A new survey shows that the vast majority of senior executives say would’ve approached their return-to-work push “differently.”
The data was already there. Twenty years of it. Remote work is not remotely new. They chose to ignore it because executive fee-fees are more important than facts and data.
This is a minor wave I’ve seen of “oopsies” posts about work from home.
And if history is any teacher, and considering that they spent the last few months pushing the “workers actually want to come back!” fantasy narrative, I expect in a few weeks the pieces will start being about blaming workers for the return to work pushes.
“We told our workers they could stay home forever [by quitting] if they wanted but all [the ones we didn’t just constructively dismiss] of them all but demanded that we let them return to the office.” –Some CEO, Probably
Executives are interested in preserving their buddies and their investments in large corporate rental space.
E.g. Concord-Pacific, by itself, owns something 60-80% of all of the office space in all of downtown Vancouver. Easily into the tens, if not hundreds of billions of dollars tied up in imaginary value.
Including the massive convention center and almost all of Gastown.
I doubt that executives are that clever. I’ve seen this conspiracy theory circulating atm, but it relies on so many assumptions that I consider it unlikely. It assumes that executives “help” each other out by willfully spending money for office space and all it costs, that could be saved in expenses by employees working from home. Corporations are obsessed with cost cutting, why would they willfully waste money? It also assumes that corporations help each other out. Considering the fierce competitiveness corporations are exposed to and how this extends to all fields, including office space, employees, office equipment, etc., this is nothing more than a conspiracy theory. Another assumption is that the push for a return to the office comes from ALL or mostly all executives. Is there actually data supporting this claim? Who is really doing this?
What I think is the real reason, is far simpler and requires less mental acrobatics to justify: The people, who are pushing for a return to the office, (a) have a stake in the performance of the company and (b) are not working themselves when they are supposed to be working from home. They then project their own behavior upon others, and therefore push for a return to the office to, in their mind, prevent their enployees from slacking off.
All large hedge funds and investment portfolios have a real estate component. They lose money if they do it. They think on a level of “if everyone does this what will happen”
They lose money if they do it.
Do what?
Executives are interested in preserving their buddies and their investments in large corporate rental space.
How does forcing their own workers back into their office raise or lower the value of their own real estate? If they use it, they won’t sell it, value is irrelevant then.
But lots of companies that are nothing to do with hedge fund management or also pushing people do return to the office.
“Facts don’t care about feelings”
It works the other way around too, that’s the problem.
There are no arguments for returning to the office that make sense. People who argue against remote work are historical artefacts from a bygone age.
Well to be fair I wouldn’t categorize the entire banking industry and investment capitalists who have over a trillion dollars in commercial mortgage backed real estate collateralized debt obligations invested in those office buildings as being from a bygone era.
TLDR It’s 2008 all over again. They bundled up commercial mortgages into securities that blackrock etc are heavily invested in. They are over leveraged because over the counter swaps still don’t require verified money in the bank to cover losses. If people are not forced to return they know the real estate market will implode and take Citibank Morgan Stanley etc with it
Security is definitely a legitimate argument for some companies. The average home network is nowhere near as secure as an enterprise network and BYOD is not nearly as secure as the systems setup and managed by your organization.
Edit: Everyone saying “use a VPN that’s how you secure your home” needs to do more research. I have a comment below explaining how just using a VPN doesn’t make you safe.
I doubt it. The home network does not need to be secure. That is why you have VPNs and other such technology.
It’s also about physical security, protecting access to your work laptop and protecting IP. That VPN is completely useless if someone can get into your home and access your device. It’s way easier to get into someone’s home than into a properly secured office.
That’s also why you encrypt your drives. The average enterprise figured out how to let somebody work from an airport long ago. It’s really not a huge deal.
If you use vdi that runs on a corporate thin client security is basically a non-issue. Data never leaves the data center and so long as you harden the thin client it should be difficult to breach it.
It’s also about physical security, protecting access to your work laptop and protecting IP. That VPN is completely useless if someone can get into your home and access your device. It’s way easier to get into someone’s home than into a properly secured office.
Having implemented this sort of stuff for the mind if companies you probably think of when you’re thinking of enterprise… You’re making a mountain out of a molehill.
The use of a VPN to secure data in transit and the use of strong encryption on the device, endpoint protection and management features, along with good password security make it easy for any organisation not dealing with literal SECRET or TOP SECRET information to enable remote with.
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I’m okay with people returning to office. But forcing it down people’s throats when remote working has been working for the past few years is NOT okay. Fuck these out of touch companies and executives. I would rather quit than bend to their bullshit.
Forced return to office lost around 30% of our staff. Now over-work and a lack of staff replacement, because nobody wants the in-office job, mean that we are losing even more staff to stress and illness leave.
And suddenly all these contracted products and platforms, that are already being paid for (because nobody checks if staff resources are available in advance) are failing or stalling because there is no available staff or time to deploy them.
Not to mention how much time and efficiency is being lost by forcing the rest of us to operate in an office.
Sounds like time to smile, wave, jump ship!
I’m looking, but Senior Sysadmin roles are not plentiful.
Fair play :-) Hope it works out!
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lol out of touch executives and dumb ideas. name a better combo
Oh hey and look at that. It’s about to be winter which means we get to play “which office bug is going around this week?”
Or right now actually. Huge COVID surge in Japan at the moment while everyone is forced back to the office
I was hospitalised the last time I had COVID I don’t want to have that again, but far more importantly I don’t want to go into the office. But I’ll be using COVID as the excuse.
A new survey shows that the vast majority of senior executives say would’ve approached their return-to-work push “differently.”
“Differently” could mean a lot of things, but it’s not quite an admission of wrongdoing. The report, and by extension the execs, seem more annoyed by the lack of solid data on hybrid workplaces than they are concerned about employee satisfaction or the backlash they incurred.
Then why did you write the article Frank?
Methinks Frank is more interested in covering his own ass than extracting the obvious conclusion from the data and statements available 🤦
His boss told him to write a positive piece about being forced back into the office by the Worker Retrieval Gangs.
He said it was weird how much they called him “Boy.”
DANGER, WILL ROBINSON! DANGER!
This is bad practice, says the joint report, because for hybrid workplaces, the mix of employees coming and going at different times a week makes it “impossible” for a manager to know how many employees are on site on a given day.
They’re taking the wrong lesson from this, and are going to try to force us back to 5 days a week in the office.
It’s almost as if they just listened to their employees rather than 3 year old data…
Execs have never listened to their employees, why would they start now.
You can tell they’re really don’t listen when they start putting up suggestion boxes.
Our company did that and when all of the suggestions were pay rise and work from home, they decided they weren’t working and took them away.
Wen they try to force me back, and they will, I will quit.
They have just recently forced my boss to return to office 3/5 days a week. They’re coming for the workers next after admin.
Good luck filling my spot on short notice assholes
I live 800 miles away, good luck.
