Business

For many, the solution lies in a hub-and-spoke model, where companies adopt smaller satellite offices in suburban areas outside of their city center headquarters.

By flexibly retiring, older workers can continue to maintain an income, while slowly shifting to comfortable retirement.

"We have 210,000 people and there’s literally 210,000 different views of what people want,” said Brian Moynihan, CEO of Bank of America.

“Offices need to be central places to collaborate and connect with co-workers, which is what employees are looking for most right now.”

Despite demand for flexible work schedules emerging as a highly sought-after workplace perk, banking companies are more interested in getting back to business as usual.

Jefferies Financial Group is encouraging employees to come back to the office instead of working in “lonely home silos” according to CEO Richard Handler.

A wage price spiral refers to rising inflation leading to growing wages so professionals can keep up with the increased cost of living.

Goldman Sachs has now informed staff that it will be dropping most of its Covid-related protocols as it ushers in a full return to the office.

According to a recent report, business travel grew 5.5% year-over-year in 2021 to $697 billion, significantly less than the $1.4 trillion seen in 2019.

Bloomberg data shows that since going public, Snap has never reported a single-digit quarterly revenue growth.