1 Out of 3 Workers Are Ready to Quit Their Jobs If Asked to Return to the Office, Study Says

Friday, April 9, 2021 | Entrepreneur


One out of three remote workers would look for a new job if they were required to return to the office full-time, according to a recent study from global staffing firm Robert Half. 

As more people around the globe are vaccinated against Covid-19, a growing number of companies are now determining when to reopen their offices. But many workers surveyed by Robert Half appear to have somewhat come to terms with working at home. 

Approximately half of respondents said they would prefer a hybrid work arrangement, where they would divide time between home and their company's office. About 30% of workers said they would rather work from home full-time, while just 19% admitted that they would like to work in an office full-time. 

Related: 5 Solutions to Your Biggest Work-From-Home Challenges

Some of those who fell short of committing to working full-time from home expressed concerns over decreased productivity, losing relationships with coworkers and decreased visibility for promotions, the study noted. 

"After more than a year of uncertainty and pandemic-induced remote work, there is a growing desire among some business leaders to return to business as usual, including welcoming employees back to the office once it is considered safe," David King, Canadian senior district president of Robert Half, said in a statement. "However, companies should be prepared for a potential disconnect between their ideal work structures and that of their employees."

Respondents to the firm's survey said that the best ways for their employers to support them would be to offer a flexible work schedule, loosen dress codes, pay for commuter costs, provide a distraction-free workspace and cover childcare. 

"As we reimagine the future of work, now is the time for managers to engage in mindful discussions with their teams to determine what they most want and need," King added. "Establishing a return-to-work plan that prioritizes employee health and well-being and fosters a strong corporate culture can help bolster retention and recruitment efforts."

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7 Hotel Stocks Just Waiting For the Vaccine

Like any group of stocks related to travel and tourism, hotel stocks saw a steep drop in share prices in 2020. The leisure and hospitality sector that once had 15 million employees has lost 4 million jobs since February.

Many major cities will be feeling the ripple effects of the Covid-19 pandemic for years. However, there is ample evidence that shows the pandemic may be coming to an end. The number of new cases is dropping. The number of those getting vaccinated is rising. And even in the cities with the most restrictive mitigation measures, the slow process of reopening is beginning.

All of this can’t come fast enough for individuals who rely on the travel and tourism industry for their livelihood. Hotel chains had at least some revenue coming in the door. And when earnings season concludes, the more budget-friendly hotel chains may realize revenue that is 75% of its 2019 numbers. But that is not enough to bring the hotels to anywhere near full employment. Particularly with hotels that have bars and restaurants that have remained closed or open at limited capacity.

Many economists are optimistic that travel may begin to look more normal by the summer of this year. And the global economy may deliver 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the broadest footprint will be in the best position as the economy reopens.

View the "7 Hotel Stocks Just Waiting For the Vaccine".


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