

October 28, 2022

UK borrowing overshoots forecasts by £20bn as pressure...

March 21, 2025

EU to drop ban of hazardous chemicals after...

July 11, 2023

UK businesses raise prices at slowest rate in...

April 19, 2023

Government’s free childcare scheme in disarray, charities say

January 15, 2024

Homeworking means over an hour extra time to...

January 25, 2023

A guide to the new Employment Rights Bill:...

October 14, 2024

Ineos Unveils All-Electric Fusilier: A Green Addition to...

February 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • US Withdrawal from the World Trade Organization Would Be an Epic Mistake

      May 15, 2025
    • Rubio doubts ‘anything productive’ will happen in Ukraine peace talks without Trump, Putin

      May 15, 2025
    • Far-left congresswoman revives ousted ‘Squad’ Dem’s reparations push for Black Americans: ‘We are awake’

      May 15, 2025
    • House Tax Bill Doesn’t Kill Green New Deal Subsidies Fast Enough

      May 15, 2025
    • UAE’s president bestows highest civilian honor on Trump

      May 15, 2025
    • US military would be unleashed on enemy drones on the homeland if bipartisan bill passes

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,964)
    • Politics (15,237)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved