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Gen Z lead the charge back to London , as four and five days in the office make a comeback
According to a study of 2,000 London workers commissioned by London Heritage Quarter , four- and five-day weeks in the office are making a comeback for Gen Z as over half ( 57 %) say they plan to increase their attendance in 2023 from the current threeday average .
In contrast , their older colleagues ( aged 35 +) agree that just one to two days in the office is their preference . places when it comes to going out ( 41 %). Over a quarter ( 26 %) save up and choose quality over quantity , but a further 15 % admit they go out more often to more expensive and higher-quality places .
Going to the office is no different , with Gen Z twice as likely to treat themselves to nicer lunches ( 21 %) or eat out in more expensive cafes / restaurants with colleagues ( 17 %) than their older colleagues ( 11 %, 8 % respectively ).
London ’ s vibrancy and character is the primary driver behind Gen Z ’ s office intentions , as having an office in a buzzy area ( 34 %), cultural events nearby ( 34 %) and nice outdoor spaces for lunch breaks ( 33 %) were among the top reasons for people in this age bracket coming into the office .
This comes as over half ( 54 %) admit they feel lonely and isolated at home , often going for hours without talking to anyone ( 61 %) – indexing much higher than their older colleagues ( 38 %, 56 % respectively ).
The research shows that it ’ s London ’ s premium experiences that are attracting young people back into the city . Gen Z respondents were more likely than any other age group to choose higher-quality
Forty-five percent of business leaders suffer significant personal stress due to cost of energy
According to a new report from Arelion , escalating energy prices and their impact on network operations are the prime concern for over half ( 53 %) of business leaders , but many are also anxious about possible energy supply shortages with 43 % citing this as their second-biggest worry . So major are the issues , that 45 % of leaders have admitted to having suffered significant stress over the recent energy price surges , with 14 % going so far as to say that the situation is actually causing them to lose sleep .
Decision-makers in the US are particularly affected , with almost a third ( 29 %) suffering from sleepless nights . The report , entitled The energy crisis : is it hurting enterprise networks ?, provides insights into the impact that the energy crisis is having on network operations and , in particular , what effect it has had on the wider network sustainability agenda .
With energy prices escalating across the globe , most businesses are having to pay more for the energy they use . The findings of Arelion ' s latest research reveal that many leaders have concerns over the immediate future , with 35 % worrying about the on-going impact of high costs in the year ahead .
These concerns over the immediate future are most evident in the banking industry , with half of the leaders in this sector worrying about the on-going impact of high costs on their operations in the coming year .
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