Return-to-office orders look like a way for rich, work-obsessed CEOs to grab power back from employees::White-collar workers temporarily enjoyed unprecedented power during the pandemic to decide where and how they worked.
“These elite CEOs probably work 100-plus hours a week and they’re much more work-focused.”
No they don’t. Full stop. Let’s stop fabricating this bullshit. That’s 16hrs a day M-F with 10hrs Sat/Sun. Elon Musk is not doing those hours period, let alone while also finding time to play Elden Ring.
Yeah people need to stop acting like they’re the most hardworking people out there. They definitely are not. Especially when you can be CEO of multiple companies and no one bats an eye.
Well, let’s do some quick math. Let’s count billable hours in a day with a minimum billable hour being 1 hour. If you work a 6 hour work day, and can complete the average task in 15 minutes, that works out to 24 possible billable hours in one day accounting for a total of 90 minutes of actual work.
So yeah, on paper it’s actually really easy to “work” 100 hours per week
I totally agree. I always think it’s weird when they have interviews or podcasts about talking to CEOs and they all say something like “you just have to work hard enough”. Yeah. Okay.
Where are the podcasts where they ask lottery winners for some vapid aphorism about hard work paying off?
They could and should do a podcast of that married couple who gamed and won the Michigan State lottery… I mean that was a lot of hardwork lol.
Jerry and Marge Selbee if anyone wants to look them up.
Even if Elon Musk is putting in 100-hour weeks, he’s the CEO of five companies, which means being CEO of one company is a half-time gig at most.
Or 20%? 🤔
Highly doubt he actually plays Elden Ring
He played it enough to make one of the worst builds I’ve ever seen. A heavy rolling mage with two shields…
My main take on the pandemic is that employers involuntarily gave their employees a huge benefit set by having to go remote. They had to give this benefit set not just to their buddies or a select few, but to people they consider undeserving or do not trust.
All of their moves since have reflected that they want to put the cat back in the bag.
It’s not about productivity at all and never has been. The studies even called the bluff by comparing productivity and determined that productivity is higher with WFH. The reaction to that has been to ignore the data and lean back into gut feel, because high level management isn’t really about productivity.
You can tell this simply by the fact that their natural environment is the office and very few things in an office environment are actually about productivity. The reason they want return to office is the same reason they wanted open offices: control. It’s easier for them to hover behind you in an open office plan. It’s easier for them to order you around when they don’t have to call you first.
It’s all about control, and likely always has been.
As a manager, I can confirm that productivity drops in the office (even my own). I’ve got team members that choose to go to the office (moreso than me). I encourage them to work however they prefer, and want. You can work anywhere around the world however you wish, including at some nice beach, as long as it doesn’t affect the project.
You sound like a not-dickhead ;-)
A lot of that control is about perceived obedience and perceived productivity.
In many areas you’ll find that ACTUAL productivity matters far less than perceived productivity.
And it’s easier to perceived productivity when you can walk a floor and see people work as you walk by.
This is 100% true and I had to learn it the hard way; perception matters just as much, if not more than getting the job done.
“When you look annoyed all the time, people think that you’re busy.”
- George Costanza
I’ve lived by this advice my whole career and it’s never failed me.
high level management isn’t really about productivity
High level management is about preserving your position as a high level manager and securing the maximum compensation for it.
I’m going to go the devil’s advocate route and say most managers are less effective at THEIR job in WFH situations.
Of course, it could just be that middle management is obsolete but that doesn’t explain why the CEOs aren’t just
laying offfiring a bunch of middle management.As a manager who WFH, if managers are ineffective at their job, it’s either that they suck, or their org structure causes them to suck.
If upper management wants a manager to manage 30 people, of course they will suck.
Keep the team to 8 max so the manager can actually do some hands on technical work as well.
Of course, it could just be that middle management is obsolete but that doesn’t explain why the CEOs aren’t just
firing a bunch of middle management.laying offSomeone has to suck someone’s dick.
Good, they’ll be left with second rate wage slaves while other companies who trust their employees will be more productive and competitive as a result.
They don’t care. They need to lead/rule over/command people. Second rate or not.
So many don’t understand just how wildly inefficient bureaucracy is; what happens isn’t the most profitable thing, it’s the whim of whoever managed to claw their way highest up.
Basically, the decisions are the manifestation of the artificial stupidity of brute force.
How are the MBAs going to pull all their power poses if we work at home?
Through Teams, Webex, Zoom, etc like they already do … all the newer nimble companies don’t care where you are.
That’s why I’m sticking with my company. They even sold about 90% of their buildings and we are never going back to office. They have saved billions, why would they send us back? They make sure to tell us that we will never be sent back to office, unless someone chooses to. There is one office left for those who want to work there.
Managers are managers because they’re good at playing power games, not because they’re good at their jobs. These games are harder to play if people aren’t there. That’s why they’re so scared.
When I got my newest job the boss was bragging about I can work as much overtime as I want at 1.5x. like bitch I want undertime, let me work less!
As a manager, I empower my team to work remotely as much as possible 🤷
Some managers are actually really good at resolving conflicts without bias and keeping the team functioning smoothly. In tech at least, people who make things aren’t always that great at interacting with other people.
Of course, the kind of manager I’m talking about doesn’t care how/when/where the work gets done, and they don’t micro-manage.
OK OK, I’m not saying all managers are like that. But I’ve certainly met a lot of them in my time.
Seems like the commercial real estate collapse has a lot to do with it too.
Eh, that may play a role for the big firms, but most of the small to mid sized businesses just lease their real estate. They’d realistically come out ahead by downsizing their offices.
I think what we are seeing is management really struggling to adapt and find reliable metrics for performance management as well as to promote employee retention and engagement without the social bonds of an office culture.
Small companies are often under long leases. Our landlord was quite flexible and let us break the lease if we did the work to find a new tenant, but most wouldn’t be.
And yes we are coming out ahead, by quite a lot… offices aren’t cheap even the tiny one we tried to use temporarily… have now ditched that and gone totally remote.
How so?
Super simplified version: the office buildings are losing value due to low occupation. Owners of those buildings lose money if the value goes down. Those owners do not want that.
And those owners can almost always find a compassionate ear from their loyal rich CEOs who don’t want to upset a however many years relationship of “I’ll scratch your back if you scratch mine” kinda thing.
Highly plausible deduction.
I see a lot of people say this but I haven’t seen real data that this is actually a trend. Though I live in Australia, maybe it’s different elsewhere.
If I’m understanding correctly, you’re saying you don’t see the trend of office real estate losing value? This might be a problem mostly for the US, but Manhattan real estate is definitely struggling. There’s also the company WeWork, which is basically AirBnB for office spaces, which is now on the brink of collapse.. WeWork had bought up so much office space for renting out that US banks are legit concerned over what happens when they shutter.
Thanks for the sources, yes looks like the US commercial real estate market is in trouble. Here in Australia it’s not that bad, though there are predictions that there may be issues due to economic reasons, with WFH playing a small part.
My understanding is as follows: A lot of corporate debt is backed by the real estate. For example, McDonald’s food operations are far less valuable than its real estate portfolio. If that property is now worthless because no one wants it and it’s unoccupied, banks now have assets worth less than what’s owed on them. That in turn means when the loan term ends, banks can’t just re-finance the debt, because the collateral that secured the loan in the first place isn’t worth what the debt is. That means big problems for companies who now need those loans as a source of cash to pay off the old loans. They now have to scrape up actual cash to pay, leading to more austerity. Because corps don’t have the revenue to pay the banks, the banks lose out on revenue, which means they have to tighten their belts, and so on and so on.
It’s a giant shell game, and from what I’ve read economists are afraid a 2008-style crash may be in the works due to the cycle of debt above.
To add what other folks have said… Banks have a conflict of interest in regards to employees coming back into the office: They hold the mortgages on all that office space. If the work-from-home trend doesn’t let up they stand to lose trillions of dollars.
The bigger the bank the more they stand to lose. This is why banks like Goldman Sachs are extremely vocal about bringing people back into the office and grasp at every little thing that can find to back their claims that, “it’s better”. Even if the arguments they’re making are based on 100% bullshit.
Example: You’ll often hear big bank executives say things like, “teams that work near each other work better” knowing full well that their global workforce doesn’t actually “sit near each other”. On any given internal team employees will live all over the damned world so even if every one of them came back into the office they still wouldn’t be anywhere near each other.
We know this is 100% bullshit anyway because if they actually stood behind these words they’d issue mandates that huge amounts of employees be relocated to the same physical locations and that hiring could only happen locally. They’re not going to do that though because they know what they’re saying is bullshit.
These elite CEOs probably work 100-plus hours a week and they’re much more work-focused.
Oh ffs. I have nothing against Nick Bloom but this statement is so BS. Even if “elite CEOs” could work 24 hours per day, 7 days per week their salaries could not be justified by any means. There are just not enough hours in a day to actually do it.
The mandates symbolize the sharp disconnect right now between the way CEOs and employees think about work.
He’s right about that though.
It’s also to make sure the commercial real estate market doesn’t crash
no it isn’t. the only people concerned about commercial real estate collapse is commercial real estate owners. CEOs care about their interests and power only.
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and the few who actually need the office structure (which are probably the same kids who did their homework Sunday night instead of on the bus home Friday afternoon).
Speaking as someone who did their homework on the bus to school Monday morning, in study hall, and on Sunday night if there was a lot, I’m way more productive working from home because I can chunk out my work.
Say it with me: I wasn’t born to work. I wasn’t born to produce. I certainly wasn’t born to keep old rich people rich. I was born to figure out my own purpose, not have it dictated to me.
I don’t live to work, I work to live. But it’s disingenuous to say anyone with talent can easily find another job. Most workers don’t have nearly as much power as tech workers.
Yep. There’s a lot of people out there who deserve more protections against employers because they can’t just get another job so easy, let alone be able to work from home.
Sure, but second rate employees deserve workers rights too. We should at least be careful to not build our rights on their backs.
For a lot of positions. Remote work is not just the past and the present. It is also the future.
Yep. Once the old boomer CEOs die off, I have a feeling remote work will be more readily available.
This is the best summary I could come up with:
“Because the labor market is looser and there’s more talent to be hired, I think the employers think they’ll be able to get their way,” Dr Grace Lordan, associate professor in behavioral science at the London School of Economics told Insider.
A certain kind of CEO — noticeably skewing male and older, she said — is drawing from this “command and control” playbook as a way to rebuild an employee base that fits their idea of being productive and diligent.
“This belief of a certain cohort of people, and they are represented across all sectors, that presentee-ism is productivity, for them it’s perfectly rational that if somebody doesn’t want to come into the office then that basically means they’re not somebody who wants to add value to the firm,” Lordan added.
Elon Musk is consistently adamant about workers at his companies from X to Tesla being present in office, going as far as calling remote work “morally wrong.”
A number of firms that benefited from a pandemic bump in business, particularly in tech, went on a hiring spree — triggering the “Great Resignation” as workers quit for ever-higher salaries and perks.
That attitude means certain types of employees will lose out — and return-to-office mandates will likely hurt diversity too if they are strictly enforced.
The original article contains 512 words, the summary contains 215 words. Saved 58%. I’m a bot and I’m open source!
And by “look like” we mean “totally are”
Additionally, people have been saying this since day 1. How is this news?
Oh my god, so much this! The only apparent reason I see for many of the “return to office” cases I know about is for middle managers to be able to hold court and lord over their subordinates. As for the actual work that needs to be done, I see little advantage (in fact, constant interruptions for management and colleagues make it quite worse).
These dingles are gonna flex like this just before another Covid surge, I guess?
Sure would be a shame if a lot of those office buildings burned down for no reason…
That would fix everything for the owners because then they can claim insurance and drop the bad assets at the same time
This is terrible reporting, emotional, practically yellow. Two academics are quoted. The article and headline tell you how you should feel about this. This should have never gotten past the editor’s desk.
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A new study by human resources and payroll services platform Gusto Inc. shows smaller companies that have embraced remote work cite higher performance, better employee retention and strong corporate culture built on a foundation of flexibility. As small companies compete with deep-pocketed giants for talent, those gains could provide an edge.
“SMBs are increasingly looking to extend the flexibility that their workforce enjoys,” said Gusto Economist Liz Wilke. “Not only to attract them, but to keep them less stressed, more able to manage their lives, and to build a culture and a team that works for them.”
Companies that started in the past three years are 31% remote and 46% hybrid for their workforces, far higher percentages than more-established companies. Only 22% of younger companies are fully in the office, according to Gusto. Overall, companies that were 100% on-site before the pandemic are split between hybrid work and being fully in the office, with 8% fully remote.
from: https://www.bizjournals.com/bizjournals/news/2023/06/13/remote-work-small-business-success-tips.html (paywalled, unfortunately)
Nobody is forcing anybody – freedom is in the freedom to abstain, and all of us can abstain from working for an employer that demands RTO. There are plenty of remote jobs remote roles are possible, and the smaller the company, the better the job because you (as the individual among fewer) are valued. Big companies don’t care and don’t have to care.
It’s probably another fact missing from this article, but while larger companies are doing RTO, smaller companies are not. Larger companies are making a mistake here, most likely. They’ve got problems and are blaming remote work rather than innovating. Smaller companies are nimble.
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