Fewer than half of banking employees are going into the office
A global study of nearly 80 offices in 13 countries, representing nearly 80,000 employees, has revealed a seismic shift in working pattens, with people now coming into the office an average of just 1.4 days a week, versus nearly four days a week before the Covid-19 pandemic.
The Advanced Workplace Associates (AWA) Hybrid Working Index study, conducted during June and July this year, found that if companies have no hybrid working policies, people come in on average less than one day a week. However, even if organisations insist people come in three days a week, the policy doesn’t work as attendance averages just 2.1 days a week.
Despite the regulatory requirements for banking organisations, the study revealed that on an average day fewer than 50% of employees in the sector are going into the office, with peak attendance limited to 66%, from a sample size of 2,800 UK bankers.
AWA found that offices in most sectors and locations are under-occupied which, if these trends continue, will result in excess space needing to be re-purposed or sub-let.
Andrew Mawson, managing director of AWA, commented: “What this global survey shows is that as a result of changes due to the pandemic the hybrid working genie is out of the bottle. Even where employers try to force staff into the office two or three days a week, employees don’t comply.
“Organisations need to look at the data showing that two third of desks are unused and work with their employees to find smarter, more efficient ways of working that will fit in with how people want to live their lives, save money and be more environmentally friendly.
”We believe this will have a profound impact on the property market, which is not currently being recognised by the industry.”
The key findings are:
- Average attendance in offices is just 26%, with peaks in the middle of the week of no more than a third of employees in the office;
- On average two thirds of desks in offices are now unused on a daily basis, and even on the busiest days offices are more than half empty;
- As evidenced anecdotally – and by AWA’s 2021 survey of how people want to work – employees prefer to be in the office on Tuesday, Wednesday and Thursday – with 88% of people working from home on a Friday;
- People are not complying with their organisations Hybrid Working policies. Where organisations have stated two, two/three or three days in the office policies, attendance is respectively 1.1 days in the office, 1.6 days in the office and 2.1 days in the office. However, where an employer trusts individual teams to make their own decisions about office attendance, the average is 2 days in the office.
The UK figures show a slightly higher average and midweek attendance. However, Mondays and Fridays are still very empty – with 19% and 13% attendance on those days. On average the British employee comes into the office less than 1.5 days a week.
A panel of organisations participated with data from nearly 80 offices in 13 countries representing nearly 80,000 employees, completing a short survey detailing for each of their locations what (if any) hybrid policy they were enacting, the total number of employees and desks in each building, and how many people were using the office day to day in a typical week.
AWA used this this information to create a detailed picture of office use across multiple sectors and geographies. AWA aims to return to and expand this panel on a regular basis to build a the most authoritative analysis of hybrid working around the world.