
The four-day workweek is new standard for 40% of companies, EY survey finds
A cooling economy, rising mortgage rates and mass layoffs have done little to dampen executive demand for expanded office presence and increased flexibility for office workers, a new report from Ernst and Young found. The consulting firm on Wednesday released its second annual EY Future Workplace Index, which showed a growing appetite for hybrid work and an increase in both the use of flexible working options and the presence of a four-day workweek... Key Points An EY report found that 40% of surveyed companies have or plan to have a four-day workweek. Of the employers surveyed, 70% have adopted a hybrid approach. Fifty-eight percent of surveyed executives plan to improve or expand their commercial real estate portfolios. . .. ...more RSK: Whether it is actually four days a week or less hours per week/day it does effect real estate. A third of the companies said they will reduce their real estate needs over the next year. Not good for the office market or any other sector for that fact. Ken Notes: What we really need is a flex week. Make the day 5 a bonus of sorts and then companies can downsize quickly and temporarily by moving to 4 days. Also this works for those who need weekend staff, hospitals and others use a 3 day "week" to staff for weekends and holidays.
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Our Sponsors - - Volume: 10 - WEEK: 48 Date: 11/22/2022 9:11:30 AM -

The four-day workweek is new standard for 40% of companies, EY survey finds

A cooling economy, rising mortgage rates and mass layoffs have done little to dampen executive demand for expanded office presence and increased flexibility for office workers, a new report from Ernst and Young found.

The consulting firm on Wednesday released its second annual EY Future Workplace Index, which showed a growing appetite for hybrid work and an increase in both the use of flexible working options and the presence of a four-day workweek...

Key Points

An EY report found that 40% of surveyed companies have or plan to have a four-day workweek.
Of the employers surveyed, 70% have adopted a hybrid approach.
Fifty-eight percent of surveyed executives plan to improve or expand their commercial real estate portfolios.

. ..

...more

RSK: Whether it is actually four days a week or less hours per week/day it does effect real estate. A third of the companies said they will reduce their real estate needs over the next year. Not good for the office market or any other sector for that fact.

Ken Notes: What we really need is a flex week. Make the day 5 a bonus of sorts and then companies can downsize quickly and temporarily by moving to 4 days. Also this works for those who need weekend staff, hospitals and others use a 3 day "week" to staff for weekends and holidays.

Share this article on you social outlets

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- - Volume: 10 - WEEK: 48 Date: 11/22/2022 9:11:30 AM -