February 4, 2023

Market and Financial News

Market and Financial News Aggregator

The Office Monsters Are Trying to Claw Their Way Back to 2019

2 min read

“I’m trying to fill up office buildings, and I’m telling JPMorgan, Goldman Sachs, I’m telling all of them, ‘Listen, I need your people back into office so we can build the ecosystem,’” Mayor Eric Adams of New York City said this week. The city, which is heavily reliant on tax revenue from massive Midtown offices, recently announced a strict policy of in-person work for city employees.

“How does that look that city employees are home while I’m telling everyone else it’s time to get back to work?” Mr. Adams added. “City employees should be leading the charge of saying, ‘New York can be back.’”

Beyond the bottom line, the back-to-office debate is about what kind of culture will prevail as the business world emerges from the pandemic. And for all of the power wielded by Mr. Musk, Mr. Dimon and Mr. Adams, they may be fighting a shift that is larger than any single company or city.

If the pandemic’s two-plus years of remote work experimentation have taught us anything, it’s that many people can be productive outside the office, and quite a few are happier doing so. That’s especially true for people with young children or long commutes, minority workers who have a tougher time fitting in with the standard office culture, or those with other personal circumstances that made working in offices less attractive.

“We still are struggling to let go of the ideal worker stereotype — even though that person, for a lot of people and occupations and demographic groups in the U.S., never really existed,” said Colleen Ammerman, the director of the Gender Initiative at Harvard Business School. “I think with remote work, and hybrid, we have the potential to truly move away from that and really rethink about what it means to be on a leadership track, what it means to be a high performer, and get away from that being associated with being in the office at all hours.”

Even as the pandemic has…

Vivian Giang

2022-06-04 08:00:04

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator

Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.