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There may be some enterprising startups that could take advantage of this situation where people have experienced the states of working at home (and the lockdow
by frankfrankfrank 5y ago
There may be some enterprising startups that could take advantage of this situation where people have experienced the states of working at home (and the lockdown) that has broken employees away from the prevailing rat race system that had them ensnared in making money to squander money and showboat money.
The window of opportunity is very small and those high value employees who the big corporates can ensnare with high salaries are surely willing to value or prioritize other criteria for the time being. That window will surely close soon if the choked out economy is throttled back up again and the neo-slaves go back to their bread and circus to keep them distracted.
You do point out one main driver, manager anxiety about justifying their existence (I am not saying they should not exist, only that it is a high anxiety position), but there is also a bigger factor that is corporate finance and accounting driven. Massive investments in capital assets in the form of real estate and their overhead costs that are also collateral and backs all kinds of other derivative things like valuations. For example, institutional value investors look to book assets for investment cues. If the justification for office space breaks and is sold or even leases are cancelled, it will skew the numbers and institutional investors (private and public) that divine those numbers who rely on or are even legally compelled by past patterns, are not necessarily adapted to these new or future patterns and changing realities.
The system, any system is inherently driven to revert to the mean. This community, over most other communities, should realize that.
- misnome 5y ago> You do point out one main driver, manager anxiety about justifying their existence (I am not saying they should not exist, only that it is a high anxiety position) Like I said, I think that this period has starkly divided the good and bad managers, and really shown the value of someone who actually cares about what their team needs, what's stopping that, and how to support/cover them from wider company politics. Unfortunately, I think in any oppressive company (which seems to be most of them once they get to medium-large) the selective pressure is against these managers staying, as they often don't get this reciprocity from their managers, or somewhere above that, and at some point it becomes too much, and you basically have to write off the whole team as the things that actually let them be productive are removed and they drift away. > a bigger factor that is corporate finance and accounting driven I mean, we are a national facility, so the space is to a certain point already "priced in" since the physical machine it's built around isn't going anywhere. But we were struggling to accommodate new people and even embarking of plans for an expensive new building on campus. WFH or hybrid working would completely solve that without big expensive investments. All the people I know "IRL" working with small companies and startups dropped the rented office space as soon as they could last year (sensibly) and probably aren't going to go back at all. It really will be interesting how this affects things long term, but I am afraid that you are probably right about things reverting towards the mean, and the momentum against change at large companies meaning that the average experience is only being slightly affected by this year's "experiment".