Fuggedaboutit! Most New Yorkers won’t be returning to a full-time in-office work schedule anytime soon.
Less than half of Manhattan’s 1 million office employees will resume the hustle and bustle of in-person work by September, per a new study conducted by the Partnership for New York City.
Although the COVID-19 vaccine has begun flattening the curve, only 22% of the city’s largest companies — including employers in the finance and insurance, real estate, law, consulting and media industries — will require staffers to return to the workplace full time, according to the research.
About 66% of the Big Apple’s big business heads reported plans to adopt a hybrid model in the coming months, which would allow employees to work both remotely and in-office on different days throughout the week.
Thus far, only 10% of the city’s office employees have returned to their workplaces since March.
Results of the study found that the real-estate industry has been “the most aggressive” about bringing its employees back, as more than half (51%) are working in the office and 82% are expected to return by September.
Jamie Dimon, the CEO of JPMorgan Chase & Co., told the Wall Street Journal that he predicts “a large portion” of C-suite chiefs will require staffers to permanently work in the office.
“Most of us learn by an apprenticeship system, by seeing mistakes, going [on] trips, how to handle a client, how do you handle the problem,” he said in the Journal’s recent survey of leading business people’s thoughts on post-COVID work practices.
“It’s hard to inculcate culture and character and all those things … it’s very hard to build and develop a deeper relationship on Zoom.”
David Henshall, CEO of Citrix Systems Inc., however, noted that a return to the office doesn’t necessarily mean a return to “normal” pre-pandemic work routines.
“You’re still going to be subject to personal protective equipment, to social distancing, to discussions about mandatory vaccination or not, travel restrictions,” Henshall said in part.
“All of these things will keep the office environment, the good parts of the office environment, still somewhere out of reach for a period of time.”
Across all industries, a mere 11 companies will require that workers get vaccinated before returning to their brick and mortar posts.
Conversely, 61% of top executives said they will not mandate that returning employees be immunized; however, 37% of those employers will actively encourage workers to get the shot.
About one-third (31%) of employers have not yet decided whether to require vaccinations for returning office employees, researchers found.
As somewhat of an incentive for resuming a commute to their cubicles, either on a full-time or part-time basis, 24% of companies plan to offer employees at least one COVID-19-related benefit.
Benefits included subsidized public and private transit, onsite COVID-19 testing, paid time off for vaccination appointments, free or reduced-cost lunches, and changes to the workplace, including upgraded facilities and additional private offices.