Standard Chartered allows flexibility in office attendance, letting managers and employees decide their needs, contrasting with other banks like JPMorgan Chase. While some corporations emphasize in-office work for collaboration, studies suggest that strict Return to Office (RTO) policies may hinder employee morale and retention. The US office vacancy rate is nearing a 30-year high. However, 67% of companies surveyed by CBRE plan to expand or maintain office space in the next three years, focusing more on quality over quantity post-pandemic.
We work with adults. The adults can have an adult conversation with other adults and decide how they're going to best manage their team.
There are some markets where there's effectively peer pressure to come in more often, and there's other markets where there's less of that.
More are planning to expand office space than reduce it. 67 percent of companies said they will expand or maintain the size of their office space over the next three years.
Employers are much more focused now than they were pre-pandemic on quality of office space.
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