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My company (management consulting) has smashed profitability records the last two years. A large part of that was not having office expenses and not doing in-pe
by wayoutthere 5y ago
My company (management consulting) has smashed profitability records the last two years. A large part of that was not having office expenses and not doing in-person events. It’s completely apparent that many people used the office as their social outlet, with little work of value happening during those interactions. We are more productive in fewer hours.
Beyond that, our clients are seeing increased success on their major initiatives — communications are much easier when handled digitally as it forces some amount of PMO hygiene if you want to get anything done.
I actually am noticing a bifurcation of companies: the ones who pivoted to full remote indefinitely are able to pay more and are winning the war for talent, particularly in engineering roles. On top of that, it turns out out in-person isn’t so great or efficient when over half your meeting participants are virtual: everyone in the meeting room needs their laptop open anyway for the camera and hot mic issues abound.
Personally, I’m not going back. If they try to push us back, I’m getting another job. This is why employers pulled back on trying to bring everyone back — one of my clients who announced in October they were requiring everyone in-office in January saw 30% of their engineering staff walk out the door over the course of 6 weeks. That’s apocalyptic, it will take them a year plus to recover as most of their teams are now in the “on-call death spiral”. They are now permanently hybrid for all roles, not just engineering.