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"Remote won", but I did not know there was a war? Am I being gaslighted? I do prefer in-office work by a huge margin, to the point where working remotely or ha

"Remote won", but I did not know there was a war? Am I being gaslighted? I do prefer in-office work by a huge margin, to the point where working remotely or having more than a few colleagues remote would be a no go for me.

nextlevelwizard 3y ago
You can’t be having those opinions! It is illegal to nit like full remote work around these parts
malux85 3y ago
I think the whole thing is working out great, people with bad attitudes and/or outdated views of the world are self filtering!
fnordpiglet 3y ago
The issue is the amount of money spent on commercial restate leases and maintaining space is quite high. Once upon a time people thought “hey if we could let people use their phones instead of a corporate blackberry we could save like $5mm a year!” BYOD was born. Now, as passions cool and leases come up for renewal, they’ll look quite hard at the hundred million spent on real estate per year. Most companies compute a per head occupancy cost. I know for banks on walls street it was $30,000/person/year before 2020. With hybrid that’s becoming nearly $60,000/person/year because the people only occupy the seat half the time. Thats eye watering numbers. It’s going to be increasingly hard to justify without concrete returns on investment. “I prefer,” “serendipity,” “corporate values,” “think of the children’s careers,” etc only have weight for so long. Right now there are enterprising finance directors preparing slides to help secure their next promotion proposing eliminating most office space once tax agreements and leases expire. Boards will see a nice uptick in EPS as the conclusion of that deck, and when the almost retired CEO starts lamenting the loss of the way they grew up, they’ll buy them a horse and buggy whip and shut down the office. This will pale compared to the wage savings they’ll reap when they level the wage distribution nationally. There’s no reason to pay inflated rates for Bay Area or New York City employees, beyond the very few that are genuinely differentiated. It has nothing to do with preference at the end of the day. And there will likely be some much smaller offices for people who really insist on working in an office. But for most people it’ll just be a thing of the past

nextlevelwizard 3y ago

You can’t be having those opinions! It is illegal to nit like full remote work around these parts

malux85 3y ago

I think the whole thing is working out great, people with bad attitudes and/or outdated views of the world are self filtering!

fnordpiglet 3y ago

The issue is the amount of money spent on commercial restate leases and maintaining space is quite high. Once upon a time people thought “hey if we could let people use their phones instead of a corporate blackberry we could save like $5mm a year!” BYOD was born. Now, as passions cool and leases come up for renewal, they’ll look quite hard at the hundred million spent on real estate per year. Most companies compute a per head occupancy cost. I know for banks on walls street it was $30,000/person/year before 2020. With hybrid that’s becoming nearly $60,000/person/year because the people only occupy the seat half the time. Thats eye watering numbers. It’s going to be increasingly hard to justify without concrete returns on investment. “I prefer,” “serendipity,” “corporate values,” “think of the children’s careers,” etc only have weight for so long. Right now there are enterprising finance directors preparing slides to help secure their next promotion proposing eliminating most office space once tax agreements and leases expire. Boards will see a nice uptick in EPS as the conclusion of that deck, and when the almost retired CEO starts lamenting the loss of the way they grew up, they’ll buy them a horse and buggy whip and shut down the office. This will pale compared to the wage savings they’ll reap when they level the wage distribution nationally. There’s no reason to pay inflated rates for Bay Area or New York City employees, beyond the very few that are genuinely differentiated. It has nothing to do with preference at the end of the day. And there will likely be some much smaller offices for people who really insist on working in an office. But for most people it’ll just be a thing of the past