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New offices for the hybrid era? Many companies are on board

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Businesses recognize there is a place for offices despite the fact that they plan to give workers more flexibility to work from home and might see cost savings from limiting their real estate holdings.

Many U.S. companies are banking on it because they believe working in person is better for collaboration and training young employees. So even though most employees are still working from home offices and dining room tables today, some companies are willing to spend big on showplace headquarters.

And separate worker surveys that SHRM and Gensler conducted last fall both showed that more than half of workers wanted to be back in the office at least one day a week. JP Morgan CEO Jamie Dimon has said that the rise of work-from-home might mean the company only needs 60 desks for every 100 employees because they will be shared. But he remains committed to a new headquarters for 12,000 to 14,000 of the bank's employees because many tasks will still need to be done in person.

McCarthy, like many CEOs, says he believes office work is better for training and mentoring younger employees because they can watch and interact with their coworkers better and get more immediate feedback on their work.

 

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