The pandemic ushered in a new way of working and it hasn’t left. In fact, workers have warmed to hybrid and remote working so much that many won’t go back into the office full-time. A new survey from Bankrate reveals workplace flexibility is a top priority and that workers are willing to make significant trade-offs to obtain a shorter work week and the opportunity to work mostly from home.
Four-day work week
The four-day workweek has robust support from all groups that were surveyed. 81% of full-time workers and job seekers support working a 4-day work week as opposed to the traditional 5-day work week. Just 11% said they would not be willing to make any of these sacrifices to work a 4-day work week.
A majority of younger workers, 93 % of Gen Z and 91% of millennials are more likely to support the 4-day work week. Their older counterparts, 87% of both Gen X and boomers, like the idea as well. More women (93%) back the idea than men (87%).
About 1 in 3 workers (37%) would be willing to change jobs or industries to secure a 4-day schedule. Other trade-offs they are willing to make include: working longer hours (54%), coming into the office or place of work more days/working fully in-person (27%), receiving fewer vacation days (16%), having a longer commute (12%) or taking a pay cut (10%).
The Hybrid work is also uniformly popular. Of those in the workforce, 68% support a hybrid schedule, and of those workers, 73% would be willing to make a sacrifice at work to attain a hybrid schedule. The most common trade-offs include 37% of workers who would be willing to change jobs/industries and 28% who would be willing to work off-peak hours. Gen Z (85%) and millennials (77%) who prefer hybrid work are more willing to make a sacrifice to attain it than Gen X (63%) and boomers (62%).
Remote schedules also get the support of 64% of Americans in the workforce. They support fully remote schedules as opposed to fully in person, and 78% who support fully remote work would be willing to make a sacrifice to attain that situation.
Gen Z (81%) and millennial workers (83%) who prefer to work remotely full-time would be willing to make a sacrifice compared to 76% of Gen X and 58% of boomers. The most commonly cited sacrifices: willingness to change jobs/industries (42%) and work off-peak hours (35%).
“Given the high number of job openings in the U.S., employers who have the flexibility to accommodate evolving preferences for working conditions may gain competitive advances in attracting and retaining talent, particularly among younger and female workers. Employers who fail to take notice of these shifts in preferences risk losing team members,” said Bankrate Senior Economic Analyst, Mark Hamrick.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
This article originally appeared here and was republished with permission.
