For some, trying to find space and time to work in a household that wasn't set up for their needs, not to mention also juggling homeschooling and a partner also needing to work from home, was stressful. But for others, being liberated from the daily commute and being able to find a better work-life balance was life-changing.
Not surprisingly, then, while some have welcomed the chance to get back to work in the office, others have been wanting more flexible working arrangements whether this is working from home full-time or splitting time between home and the office.
The Australian Bureau of Statistics says 37% of employed Australians are now working from home regularly - down from around 40% in 2021 but still well above pre-pandemic levels.
However, recent times have seen more companies introducing back-to-the-office mandates. A survey of 300 hiring managers by specialised recruiter Robert Half in August found that almost 90% of employers are mandating staff to come to the workplace, for at least a few days a week. But it also found high levels of employee resistance. Some 31% of organisations had lost at least one employee because of in-office requirements, with another 40% expecting staff to leave.
WHY IT MATTERS
Businesses cite the need for face-to-face meetings, team co-ordination, use of office space and better productivity as reasons they want employees back at work. But for employees, flexible working arrangements can be non-negotiable.
This story is from the March 2024 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2024 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.