Defeated CEOs are now conceding hybrid working is here to stay
Defeated CEOs are now conceding hybrid working is here to stay
Last year, 62% said they expected a full-time return to the office, but KPMG's data shows they're backtracking.
Yeah but we wanted to work from home not hybrid bullshit. This story is pandering like we won but they are still forcing me to go to an office every week for no good reason. This is just propaganda. The whole conversation in the thread has even shifted from talking about working at home full time to hybrid being ok. Insane
the place I work has tried RTO policies several times now - with very limited success. well over 90% of all white collar jobs can be done from wherever you can get internet so your VPN software will function. the customer facing part of the business has to be there 100% of the time, they dont have a choice, that's how the business model is designed. I go in a few days a week but honestly dont ever actually need to be there. maybe 2 days a month, tops, is my presence absolutely required.
the really interesting bit, which the article didnt touch on (not much of an article to begin with) is that there is a commercial real-estate bubble. the big buildings in the downtown business district/cores of most cities, that real-estate isnt worth much if there's no one renting the space. businesses that used to rent the space no longer need to because all of their employees work from home now. the people who invested in those big buildings are not seeing a return on their investments - and they are unhappy. that is, imho, a big driver behind the RTO movement.
I offered to work from home yesterday because I have bronchitis and no voice, so I told my manager it was that or I go off sick and stay there until I deem I feel better, that half a loaf was better than none, and she said "well I don't want to set a precedent", so I told her that I was sick then and won't be back until I feel better. I'm the only one who can do my job, so she's right fucked. She's like an alien wearing a skin suit trying to pretend to human.
There are a lot of great ones in here, but there's another perspective I think should be added. For a long time, employees have been commoditized. We're resources. Interchangeable. And that gives companies tremendous power.
WFH puts us on more even footing. There are entire cities supported by a single industry or even company. Now we aren't limited geographically in who we can work for. If you're toxic to work for, we can leave. It saps the power of the leadership to say "my way or the highway."
I don't think this is the secret underlying reason. I agree it's real estate values that are mainly driving it, but I think this is absolutely part of it. Toxic leaders (and every company has them) are finding people are less willing to tolerate their bullshit because they aren't over a barrel to the same degree. Still need universal healthcare to really break their back.
I worked hybrid 18 at home, 22 at the office and it sucked.
It showed me three things:
• It showed me that I was far more productive when I was at home and I was comfortable and not distracted.
• It showed me that I was coming into the office for absolutely no logical reason (even while there, all discussion was via Slack and Zoom).
• It showed me that the company's leadership was incompetent.
This wasn't even a 'we paid for the space, we have to use it' issue. This was an office job at a light industrial facility where no one had to be in the office. If they didn't have us come in, they could have knocked down the office area and put in another line or two. Just incompetence.
Our company is doing the opposite and forcing everyone to RTW 5-days a week. Can’t wait for the exodus and the “I told you so”
ITT people with drastically different ideas of what hybrid is.
Why do I feel like the next phase of this is changing the expectations of hybrid to be more like "9 in the office, 1 day from home"
Did we actually believe any of them at the time? I think they already knew that remote work was going to continue, and they were trying to get as much money out of the transition as possible.
One problem was that they had wasted real estate, and they had to justify it to shareholders. So they pretended that they were going to bring everyone back to the office.
If you think about it from a medium run perspective, of course employers are going to want more remote work because then they don't have to pay for utilities or parking or rent or buildings. Of course this depends on the exact setup, but for many businesses it was clear from the beginning of the pandemic where things were going to go. And if we want to get even more cynical, we can point out that when your labor pool spans the country or even the world, you have a greater ability to underpay employees.
My wife works in a large suburban office park off a major highway. The company designs hardware so obviously they have people in the workshop on-site etc, but you could remove three of their office buildings and keep those people at home. She also flies out from the east coast to the west coast twice a year just to sit in a conference room for two days straight.. it's like no one has ever heard of Zoom.
I've been working from home for nearly a decade and a half now. It has enabled me to keep my job after moving halfway across the country. I have dinner ready when the wife and kids get home, the laundry done, and can go for a jog at the local park for a few laps when I want to and yet I still get shit done and do a great job.
It just absolutely baffles me that CEOs aren't chomping at the bit to downsize their office space footprints, get off those leases or sell off their properties, and let everyone work from home.
In other news…
“we lied and tried to force RTO because we wanted people to quit so we could avoid the bad-press of layoffs. They didn’t quit, we had to do layoffs to keep the stock price up because as a ceo I’m paid in shares. We’re done the layoffs for now and we enjoy skipping out on rent for office space.”
They're not "defeated". They got exactly what they wanted. People leaving without having to lay them off through attrition.
Now that they think they have "right-sized" their workforce at no cost, they nicely offer to concede hybrid working to keep the rest of their employees.
DefeatedMildly annoyed CEOs are now conceding hybrid working is here to stayFTFT.
They have their wealth and their heads are still attached to their necks - there is nothing "defeated" about them.
Worked for a multinational where they pushed their shared services centre into a 3 day/week RTO from fully remote, thinking this would improve things. It only exacerbated the staff turnover rate which at its peak hit 95% in some departments (I worked in Accounts Payable.)
When strategies like lengthening contractual notice periods, buying pizza on crunch weeks, extending RTO further and even a payrise (that was still below market rate) didn't work... They outsourced hundreds of jobs to India and laid tonnes of people off.
I escaped redundancy and went into a higher commercial finance role (internally) with a considerable pay rise. It's almost fully remote. The culture shock is baffling.
RTH
The most cynical view is likely the right one when trying to understand management decisions. They come with disingenuous anecdotes rather than hypotheses that can be falsified by data and real measurable transparent business outcomes.
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Defeated? Wasn't the aim full WFH?
Defeated? Wasn't the aim full WFH?