What does the future of work look like? It likely won’t involve a commute to the office five days a week for employees at Fortune 500 companies, even after the threat of the coronavirus fades.
That’s a key takeaway from a Morgan Stanley report tracking the return to office plans of 61 major U.S. public companies, with a combined market capitalization of about $15 trillion.
“Our analysis suggests 69% of corporations are adopting a hybrid structure such as 3 days in and 2 days WFH,” Ronald Kamdem’s team of equity analysts and researchers at Morgan Stanley, wrote in the Tuesday report, which tracked corporate data and policies through for the third quarter.
Only 10% indicated a preference for office work, when examining the evolving policies during the pandemic in seven industries, including Apple Inc.,