Rising Fuel Costs Snarl Return to Office Traffic

Rhea-AI Summary

Citrix (NASDAQ: CTXS) survey indicates that 57% of U.S. employees plan to continue working from home to avoid high commuting costs due to rising gas prices. In a global survey of 5,000 workers, the trend was consistent, with nearly half intending to work remotely more frequently. Many employees believe employers should offset commuting costs, with up to 87% in Mexico supporting salary increases or fuel allowances. Citrix emphasizes that flexible work models can sustain employee productivity and engagement.

Positive

• 57% of U.S. employees prefer working from home to avoid commuting costs.
• High employee demand for remote work and employer support for commuting cost offsets.
• More than 400,000 organizations utilize Citrix solutions, enhancing business performance.

Negative

• None.

Citrix survey reveals majority of employees will continue to work from home until skyrocketing gas prices return to Earth

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- They’ve been given the green light to head back to the office, but employees aren’t in a rush to do so given the rising price of gas. According to the results of a OnePoll survey conducted by Citrix Systems, Inc. (NASDAQ: CTXS), 57 percent of workers across the United States plan to stay parked at home to avoid the high costs of commuting. And close to half of their counterparts around the world say they will do the same.

“It’s a classic cost-benefit analysis,” said Traci Palmer, Vice President of People and Organization Capability, Citrix. “Employees have learned they can engage and be just as productive working from home, and as gas prices continue to increase, they are questioning whether the benefits of being in the office outweigh the time and money associated with commuting.”

Of 5,000 employees polled in eight countries, the majority in most markets indicated they will work from home more often to reduce the costs of commuting:

• United States – 57 percent
• Australia – 54 percent
• Brazil – 54 percent
• Mexico – 50 percent
• Colombia – 49 percent
• United Kingdom – 45 percent
• France – 44 percent
• Japan – 16 percent

And a significant number believe their employers should help them offset the costs of traveling to the office when they choose to by either increasing their salaries or providing a fuel allowance:

• Mexico – 87 percent
• Brazil – 87 percent
• France – 84 percent
• Colombia – 84 percent
• Japan – 81 percent
• United States – 74 percent
• Australia – 68 percent
• United Kingdom – 65 percent

All of this may change, however, as many of those polled indicated they would work in the office more often during winter months to reduce the costs of heating their homes if prices stay inflated:

• France – 43 percent
• Brazil – 31 percent
• Mexico – 26 percent
• United Kingdom – 26 percent
• Colombia – 25 percent
• United States – 24 percent
• Japan – 19 percent
• Australia – 16 percent

The good news is employers that embrace flexible work models and technology and policies to support them can accommodate these changes and keep their people and businesses performing at their best.

“The key to keeping employees engaged and productive lies in creating work-from-anywhere experiences that are seamless, fuel connection and collaboration, and empower people to do their best work, regardless of their location,” Palmer said.

Citrix provides a complete digital workspace platform from which companies can securely deliver the apps and data people need to be as productive as possible—no matter where they work or which devices they use.

More than 400,000 organizations use Citrix solutions to power a better way to work. Click here to learn more about these solutions and the value they can deliver.

About Citrix

Citrix (NASDAQ: CTXS) builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience, and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.

For Citrix Investors:

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

© 2022 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005083/en/

Media Contact:

Karen Master

Citrix

+1 216-396-4683

Karen.master@citrix.com

Source: Citrix Systems, Inc.

FAQ

What percentage of U.S. employees plan to continue working from home according to Citrix's survey?

57% of U.S. employees plan to continue working from home to avoid high commuting costs.

How many employees were surveyed in the Citrix study?

A total of 5,000 employees were surveyed across eight countries.

What are some countries where employees are also inclined to work from home?

Countries include Australia, Brazil, Mexico, Colombia, the United Kingdom, France, and Japan.

What financial support do many employees expect from their employers regarding commuting?

Many employees believe employers should increase salaries or provide a fuel allowance for commuting costs.

How does Citrix encourage employee productivity in a remote work environment?

Citrix promotes creating seamless work-from-anywhere experiences to fuel connection and collaboration.