Work from home v the office: Finding the balance

Gen Y employees typically see greater advantages in working in the office rather than at home, compared with their Gen Z colleagues.
Image of books and computer monitor on a desk. PHOTO BY SRIJAROEN/ADOBE STOCK

PHOTO BY SRIJAROEN/ADOBE STOCK

The debate about the merits of work from home (WFH) versus work from the office (WFO) continues. In September, Amazon announced that from January staff would be required to work from the office five days a week.

Internationally, the approach to work locations varies, with employees attending London offices on average 2.7 days a week, New York 3.1 days, and Singapore 3.2 days, according to data from the Centre for Cities thinktank.

There is also a varied picture in terms of employee collaboration, productivity, and innovation โ€” critical elements of successful businesses. Deloitte’s 2024 Gen Z and Millennial Survey found that 24% of Gen Z and Millennials (Gen Y) noticed increased collaboration and social interaction with work colleagues in the office, but nearly a fifth experienced lower productivity in that environment.

A recent study at an India-based IT services company that looked at innovation โ€” measured by the quantity and quality of employees’ ideas โ€” found that during a wholly WFH period the quality of ideas decreased and during hybrid working there was a dip in the quantity of ideas. A decrease in innovation was particularly seen in hybrid teams where WFH and WFO were not well coordinated.

Chart depicting where London office employees believe they work best. Source: Centre for cities, Return to the Office: How London Compares to Other Global Cities, and Why This Matters.
Chart depicting the pros and cons reported by Gen Z and Millennials on return to office. Source: Deloitte, 2024 Gen Z and Millennial Survey.

Oliver Rowe is FM magazine editor-in-chief. To comment on this article or to
suggest an idea for another article, contact him at Oliver.Rowe@aicpa-cima.com.


AICPA & CIMA MEMBER RESOURCES

Article

โ€œHow to Create an Effective Hybrid Workplaceโ€, FM magazine, 5 March 2024

Podcast episode

โ€œFive Tips to Keep Employees Engaged in a Hybrid Work Environmentโ€, AICPA & CIMA, 9 March 2023

Briefing

โ€œFinance in the Hybrid Workplaceโ€, AICPA & CIMA, 25 June 2023

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