Hybrid work arrangements are all the rage but are we considering the risks in Canada as offices sit vacant more than they are attended?
Lower office attendance in Toronto will result eventually in higher building vacancies as companies shift priorities away from brick and mortar assets. In the long run, not having a place to work from isn’t sustainable for certain employees. Some employees don’t have the resources to work productively at home and others have unsafe living situations . Others still suffer psychological impacts from the lack of social connection.
Take the current federal worker strike as an example. A live negotiating issue for PSAC members is the future of remote work. While it may be easy to advocate for hybrid work, the fact is, the hybrid working model is largely still in its nascent stages and we don’t yet know the true cost of it. As the government has had to cover the costs and maintenance of government buildings that are not well attended by employees, workers have still enjoyed the same compensation and perks as well as additional benefits to help facilitate working from home..Hybrid work has required employers to maintain traditional working models and create a whole new infrastructure to have employees work remotely like investing in cloud computing, online security, new software, home office allowances and more.
We should care if our offices are not attended. It’s good for employees. It’s good for employers. But if the employment angle doesn’t convince you, consider the economy of our Canadian cities. As long as employees stay home week after week, resources, transit and infrastructure that we used to enjoy in our cities may begin to vanish before our very eyes.
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