Great employees proved themselves that they CAN work from their living room. But now it seems 80% want to work from there and 80% of employers want everyone to go back to the office.
So, how does it all work out in the end? Here’s my prediction and this is just my opinion. The 80% of employers will win out with 80% of employees returning to the office 5 days a week within 2-3 years.
Now, remember that approximately 0% of employees WFH prior to 2019 did you know anyone who WFH before that?
So, 20% net is a massive seismic shift in the landscape but not the 80% WFH that today’s employees especially Millennials and Generation Z seem to want.
So, in summary, let’s back to work, in the office and re-join your team while you still can. The days of 3% unemployment will not last forever.
Speaking of unemployment here is an update.
Private sector employment increased by 455,000 jobs from February to March according to the March ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP NER is produced by the ADP Research Institute in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual data of those who are on a company’s payroll, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
The matched sample used to develop the ADP National Employment Report® was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26,000,000 workers in the U.S. The February total of jobs added was revised from
475,000 to 486,000.
Total U.S. Nonfarm Private Employment: 455,000
By Company Size
Small businesses: 90,000
1-19 employees 37,000
20-49 employees 53,000
Medium businesses: 188,000
50-499 employees 188,000
Large businesses: 177,000
500-999 employees 59,000
1,000+ employees 118,000
- Goods-producing: 79,000
- Natural resources/mining 9,000
- Construction 15,000
- Manufacturing 54,000
- Service-providing: 377,000
- Trade/transportation/utilities 49,000
- Information 0
- Financial activities 12,000
- Professional/business services 61,000
- Professional/technical services 24,000
- Management of companies/enterprises 1,000
- Administrative/support services 36,000
- Education/health services 72,000
- Health care/social assistance 62,000
- Education 11,000
- Leisure/hospitality 161,000
- Other services 21,000
Franchise Jobs 11,200
“Job growth was broad-based across sectors in March, contributing to the nearly 1,500,000 jobs added for the first quarter in 2022,” said Nela Richardson, chief economist, ADP. “Businesses are hiring, specifically among the service providers which had the most ground to make up due to early pandemic losses. However, a tight labor supply remains an obstacle for continued growth in consumer-facing industries.”
(The April 2022 ADP National Employment Report will be released at 8:15 a.m. ET on May 4, 2022.)
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