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Chart of the Day: Hot Desking

Crews Bank & Trust Wealth Management Services Nov 30, 2023
bar chart compares US to UK, Germany and France

Contents

Today’s Chart of the Day comes from AlphaWise in a Bloomberg article about the rise of “Hot Desking.” This is when work areas, such as desks, are not assigned to specific employees. Since many are still working remotely, not everyone needs a spot all the time, ultimately saving on costs. The chart shows that not allocating desks is more of a European phenomenon with 53% of offices in the UK doing this; however, in the US, 32% of offices also utilize this in some way. This office structure was accelerated by the COVID-19 outbreak.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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