Okta research finds that millennials want change, while older generations will return to traditional working ways
London, UK – June 29, 2021 – With so-called Freedom Day drawing near, organisations are putting plans in place for reopening workspaces, primarily on a hybrid basis. But on top of a newly distributed workforce, the traditional 9 to 5 could cease to exist once restrictions ease, according to new research of over 2,000 UK-based office workers from identity firm Okta and Censuswide.
Asynchronized working is described as an environment in which there are no fixed hours for employees and people can choose where and when they would like to work. Although 60% of office workers have not heard of this before, almost two-thirds (62%) would choose to work in an asynchronous environment if given the opportunity, rising to 67% of those aged 16-34.
The top reasons cited for this change include being able to fit work around personal life (54%) and spending more time with friends and family (42%). 37% also feel they are more productive outside of traditional working hours.
“Given a large proportion of younger generations are keen to make the switch to an asynchronous working environment, it’s not a case of if this will happen in the future, but when,” comments Samantha Fisher, Head of Dynamic Work at Okta. “As millennials begin to move into decision-making roles, they will shape the working environment surrounding them. And it’s clear they want flexibility and the option to choose where, when and how they work.”
Despite this, 38% state they would prefer to work traditional hours. 44% say they are happy working during their usual time frame, and 33% prefer to work at the same time as their colleagues. Those aged over 55 most want to maintain traditional working hours, with over half (57%) saying they would not work in an asynchronous environment if given the choice.
A generational divide
The difference in workers’ preferences across generations goes beyond the concept of an asynchronized environment. When asked how they would choose to work in an ideal scenario when restrictions lift, almost a third (29%) of those aged over 55 want to work in the office full-time, compared to just 13% of those aged 16-34. Instead, nearly half (49%) of 16-34s would like a hybrid approach, spending some days in the office and others at home. This falls to 36% of those aged 45-54 and 35% of over 55s.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
In returning to the office, almost a quarter (23%) of those aged over 55 say they would feel safe without any additional measures in place, for which the same is felt by only 8% of 16-34s.
The majority of those aged 45-54 (71%) and 55+ (86%) say they would not choose to move away from where they live currently should their employer decide to switch to a fully remote environment. In contrast, 47% of 16-34s would move elsewhere, whether in the UK or to a different country altogether.
“Older generations will generally be more settled in their home locations and more traditional working environments than their younger colleagues, many of whom will have just started out in their careers,” adds Fisher. “This also indicates why they may be feeling reluctant to change; more of those aged over 45 would not consider relocating and want to work traditional hours while returning to the office full-time. But younger generations want more freedom, and having proven they can be productive working outside of the office, the pandemic has only accelerated these expectations. The onus now falls on businesses to find a way to keep workers of all ages satisfied and equipped with the right tools, no matter where or when they might be working.”
Methodology
The survey was commissioned by Okta and carried out by Censuswide. It was completed through an online platform. The survey was a nationally representative sample of office workers in the UK, France, Germany, the Netherlands, Italy, Spain, Sweden and Switzerland. The overall sample size was 10,070, including 2,017 respondents in the UK.
About Okta
Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.