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Chart of the Day: Hot Desking

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer 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

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

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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