A new report by EY shows that remote work is dying down in favor of back-to-the-office mandates.
Ernst & Young LLP has this week released its third annual EY Future Workplace Index, a national research survey that provides insight into the C-suite of US companies.
The findings show that there’s been a remarkable shift away from fully remote working in the last 12 months.
EY US survey respondents reported that full-time remote working has plummeted from 34% in 2022 to just 1% in 2023.
99% of respondents indicated that they required employees to be in the office at least two days a week, with 32% requiring three days a week.
Only 1% of employees are being asked to go into the office once a week or less.
This will have a positive economic impact not only for real estate agents but the retail and hospitality businesses in surrounding office areas.
The drop in fully remote work highlights a likely chance that office towers and parks will start coming back to life.
Around 80% of companies reported that their employees’ productivity had been “somewhat or much higher” over the past 24 months.
In contrast, around 28% of leaders felt their employees were equally productive when they work from home.