Survey: Employees Want a Hybrid Workplace So Much They're Even Willing to Pay For It

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Trading perks for flexibility

In fact, 75% of employees were willing to give up at least one benefit or perk — including healthcare coverage, vacation time, and even bonuses — if it meant choosing where they could work.

Nearly two-thirds (64%) of employees would even pay for access to an office space closer to home — or wherever they want, for that matter. Almost half (48%) of employees would be willing to fork over more than $300 a month as an investment in a remote office or coworking space.

The executive office is open to negotiation. 79% of higher ups are allowing employees to split time between remote spaces and the corporate office, if the arrangement is suited to the job. In fact, 76% of executives would even offer a stipend to employees wanting to work at home or in a co-working space.

What it means for investors

Empty offices during the pandemic was bad news for investors. Now, the move toward a hybrid workplace signals that many companies will be downsizing their office space — many already have — which is further bad news. But for investors in the co-working space, this is great news. Co-working spaces slumped during 2020, as did much of commercial real estate during the pandemic. But now that employees are staring down a return to daily life back at the office, they are more eager to explore co-working options that will keep them productive on more of their own terms.

“Now more than ever, these survey results reinforce what the pandemic has made clear: Covid-19 has fundamentally altered the way we think about the office,” said WeWork CEO Sandeep Mathrani in a recent statement. He went on to talk about what’s on the horizon: