Is The Golden Age Of Remote Work Over?
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- เผยแพร่เมื่อ 14 พ.ค. 2024
- Finding fully remote work is getting challenging. New research from Indeed found that job postings are declining faster in metropolitan areas where many jobs can be done remotely.
"Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. "There have been some experimental studies that show that there are some productivity impacts, potentially from remote work. But those studies are also experiments, right? It's unclear how they apply to the broader labor force."
During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. The U.S. Census Bureau found that the number of people working primarily from home tripled from 2019 to 2021.
"Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare. All managers and professionals were basically fully remote for much of 2020. And then it turned out it's worked really well."
As the world began to open up, though, corporate America shifted its stance on remote work. Some companies have even threatened to fire workers who don't return to the office for a certain number of days.
"The laptop class is living in la la land," Tesla CEO Elon Musk told CNBC's David Faber in a sit-down interview in May 2023. "It's messed up to assume they have to go to work, but you don't. It's not just a productivity issue. It's morally wrong."
Watch the video above to learn why corporate America is pushing against remote work, how remote workers feel about the pushback, and what this workplace trend tells us about the U.S. job market.
Chapters:
0:00 - Intro
2:01 - Remote work and pandemic
2:53 - Remote work and productivity
5:21 - Return to office
7:02 - The real estate problem
9:37 - What's next?
Produced and Edited by: Anuz Thapa
Animation: Alex Wood
Narration by: Jordan Smith
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
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Is The Golden Age Of Remote Work Over?
The funniest part of this video is that most of the interviewees are interviewed at home, including those who insist on ending remote work.😂
That’s oligarchs for you. Rules for us but not for them.
Do as I say, not as I do
❌Companies should be BANNED from allowing remote-workers if they get subsidies or tax incentives from local government 🤏 Remote work destroys local economies ❌
Haha - ZING!
Very good catch~
People can’t be home on their day off? The hell do you mean lol
It's absolutely insane that in this day and age of technology people are still sitting in hours of traffic a day to sit in front of a computer in a room.
Because of dumb CEO’S
AGREEEEEE
Unbelievable
Exxon and Chevron CEO's gotta eat. 🤣
Workers had an opportunity to be as focused on work and productive at home. It appears they failed to do that, so employers want them back in a dedicated work space.
Old school bosses who love to control and bully their employees IN PERSON pushed this piece out HARD.
Kind of the whole point of being a billionaire isnt it? Kick people around to get some kind of perverted rush.
Naaah, real estate a$$holes.
I feel the same. Managers need to feel important by sucking the life out of employees. Perfect example is Bill Lumbergh from the movie Office space (1999)
Remote work has been so amazing. I have more money, sleep more, spend more time with family, more time to cook meals and eat healthy.
And sadistic c-suite sociopaths HATE this
As an employee yes, but I guess the management says otherwise
@@jirehpsalmpaule6077 They are told to say otherwise. Management doesn't make those sort of decisions, it's all from 'above'
@@babysealsareyummythey don't want u having money.
And due to guilty conscience, employees work more !
they are just upset they are losing money on useless commercial office space
Well if we didn’t have horrible zoning laws, they could sell that office space to make apartments for people. And bring everyone’s rent prices down.
All unite to abolish zoning laws.
@@user-wl2xl5hm7kIt’s more than just changing zoning laws. Most commercial buildings don’t have enough toilets and showers to accommodate apartments and condos. I think it’s worth the effort to convert these buildings, but it’ll be expensive
That's all it is
That office space and all the daily expenses is a huge tax write off.
@@stevezelaznik5872 Of course there needs to be conversion
I think that any remote worker who is forced back into the office is naturally going to hold a grudge and will take the first reasonable offer they get to leave the conpany.
True
That's the unspoken issue. If a company issues a "back to the office" mandate, some of the most-talented people will be able to find other jobs quickly and quit before having to come in. Other employees will be forced to come in, but be hunting for new WFH jobs...so there will be a continual drain of talent over the following months. 6 months in the employer will find itself disproportionately staffed with people who couldn't find a job anywhere else (and their morale will not be great). Not sure that's a win for the employer.
Right now, since we are in a recession and may get worse, but once the economy really picks up again, people will be jumping from companies requiring 4-5 days in office.
That's an interesting comment because I was told to return to the office in February. I started to put a resume together, and three weeks later, I had a different job, making more money and still working from home.
That’s what they want
Once the older generation retires and the younger managers take control I think we will see a huge shift back to remote work. It might take 5-10 years though before we get back to the "remote normal" we had during COVID instead of pushing people to commute just to sit by themselves in a depressing cubicle.
older people will never retire can't afford it
Nearly all essential jobs and occupations can't be done remotely. Farmers, truckers, warehouse workers, military, etc. Essential jobs drive the economy and life in general.
@@mrbane8721 When did he mention essential jobs?
I say 3 years.
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
Been working from home since April 2020. I love eating my own food at home, using my own bathroom, the time saved not having to commute.
Best part of remote: No sitting in traffic to work and back. This literally took 3 hours of your day out. Remote work is game changer
This! Having to wake up early, not for work, but for commuting! Wtf! Lower quality of life, angry drivers, tired, expensive, etc. now I sleep till 730 and fully working 8am on the dot. Wanted a new car but mines paid off and I literally put 5mi on it per week. So saving me on that new purchase too cuz I literally can't justify it. Also lost weight and make healthier meals. Let it boil and cook while I'm working. Love this life.
I couldn't handle a traffic light for 2 minutes. How can people do that everyday?
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
@@djm2189
@@marybailey7881 most don't exclusively work from home. Check stats. Commercial space needs to be transformed into homes. Also people like myself who WFH, have friends..... We don't need office people. I go for walks to the beach, hang out, and party on the weekends. I also am just as chatty with my work friends over teams vs sitting in the same office and we'll meet up for happy hour like it's a normal office day. It's not rocket science.
What these companies don’t realize is that if I really don’t want to work, I can go to the office full time and not do anything just as easily as I could do that at home
But they monitor you closely at work than they can at home thats the point.
@@andergarcia4953 there are ways around that
That's what i used to do....got me fired 5 times...!!!
@@bogdan78pop I’m trying my best for a layoff 😂
@@andergarcia4953 Some people have it down to an art form. take 1 hour to get to the copy machine, stop and small chat with everyone on the the way. Take 45 mins to organize you items you are copying, then take 1 hour to copy items, take 2 hours to walk back and small chat again, this time while borrowing staplers. Time for lunch by the time they get back in their seat...lolz.
As a Carpenter who isn't a remote worker, I'm in the "Pro" remote worker camp. Traffic is back to being a huge problem for me and people are tired and less likely to have me come by and quote them an estimate for work to make their home more comfortable.
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
Yes and it makes communicating with clients easier as they are either onsite or close enough. Before schedules had to link up or if something came up on a project work stopped for however long as it took for them to see the issue. Much better overall, plus more work since clients are home and can see what parts of their house they are using.
I think most jobs that can go remote should go remote to reduce traffic and free up building resources
Obviously certain jobs cannot be remote
Yesss. I love traffic when its covid time
Prior to the pandemic it was common to see news stories stating that office workers were only productive 3 or 4 hours out of 8 hours in the office. Open plan office noise, gossip and useless status meetings run by incompetent middle managers are hugely detrimental to productivity. It is this last group that most wants a return to the office so that they can better micromanage employees and more easily take credit for the work of others.
Absolutely. It really showed how the vast majority of middle managers were actually a waste of salary.
You don't need as many middle managers if people can work successfully from home. This is a big part of the problem.
True
I'm a retired IRS revenue agent. I worked remotely 4 days per week (unless I was conducting an onsite tax examination) for 25 years, from 1997 to 2022. It was the best job I've ever had.
If it's true! Then you are lucky
❌Companies should be BANNED from allowing remote-workers if they get subsidies or tax incentives from local government 🤏 Remote work destroys local economies ❌
Did you need a BA for that?
Generally, a BA in Accounting is the basic requirement. I met that requirement but also had an MS in Taxation. Check out USA Jobs. The job series is 0512 - Internal Revenue Agent.
Did you ever audit billionaires. or just Ws wanders and Small businesses? Your welcome for your retirement income by the way. and no you didn’t serve our country.
When I'm in the office, it's my least productive day. Management needs to change, not the worker. The problem is narcissists need others around them to validate them.
You hit the nail on the head!
I wonder what your job is.
"My least productive everyday "
Wrong. Workers are not working well at home.
I’ll give you a scenario. Let’s say you are less productive at home. You are distracted by kids, pets, tv, laundry, errands. You also just barely complete tasks because that equals more free time. However you prefer it greatly because of the freedom and comfort. Hands down prefer working from home.
Would you admit you are less productive at home if asked?
That’s the problem with this whole comment section.
I'm personally way more productive in the office than I am at home. I don't like WFH because it blurs the lines between home and work too much for me. Horses for courses.
Love how most of these experts are interviewing from home
I noticed that. Meanwhile I watched this at work.
Right?? 😂😂
Was there even a single one of them at the office?
I've done both remote only and hybrid jobs since the pandemic. And hybrid has been the worse experience ever. I was brought into an office twice a week where I ended up being put in a room alone and rarely corroborated with anyone else. I was burning time and gas to do the exact same thing as I did at home. I'm in sales so I'm most effective when on phone or visiting prospects, not sitting in an office.
I agree hybrid is the worst. When I am struggling to find work in my area of the UK, I've seen many jobs in London requiring just 1 day in the office that I have had skip because it would be uneconomical for me with high UK travel costs. It boils my blood that if these jobs can be done 4 days at home it can 5.
As a software developer collaborating over zoom with screenshare is literally easier and better than side by side leaning over somebody to see their screen. It also allows more than 2 people to collaborate. Even if I had to go to the office my colleagues and I would just sit in our corners and do zoom calls anyways.
Agree 100%. Plenty of distractions in the office, and I wasted hours commuting.
I don't want someone sitting so close to me for any reason.
Absolutely correct. I am a business analyst consultant, fully remote. I have these working sessions with 10+ directors/executives. The screen sharing, allowing everyone a clear view, and everyone annotate's. Hour meeting is extremely productive, plus they are recorded for my review minute by minute. I then alone take the next 4 hours and build out a business process map and email for review. This wouldn't be nearly as productive in an office for the aforementioned reasons. All the executives love my work and keep bringing new teams to me😅🙌
We use Microsoft Teams works great in Information Technology.
yup, same sht at my place. this is such bs, its not like we have to be in a factory where they build cars, or other hardwares.
this remote crackdown bs is more abt commerical spaces not filled in downtown areas, lesser foot traffic for local economies/businesses, and preventin folks workin 2 or more remote jobs🙃
One issue not highlighted is a lot of executives are overly proud of their headquarters buildings and they feel personally insulted when the workers don't share that view. Then there is the real elephant in the room, if employers claim that productivity is the reason by not permitting remote work then the same concern must be made about outsourcing. If the job can be outsourced it can be worked remote.
For jobs that can be truly worked remote 100%, the next step would then be offshoring those jobs to overseas foreigners and expats who won't demand as high a paycheck as anyone anywhere in-country.
@@doujinflip thats when we making off shoring work to overseas to non americans, illegal and harshly punished if doing so.
They're literally citing McKinsey a criminal company about the impact to commercial real estate. Watch John Oliver's take on them, literally talking about how McKinsey underestimated the growth of the mobile cell phone market by over 1000% back in the 90s!!! That company and the expensive graduates they hire literally have 0 credibility.
I hope they feel insulted because they deserve it. They work in nice big corner offices and chose a location that shortened their commute. Everyone else has to work in crowded open offices (not even cubicles anymore) with lots of distractions and uncomfortable temperatures, plus a long commute in many cases.
I'm not worried about outsourcing. I have need the work of those Indian software engineers. If the company wants to pay for a botched job first they are free to do so. I can charge them extra if they are in a rush to get it done right afterward.
Agree with this - we were recently told that the office refurb costing $10m was part of our reward package....i'd rather get a bonus and stay at home.
We moved from TX to VA summer of 2021 when my wife got a job there. I've been 100% remote since then. With no 45-75 minute commute and with 3 young kids and a boss that doesn't hassle me if the kids get sick - its paradise. Leaving my other company a few years ago with a micromanager, old school boss, where you had to be there every minute or you were taking your vacation even though you are salary was wearing. Best move I ever made. DO NOT be afraid to move on if you are in a bad spot. You are most likely to get the raise you deserve that way too.
The only reason why big corporations hate remote work is that they're on the losing end on real estate. Many of us in game development have been working remotely even before the pandemic, and will continue to do so for years to come. I remember those days when the pandemic lockdowns began. While the entire world is in chaos, it's just another day at work for my team across multiple timezones.
Yes and they are lobbying so hard to come up with lies discrediting work from home. They hate to accept that their interest in commercial spaces is under threat
When I was a little kid, I remember parents sitting me down and saying "We dream that someday you have the chance to sacrifice your quality of life to help some assholes real estate portfolio" ..
I find it interesting that a video about how remote work is in decline was done primarily by people in remote office settings.
I love irony.
perhaps the story/script writer for this video thought of that as r/maliciouscompliance double agent XD
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
@@marybailey7881 People adjust. I'm not wasting 2 hours of my life each day just for a company to justify a lease on an office building. Some cities are repurposing those buildings for apartment/condos - it's not an easy conversion but better than going to waste. I'm not sure the exact stats but I suspect half the workforce is back in the office.
I don't know anyone out of the numerous neighbors I have who are professionals or people that I know via other networks who go into an office much anymore. I know they go in like one or two times per week for like a few hours, but it is not like before where they worked 9-5 Mon. -Fri.@@JasonTaylor-po5xc
It's basically all about control. Many office managers have realised that they're useless and now they need people back into the office to micro manage them. Landlords also want people back into their now useless offices to justify the sky high rent. Don't bother turning them into apartments, that would actually solve a real problem.
Does the reason matter?
It is more about how most people do not manage themselves well in remote work.
@@Joepacalypse1107:
…Because they’re also busy managing the families they started perhaps? Maybe it’s too distracting? Raising kids is work, although unpaid.
If you want to make the rules, start your own company. Otherwise, get on board or get fired.
@@winningpath789 Or find another company that aligns with your personal philisophy to work for .
Remote work is just another aspect of how the way we work has changed as a result of advances in technology. The pandemic only forced us to quickly implement what was already there. The ability to work remotely allows companies to hire the best people they can find without them having to relocate or decline a job offer. I work on a team of 9 people who live in 7 different states and it works extremely well.
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
@@marybailey7881 I don’t know what percentage of people are still working from home as of the end of this year. If someone who works from home hardly ever leaves their house then there is a good chance when they worked in an office all they did was drive to work and then back home. Speaking from personal experience, the only thing that has changed for me is my weekly stop at the dry ckeaners. As for all of the unused commercial buildings, they simply need to be repurposed.
Part of what has changed the discussion around remote work is the current pain in the commercial real estate market. A lot of wealthy individuals and institutions are now trying to convince everyone that remote work is bad because they don’t want their asset to depreciate.
I love how the biggest argument to RTO is we got to save the commercial real estate market. Yes my time to commute and such is so I can bail out a landlord.
Also I love how there is so much talk from these "experts" and all of them happen to me doing these video interviews in what looks like home offices.
Just wait until they start taxing homes at commercial rates or local income taxes are implemented to make up for the loss. "Downtown" can no longer subsidize the sprawl.
@@larrys4618 If your job is remote, it can be done from anywhere. Just move.
I was also surprised that CNBC did not mention anything about trying to reduce higher turnover of workers. Remote working meant virtually unlimited job opportunities and much easier to jump ship for more money.
Who do you think is going to make up for the shortfall in tax revenues.
And don't give me "let's convert them to apartments" argument. Not going to happen, too costly and too many office buildings.
I am glad there is someone else making this point. This is not cost free.
My job was hybrid-based up until October 2022 when they made us fully remote. This has eliminated the need for me to be stuck in traffic twice a day, increased the amount of sleep I get, and has substantially increased my work happiness. Plus my wife is giving birth to our first child next spring which will allow me to be more present, outside of paternity leave, since I'm remote. My company has leased out its office building to various other companies on a floor by floor basis, which is a factor in me working from home. Maybe companies should consider that instead of putting pressure on their employees to come in. Besides, I'll bet those executives pick and choose when to come in.
Mr Muskrat says he's working constantly... Because he counts sleeping around on the mother of his child and attending Formula 1 Grand Prix and Cannes Film Festival as "work" 🙄
go wolfpack
i wake up every morning and see my son grows up everyday since he was born two years ago. It is the greatest thing that ever happen to me. I hope you will cherish the beautiful moments!
The irony of your statement is that your office is leasing out their space to others who then have to come in. It works only because they can offset cost of their own lease.
I say this as I'm working from home, fully remote and 100% agree its great.
Yep. It's usually the folks at the very, very top, like the CEO who makes the decision on RTO. Those folks are in a position where they get to pick and choose if they come into the office and when. They don't have to deal with traffic if they don't want to. They have a superiority complex that leads them to believe that, somehow, they are more productive than the average person. They're not. A CEO isn't more productive than another person at the company: they simply do different jobs, but both ideally put in 100% effort.
I have been working from home since 2012. Got a new job and was in the office for about 2 years from 2018 to 2020. I remember people telling me how they "could never work from home". Lone behold, they got a taste of working from home during the pandemic and now no one wants to go back to the office.
Just the idea of going back to work gives me horrible anxiety. The traffic, the early morning rush, the in-office drama...
I'm happy to see others agree with me and hopefully everyone will put their foot down when it comes to companies that force in office returns.
Get back to work!
right if the job just gives you a laptop and you can do your job duties 100% succesfully from the mobile device.....than theres no reason to show up on site/be at the job unless something physically needs your attention. Employees are grown/young hired-to-help adults.....not kids that can be "micro-managed".
and imagine how the business can benefit with remote by carving out all the unneeded cubicle space and use the room for something else like expanding their network or use it for storage or now focusing on the importance of what/who really needs to really show up for on-site duties. Its just control at this point and it never makes sense because you got over 100,000 employees vs 1 or 3 CEO person. Who do you think really has the final say in the company? because last time i checked...without employees your company will quickly fall.
As a Supervisor, this is/was the wrong move. Remote work is a zero-cost benefit given to employees, and not once did I have anybody complain about salaries during that time, because the savings from gas, wardrobe, cooking at home, and overall quality of life was so beneficial, nobody wanted to leave for fear of losing that benefit…….
Companies often forget about the cost-benefit of having happy employees. It can also be a net positive if companies downsize or eliminate costly office leases. It is also a competitive advantage when hiring top talent. I won't consider even a hybrid position unless there are no other options available, much less on-site.
@ChimChim-wr8qp Some do, some don't. Employee turnover has real costs. The employer's job isn't to care, it's to get work done by providing goods and services. Employees are a necessary expense to accomplish that. Which is why remote work should not only be expressed in terms of employee benefit but how it impacts the employer too. Especially with highly desired fields, employee perks are a way to attract and keep top talent.
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
@@marybailey7881 I don’t know the numbers you’re referring to, but we have over 5k employees, and of the “remote-eligible” workers, 35% lost remote status, and the other 65% had their remote days reduced from 4 to 2 days a week…..
why did some lose remote status? how did they react?@@taylenzz
We need more affordable housing for working class people not more office space! This has already proven to work! Adapt or fail!
I have a feeling commercial real-estate in these major cities are going to need to be converted to residential housing.
I sold all my commercial real-estate investments when I realized how effective Remote work was working for the company I work for.
Ended up breaking revenue records every year since covid and expanding the workforce more than 30% while avoiding a planed 30 million dollar investment in office space.
We all got bonuses for the first time ever, and instead we are starting a $30 million dollar laboratory facility building instead.
Our leadership has their eyes open.
Affordable is just a PC term for the projects. Projects will lead to higher crime, higher taxes and lower property values. Office space will lead to businesses, which will create jobs and generate tax revenue.
@@podsmpsg1, business are leaving these areas in mass because of their government policies.
Unless something changes they will go the way of Detroit.
Why would I move to one of these high cost of living, high crime, high tax liberal hell holes when I can work remote and have 10x more disposable income and higher standard of living by working remote from a better community.
What is "affordable" housing anyway? Everything is affordable for some people but not for others.
@@sexygeek8996 The Projects.
Managers are a special, very particular kind of human. They get extremely anxious if they can’t monitor your behavior and ensure you are dedicating the hours they are paying you to their company
As a part time remote worker doing the work of a full time employee with less pay and less time. I’m more productive than being in the office. No chit chat to bother with, no distractions, I’m able to just sit down and work.
I can't wait for this again!, lol .
I did my MBA dissertation on motivation and engagement of remote workers - the research shows that for 'knowledge workers', where a job can be done WFH, if you let that happen you will have more loyal, engaged and PRODUCTIVE workers.
you dont need an mba to figure that out
Well, there's proof that there are lies, damn lies, and statistics. "The research shows..." Loyal to whom...themselves; engaged with...their dogs...productive...sure, as they get their kitchens remodeled....by a contractor...who is NOT working from his/her home.
Did your research review turnover? My department hired four people since 2020 and they all left by now. The new guys, whether freshers or experienced, never got too chummy with colleagues, and did not seem to become team workers or frankly caring about 'work''.
@shuki1 It hasnt been an issue in the company I work for. Clearly its a big challange to get loyalty at arms length. More broadly, the best method seems to be ensuring that you have systems and objects/assets in place for new and existing employees that help people to feel part of a bigger team/machine. Basically internal advertising. Of course, It's difficult to know in your example whether those people would have stayed if they'd been employed to work in an office.
Wait, so making your workers happy with their job makes them more loyal, engaged and productive? Are you sure? Have you watched Office Space as a counterpoint yet?
I have no idea how we all went to work 5 days a week. It's mentally, physically, and financially draining!
The commute alone is about 13% of one's waking hours!
@@Striker50_ That you're not getting paid for in a majority of cases
Unless you're a transit driver lol@@dricoirving3236
Do you realize the vast majority of jobs are still full time onsite right?
@@Mike-dd8bd And...?
The employers want to end remote working because they want to bring back control of their employees. However in many parts of the tue the world, like in Europe, it’s like remote working will be there for good. Pandemic is an eye opener that you can be productive even if you’re not in the office physically.
My company is remote, this pivot evidently increased all employee productivity. Sales and profit increased year over year. Smart companies don't waste capital expenditures on big offices. They know that employees spending hours and hours in traffic, contributing to carbon pollution is detrimental to employee wellbeing, the climate, and the company overall. Good companies make good products, happy employees make good products. Commercial real estate investors should know that all investments involves risks. They should convert commercial real estate into affordable housing, restaurants, or fun places for the entire community.
I transitioned to remote work approximately a month into the pandemic. I've returned to the office only a few times to retrieve necessary equipment. My productivity remains consistent, and it's easily measurable, whether working from home or in the office.
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
The office life is equivalent to bieng in high school. You have certain groups of people that hang around certain people. The war of politics n religion etc is also a major factor. So when you work from home is like just peaceful!! The mental side effect of working in a office should be discussed as well.
The funny part is I've heard CEO's try to say that not being in the office will hurt your career in that sense. As if a drop in the cliques and cronyism that takes place when people work remotely is somehow a bad thing.
🎯 the worst
Going back to "the office" is about perceived control and the fact that so many companies have so much tied up in real estate and/or leases
As someone who has worked fully remote, intentionally went back into an office full-time (changed jobs with a pay increase), to switching jobs again with a hybrid schedule. I can tell you that as long as you do your work, that’s what matters. I’ve known remote workers who were individually forced to return to working in an office because they didn’t maintain their productivity but those who do usually get to stay home. I’ve witnessed this. And I’m pro WFH/hybrid at the minimum because work-life balance makes happy productive employees
Hybrid is where its at !
Y'all have lost it. Lmfao look some of us have kids and grandmothers to take care of. Remote work provided a sustainable living arrangement as well as time to modify any emergency expenses. Nothing like working my but off and my car breaks only to have a CEO or manager fire me for being late when I could have done remote work from the comfort of my own home. Allowing me to tend to multiple situations without impacting my ability to work.
If they didn't maintain their productivity at home, they didn't have it in office either lmfao. it's so silly to pretend WFH is only meant for a select few people [like you, since you're implying it with how you talk].
That said, happy employees do their work. People who are burned out from micromanagers trying to force them back into office to berate them in person would definitely not be productive.
And you forgot to mention the fact that 9/10 employers who never had remote positions posted before the pandemic instantly thought the work being at home would mean they have an on-call, 24/7 team of personal assistants and were super offended that people still followed their work schedule at home. The majority of bosses complaining about 'non-productivity' 100% tried to get their remote workers to 'do a quick favour' after hours and reprimanded the employee after their days for 'being unavailable'.
@@MoneyRemoteI don’t know if you’ve ever supervised but you forgot about the employees that are “unavailable” during work hours. That’s where the fun starts.
No and no. Companies not only end up being equally if not more productive due to a happier worker base, they also save money by not needing massive in-person offices nor potentially needing to pay as much.
The second my company let us work remotely 100% they immediately consolidated the amount of office space they leased so it’s a win win
@@SonnyChanhvongsak My old company was almost fully remote and I and my fellow team members actually felt less productive in office than at home. Only people that get hurt are office leasers, but hey, need to start converting some of those office spaces into more housing anyway.
It's not really happiness but practicality. Why waste people's time on hours of commute? They can use that time to get more sleep and be more productive at work.
Also the cost savings for not having to commute and buy food for lunch means people need less pay to make the job worth it.
It's a no brainer.
LOL just wait till companies and ceo's realize that remote can mean really remote. You wanna stay away from your manager? Fine! Say goodbye to your job for some guy in asia doing it for a fifth of the pay and less demands.
Be real careful what you wish for.
Sincerely,
Guy in Asia.
Only for small companies. Large companies use their real estate value to reinvest into their stock. So if u don't come in the value of that building declines and so does the value of their company
Burned out while working in office. 1 hour commute was brutal, I left that company and went to a full remote company even before the pandemic and I've been there ever since. Never been more productive and efficient in my life since remote work.
You had me at 1 hour commute. That's insane. Congrats on the improvement and productivity.
@@msbrooke1488 Back and forth was 2 hours (including traffic). It took a toll on me after 6 months.
They're literally citing McKinsey a criminal company about the impact to commercial real estate. Watch John Oliver's take on them, literally talking about how McKinsey underestimated the growth of the mobile cell phone market by over 1000% back in the 90s!!! That company and the expensive graduates they hire literally have 0 credibility.
@@msbrooke1488 My uncle did a 2 hour commute twice per day for his entire corporate life, around 3 decades. It's such a shame that this was ever considered normal and "just something you have to do."
@@user-mf6kz3ld5r Yes, that's rent money in most places.
I recently attended an event organized by PbatesLTD , and I was thoroughly impressed. The event was well-planned, engaging, and exceeded all of my expectations. It was a memorable experience.
This is what it’s really about : commercial real estate values are being threatened.
This isn't to improve productivity. Many of these companies have their money tied up in investments/assets intertwined with commercial property and/or other businesses that need people to get dressed up, get in a car, and be held hostage in an urban center. It is also driven by people who love being in the office and/or hate being home, so they want to drag everyone back in to entertain them. The last part is companies trying to quietly fire people, which is done by getting employees to resign so companies don't have to pay exit packages.
I agree. Also, seem very sociopathic, greedy, and selfish of CEOs/Investors/Gov't, etc at the expense of the worker vs real productivity
YES, if they were honest they would say it. They need to save commercial real estate!!
@@mr.188I mean there is a disproportionately high percentage of ceos who exhibit clinical Narcisim for a reason.... it's cuz you have to be a narcisist/psychopath to be able to truly participate in capitalism
All true.
Whoa😮....you "get it"😁.
This situation was incredibly predictable. In 2020, when the sole option for many corporations to sustain operations was implementing a 100% work-from-home setup, remote work was celebrated. Companies highlighted the productivity of their remote employees and the benefits of this arrangement. However, now that lockdowns have eased, these companies seek total control over every second of their employees' eight-hour workdays. Ultimately, it seems it's not solely about productivity but rather about exerting control.
Productivity was high because you had nothing else to do everything was shut down! Now things are open and back to normal people leave their homes go shopping go to the gym go for walks travel etc. so now productivity is low.
@@TopVillainYou think that tech companies who quite literally were tracking your mouse movements and key taps wouldn’t notice people leaving for hours to run errands wouldn’t realize what’s going on? Or if you miss an IM or email? Like come on. My boss would know if I just wasn’t working at all, whether or not I’m in the office. Also, work product shows it as well. If I have nothing to show for the 8 hours I worked in a day, then clearly I wasn’t working.
exactly.
And not just the 8 hours of working time, but the time before and after it you waste to commute...that's the bigger problem.
@@andersonstudiosmusic take you laptop with you smh 🤦♂️
There are more distractions in the office, especially the open office, yuck. Billion dollar companies can't even afford a decent cubicle.
Remote work has changed my life and work productivity drastically as a mom. I NEVER call in anymore or have to spend money on daycare or travel . I can afford to live. I hope it never goes away.
One thing that never gets highlighted is a lot of people get pulled back in just to spend time on zoom calls with teammates in other states 🤦🏼♂️
Them: Collaboration!
Me:....but....but I collaborate with people in other states over Microsoft Teams?
@@RandomJane104 bingo!
100% remote worker ... never going back. When large companies like Facebook started this I laughed as they have so much physical assets. Apple as an example didn't spend millions of dollars on a new HQ for it to sit empty. As a Manager I can say you just need to ensure that you explain expectations on productivity and keep an eye on things. Out of sight out of mind doesn't work.
Millions? Try 5 Billions of dollars on that futuristic camp.
Millions on the Apple HQ? Try $5 Billion 😂😂😂
lol let’s be honest people who work from don’t work as hard.
@@newtec-kd6vy jealous? I can see why. I don’t get stuck in traffic or distracted by co-workers in “how was your weekend.”
@@laborspy Not in the least.
In my job we were told that we needed to get back to office because we need to be physically present in order to share "our corporate values and culture" (and all that nonsense BS), but during the lockdown the company eliminated several buildings so now we are all packed in just two buildings, therefore there aren't enough parking spaces and working stations so not everybody get one, they also eliminated permanent places within the office so you don't have the opportunity to "share those values and culture" because you don't necessarily sit beside your team and/or peers, you sit mostly with strangers who don't talk to each other, and because of the insufficient places you need to arrive like 2 hours prior to your official starting hour to secure a desk and a chair reducing even more your flexibility and quality of life, so it's totally idiotic, useless, unproductive and non-motivating.
I don’t care how low the commercial/ office real estate market slumps, I won’t be manipulated back into the office if I can do the job better from home. I’ll change my career if my current industry turns against remote work. I’ll never sit in another cubicle surrounded by coughing strangers again.
Here are some reasons why some CEO's are fighting against it:
- They are facing the loss of tax cits and benefits. Pressure by local government.
- The messy tax obligations that comes when remote workers work outside of the US.
- Controlling leadership. Previous generations are used to control on order to get results. Now that there's a new way that's more effective they are having a harder time adjusting. It is a big adjustment and it's fair that they react out of fear. They don't know how to manage it.
America's issue is that those in position of power aren't retiring, developing new leaders and promoting a successful change of guard. That goes for corporate America and the Government. This is stiffling America from growth in this new age world.
I worked outside the US for a while and have no idea what tax you are talking about. USA is one of the few countries to tax by nationality so it doesn’t matter if you live in Antarctica 🇦🇶 you are still taxed as long as you have that passport.
What do you mean by "tax obligations for workers outside the US"?
What part of juniors don't really get the job done properly working at home without any previous experience do you not understand. If you think I'm hiring a junor coder to sit at home rather than amongs seniors to learn his/her craft and our infrastructure quicker you got another thing coming. Same with engineers, marketing, sales..a lot of position you gotta learn via osmosis not guessing after watching some youtube videos.
Having worked remote for several years now, one thing that stands out is if someone is a rotten person. It really takes a lot of effort. That getting out in the wild really scares such people.
Nice try corporate shills, will never step foot in an office again. Quality of life is 100x better having flexibility in where you work.
So true, Never going back....
As an individual with a disability, remote work is a godsend and allows me to be a contributing member to the workplace.
Unless they shut down the internet, I’m not coming back to the office.
My company embraced remote work to the point that they didn't renew the lease on the office.
Remote work has enabled me to earn a HCOL area tech salary while living in a LCOL area. I'm saving thousands of dollars every month thanks to remote work. In a few years it's going to become clear that working remote was a massive financial win for workers who stayed remote and office work was a burden for those who went back. I'm on track to put away about $80k this year in savings and investments thanks to not being tied to an office in a HCOL city.
I sorta did the opposite but for quality of life reasons. I'm heading off to the ski slopes tomorrow.
Pocketing $80k extra in a year? Dang. What do you do exactly?
are you hiring?
One thing people should know is that a crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7 figure profit in crashing market and pull it off much easily in bull market. Personally I’ve made over $310k in this year. There are lots of opportunities in the market, unfortunately people are not utilizing them.
What opportunities are there in the market and how do I profit from it?
@@NaomieEvaAddams There are quite a number of undervalued stocks and Defi assets available in the market, get in on them. You can also short the market, there’s a lot that can be done to maximize profit.
I'm very interested in investing and I have good sum of which I'm willing to put in with the right information. Tried investing in stocks myself a few times but I’ve never been in luck picking stocks.
@@adijkhady2840 Having an advisor is essential for making high yields investment, portfolio growth and diversification as well as Capital preservation which is just as important as the stocks you buy.
The mistake most newbies make is rushing into trading without adequate knowledge or guide
My company fought remote work as long as they could, now they don't want to go back... they're saving money on office supplies, heat, electricity, no more buying coffee and plastic forks in the kitchen area, no expenses for food for meetings and celebrations and most importantly, they don't get sued once a year because a fat old employee slipped on the ice in the parking lot... that happened once or twice each winter.
The reason remote work is dying is to maintain the wage slave culture. Remote work empowers the employees, and companies hate to lose their power.
Loss of what power. If I was an owner I could pay my stay at home workers less since I would be saving so much more money. Also if they didn’t want to stay at the company that’s ok because everyone is replaceable. CEO’s are going to realize this and I bet you anything they will not release office space and pay workers less. You want to work from home, no problem at all.
Imagine if they sold the office, and in place of white sad walls with tired workers, the land was repurposed as parks and apartments for remote workers to live happily in 🤩
Great idea!
I bought the building for $300m 10 years ago. It was making me $21m a year in rent. Let’s sell it for $50m and then pay another 5-15m to demo the thing. Then spend $[x] to make a park over it.
I’m not making fun of you I just wanna run through the real numbers these landlord’s face … it’s not as simple as you’re making it out to be, but I do think the benefit is there :)🎉
Good idea, but zoning laws mean that that real estate must be used commercially, and cannot be used residentially.
Thus we must all unite to abolish zoning laws.
Bruh there's no way I can work outside in a loud noisy environment
Stop, please.
I was just thinking like we could do away with a whole lot of empty commercial real estate and turn it into residential. It's not like we don't need it.
It’s good to see many companies have started mentioning the option of remote/hybrid work in their hiring ads.
My heart goes to the entire community for PbatesLTD building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
I was working remote before the pandemic and am now back in the market for a new job, most of the companies I've talked to want me in the office and that's not going to work for me. The extra 2-3 hours a day that I save by working remote are mine. It gives me time to get my life in order, take my medicine, live a healthier lifestyle, and not drive my vehicle into the ground.
Office doom is the city planning problem, not the workers’ problem. Support remote work forever!
Remote work changed my life fully. Went from living and working in central London, then commuting by car and train to fully remote and travelling and living around the world. Pandemic forced my employer to make me redundant and lose my dream job as a photographer (amazon), then my old employer called me with an opportunity to come back and help them out remotely. It's been almost 3 years now and I lived in 3 different countries moving to 4th, opened my own business, found a girlfriend and we travel and work together. However, I count myself very lucky and I agree that remote work isn't for everyone and everything but employers have to be honest with themselves, do they really need people who spend 100% of their time working on a computer to come to an office? My boss said the best: "If you want an office I'll rent one for you, like Swedish or Polish colleagues they like working from an office. I prefer to be at home and drive to a factory when there's a need, if you're happy where you are, I'm happy too!"
Love the PbatesLTD content. I think this project is just as essential as HBAR and they both will be great movers
What are these comments? Who paid for these bot comments lol?
@@Coolguyallthetime2k For real lmao
As an IT professional, I've been able (and have done) remote work off and on for the past 20 years - mostly what we call "hybrid" today. Each year, the tools keep getting better. In the past, I always found it interesting that I had to sit in agonizing traffic each day just to work virtually with people on the other side of the world. At least for many high-focus professions like software engineering, an office environment is more distraction than anything else. Pre-pandemic, I used to work from home 1-2 days a week just to get stuff done and save collaboration for other days. For the past three years, I've been 100% remote - I'll only go back into the office once the last company does away with it or perhaps I'll just freelance instead.
@JasonTaylor-po5xc
I’m a IT professional myself.
I’m a System Administrator and im Security + 501 certified! During the pandemic I worked full time remotely from home. Last year my manager tried to get me to come into the office full time! His excuse was the same BS line everyone uses (collaboration and teamwork)! I told him I have 10 years worth of IT experience with certifications and I would leave if I had to come into that hell hole of a office full time. So we made a compromise and I just come in the office 2 days a week on Monday and Tuesday.
curious ,why do you have to constantly communicate with people on the other side of the world each day? what are you talking about exactly and why?
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
@@marybailey7881 It's been a few years since I had to work with folks on the other side of the world. It was a work fad called "outsourcing" companies used to save on expensive US staff. We mostly talked about rugby and sometimes work stuff.
I am totally ignorant of your type of work, so help me out here, why would your employer pay you so much to just chit chat over the phone to people in China or India about sports?@@JasonTaylor-po5xc
Going to work when you have an office job should no longer be an everyday requirement. I have 0 problems coming to specific events and meetings - if Zoom meeting are considered not personal enough - but I don't see any reason in wasting roughly 2 hours of my time, lots of energy and a considerable amount of my own energy to take my laptop to work only to work remotely on the exact same server I could just as easily work from home on. It just makes no sense.
We moved away to somewhere we can afford because even at 6 figures with half our money being taken away by taxes we just couldn’t afford the rent. And it’s not like we can live in our car bc in NYC you will be ticketed and towed to death. So if they want us to go back to work they might want to work on PAYING PEOPLE A LIVABLE WAGE. No way in heck in our 30s are we having roommates that’s just sad. Want people to come in to work? Pay people enough so they can afford to live where they work. It’s really that simple.
My job will transition to hybrid remote after a few months of training. I work for the state government, and it is the first job that I have had where I can be remote. I think it is an amazing benefit of the job as it means that for three days of the week, I can save on gas, time, and money. I don't need to drive to the office and park. The two days a week I am in the office means I have to drive a bit, but it is still manageable. I am 24 and have worked mostly in person, but I am excited to see how hybrid remote work works out for me as it will be a new experience
having happy workers that feel like they're getting meaningful perks will always be a win for companies. Saving costs on commutes, lunches, business clothes and even saving the stress of dealing with toxic co workers is valuable to staff. It provides incentive for them to remain loyal to the company because no one really wants to give those perks up. Also, saving on office space, electricity, insurance for these buildings can save mulitple millions across industries that can offer this.
I guess data says otherwise, because those big tech companies who offer lots of perks are now firing people like crazy.
@@hellosammy4105 They over hired in the last couple of years, and now that the market started slowing down they are cutting costs.
Is it true that at the end of 2023 , that MOST people still mostly work from home? When do most people ever leave their home nowadays? Is this not a massive social change that deserves more discussion on the mainstream news media? Why does it seem that not enough focus is given to this major social change and the repercussions that it might have in the commercial real estate market? What are they going to do with ALL of the buildings that people use to go to work?
@@marybailey7881 , I think if you watch the video, it addresses that.
yes, but most media do not address this major social change@@christinah.8504
Personally, I think investors will start to seek more market diversification. can i confidently invest about $350k into the financial markets in 2024? I'm still not sure how rates will effect the market just yet, which worries me a lot.
I think investors who are wary of changing market trends should seek out bear market directions from certified strategists/planners. Safer that way
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
There are a lot of independent advisors you might look into. But i work with. Aileen Gertrude Tippy and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I worked in blue collar and white collar positions during pandemic. But knowing how corporations think and operate. And seeing how the ‘work from home’ seemed to good to be true, i had a sneaking suspicion it would end, even when folks kept saying it was going to stay around forever. Here in Boston, I saw people being forced to go back into the office for hybrid work starting in 2021. Now folks have to do four days a week. But I’m sure they’ll be gone too. When tried applying for remote jobs, they were so few in number in Massachusetts.
Working from home is a true money saver, is best for the family and mental health. But companies don’t care about all that. And they will reverse, and buy back buildings, and make everyone slowly, but surely come back to work.
I started a new job this year as the head (VP) of my function. Fully remote. It really is like a dream in some respects. I make 1% income. I have multiple homes in different states and working remotely lets me move around. My boss is on another continent. My entire group is fully remote in different time zones/countries and we work well together with no drama. I know 100% that my group is not working fully throughout normal business hours (neither do I), but we do whatever it takes to get things done, even if it means working outside of normal business hours on occasion. When I started out working many years, I would never have envisioned that work could be anything besides commuting to an office and being chained to your desk for 8 hours.
"chained" had me in stitches.
making that bigly 1% VP salary just so that it can all be sucked away by the vast amount of property taxes and income taxes.
@@brandonmathieu1892 Yeah, taxes are a curse. But I consider myself a "full time resident" of Florida, so at least I don't have state income tax.
i'm honestly ok with hybrid, I like flying over to my company's office every now and then. what I don't like is coming to the office just for the sake of being there. it makes no sense for me to come in for a 1h meeting and stay there for 7h when I communicate with everyone over slack
Or just do the meeting over Zoom and save everyone a commute.
Same, sometimes it's nice just to get out of house for a while. I would prefer 3 days out of the office 2 days in the office, but I would probably even ok with 2 days out of the office and 3 days in.
I'd love to see commercial buildings redesigned into smaller business suites!
My barber shut down his old 1000sqft barber shop that he'd been running for many years and relocated into a smaller 120sqft private salon suite within a commercial building downtown. The salon suite is awesome because it's just you and your one barber/stylist/aesthetician/etc. He also loves it because he no longer needs to manage other people, a large building/property/parking lot, collecting "rent" from seats he leased out to other barbers, etc. He just maintains and builds his own mini shop, equipment, clientele, etc.
As an aside, the salon suite idea is just amazing for those needing multiple services (hair, manicure, pedicure, massage) all in one building.
The irony that this video was completed by workers while all working remote lmao
I was almost forced to come back to the office, arguing that person-to-person is really critical. Paradox is I have 90% of the meetings in the office through Teams…
Gosh. I would be INFURIATED!
😂
Nope, it isn't. They'll be pushback from some companies but you can't close back the genie - it's been extremely useful. And more resilient than having to do things all in the office.
Exactly, we have already proven that you can work at home with cloud, wifi, zoom etc there is not point in going to the office. These people really still try to be delusional that people would want to wake up early to prepare and go to work, deal with added cost, traffic
I did not believe that after the whole FTX drama there's any good to get this year but PbatesLTD proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
That’s why a while back I told my supervisor that sure, I’d come back into the office more, but I’m counting half my commuting time as working hours. If they’re going to take take time out of my day by forcing me to do something that isn’t necessary then they’re getting less time from me, too.
I've been working from home as a software developer since 2009, I won't even consider a job that isn't remote and I only apply for jobs that are far away so they won't ask me to come into the office. I am not sure where the idea that remote workers are less productive comes from. I still have deadlines and tasks that my boss expects me to do and as long as I meet those requirements what's the problem?
Have you see it become easier or more difficult to secure a remote job in the industry post-covid? And/or post 2022/2023 layoffs?
It was relatively straightforward to get a remote job in software from 2020 to 2022. It seems the market has shifted since then. I guess I'm wondering if it is more difficult now than pre-covid to find a remote dev job.
I don't plan on leaving anytime soon but it is best to be prepared for it. Like you, I'll never step foot in an office 🙅
@@Lost1nTranslation Well I still get contacted by job recruiters via phone calls, email and Linked-In. Maybe not quite as often but it still happens.
I'm baffled that we haven't learned anything from the covid era. We literally spent 2+ years working remotely from our homes and know for a fact IT CAN WORK. While saving a lot of money in the process.
It doesn't apply to workers who have to physically repair machines, physically operate machines ... It doesn't apply to nurses who have to physically take care of their patients.
Most people I know who were in a hurry to go back to office it's because they "need some space from their family", mostly the kids.
Over and over I head the complains are mostly related to having issues dealing with their kids.
So we are being forced back to office to:
- Allow people to spend less time with their families.
- Help the real state market agencies.
- Help the goverment collect taxes.
Imagine being so disconnected from what truly matters most in life that you want less time with your family for WORK. wtf is wrong with some people.
People who don't want to face their home problems head-on are for sure the reason we were all forced back into the office. That guy who hates his wife, that woman who never trained her children how to behave and now they are little terrors. Also there are the losers who have no outside hobbies and interests that allow them to meet people and so they view the office as their own little matchmaking service. The office is a place to work, not meet your next boyfriend or girlfriend. And there are the middle managers whose role is mostly undefined and who know that they are obsolete. They need an in-person workforce to seem relevant. Finally you have the upper C level people who think that employees sitting in beanbag chairs and playing ping pong are needed to show company culture and set them apart from competitors. (The employees like their coworkers but have family and friends already and don't like having these lines forcefully blurred.)
You forgot "Support the commercial real estate market"
And "justify the existence of in-office positions like Middle Managers and office support staff"
@@RasheedahsWifeSchool 🥇👏
I agree. Been saying this since 2020.
Telework works best for those already established with their job routines as well as personal life. It's not so great for entry-level who still need to build up their professional network and human soft skills that you can't get through text chats and scheduled meetings.
This is why schools in particular have been rushing back to in-person classes -- those random interactions between lessons are a crucial component of the education.
I just see the dollar signs in CEOs/Mayors/Deans eyes🤑... and the fear of loss in taxes, tax-write-offs, capital, and their egos...amongst other reasons, but seldom does any of those take the workers'(collegiate) benefits into consideration
Remote/hybrid work is the future, that is why technology exist - tools to collaborate and document without physical limitations, record every word said on meetings, desktop surveillance software, all of these are not fully taken advantage when you sacrifice them for a "manage by walking" bureaucrat. Don't let your manager drag down productivity!
We got the message if you work from home, please leave the company.
In my experience productivity is boosted when working from home. Currently we have 3 days at the office and 2 at home, most of the real work gets done in those 2 days. This last summer there were some renovations at the building so we spent 5 weeks working full time from home and it was the most productive august ever. At the office people get there already tired from traffic, they waste a lot of time talking to each other, having coffee or relay too much on printing when it's not necessary.
sadly the managers just want people where they can see them even if they contribute less that way so we may even lost the 2 days of remote work. It's pointless.
On a wider level if remote work was more prevalent we'll have lower rent, less energy consumption from cooling/heating/lighting, less co2 emissions from cars, less wasted time commuting,.... there are no negatives
Exactly. At my company, we've been forced 4 days in office again.. uptick of traffic noticed as well post pandemic. So commutes are getting longer again. But if the company wants people to visit chat more often, that's what's happening = less productivity.
My productivity isn't tied to the location that I work at. Due to the type of work I'm doing now. So me having to go into the office is pointless and actually makes me feel more frustrated. I can do the same work and be more relaxed at home.
My heart goes to the entire community for JOBFLIPUSA building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
I work for a non-profit with Adults with Autism. I get my energy and sense of purpose from the people I serve. I have worked from home and I can't stand it. I love leaving my house dressed in nice clothes, make up, hair done. Im too distracted at home.
Until mass transit becomes safe again, in person work in major cities is just too dangerous.
If the focus is on the output instead of presenteeism, companies would find themselves making much more money in the long run. As a middle manager, I only care if my team completes their work and works towards their set goals. I don't care if they do it at home or in the office. But the company insists on all of us being in the office far more often than we'd like. All this while insisting that they increase the workforce overseas! So you have some managers with entire teams who are overseas and they come to the office just to sit in a corner on video calls all day!
Most of the investors of big companies are also the ones that are heavily invested in real estate in major cities. Of course they want the workers to go back to the offices.
It depends on sector. my work need a lot of collaboration and much more efficient in the office setting to ask/discuss next to next rather than writing and waiting for answers and back and forth. Hybrid is a good compromise.
Some families got rid of the second car during the pandemic and invested in technology and maybe even a larger house to be able to work from home. So now if they have to go back to the office they have to buy a car, car insurance, lose 2 hours a day commuting, add to traffic, buy lunch out every work day, buy gas, and many other expenses so they can go to the office spend more time socializing with people complaining about traffic, lunch, etc. All to be able to use a tiny laptop screen on that crappy network that's slower than the connection at home? At least you can take that 2 hour lunch that counts as a "meeting" with co-workers to complain about more stuff. I've done both and the years I worked from home is when I added the most value for the company and spent the most time each day being productive.
Remote work is the most effective way to fight climate change. Most commuting Americans drive for at least part of the trip. My annual miles driven went from 15,000 to 7,000 when they sent us home. Instead of spending billions on windmills in the ocean and encouraging people to buy $50K+ electric cars, if the government just encouraged employers to support WFH, we'd be making a real contribution to lowering carbon emissions (at zero taxpayer cost).
Exactly!! I'd even be open to some sort of tax break to try and push companies who can do remote work to switch.
Remote work can work really well with the right staff. Some of my best employees do their best work from home. Depends on the type of work they do. Hybrid is even a great option.