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80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’
cnbc ^ | 11 August 2023 | Morgan Smith

Posted on 08/15/2023 10:58:01 AM PDT by ShadowAce

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To: ShadowAce

The corporations decided to go in lockstep with petty government tyrants and now they are sad when employees tell them to pack sand. 75% of the corporate suite could be fired tomorrow and no one, especially the stockholders, would miss them.


41 posted on 08/15/2023 11:41:52 AM PDT by wildcard_redneck (The Forever War is a crime against humanity)
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To: ClearCase_guy

Zactly.

If KPI’s and MBO’s were measuring tools in the past then they can be measuring tools going forward.

I have a friend who is a VP of sales and was informed she and her team to need to be in office 3 days a week.

Well, many tried to come to office but, found no one else was their and the commute wasn’t worth the effort so, back to working in pajamas and they still over achieve....

Company I just left made it mandatory to come to office everyday. Why? Who knows. It’s not like we ever had a meeting to discuss anything and besides, I’m in outside sales.

WTH would you want your people in the office everyday to do nothing, particularly your highest performers?

That was their answer to dwindling sales and loss of existing revenue.

Lame....

I left...


42 posted on 08/15/2023 11:45:36 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: ShadowAce

If they really were worried about carbon footprint, working from home is a really easy solution.
I drive about 5k/year now and most of that is vacations.
In reality, this is all about Commercial Real Estate.

SF is getting pummeled with vacancy and vacancy penalties.
Commercial real estate is dropping in SF.


43 posted on 08/15/2023 11:45:46 AM PDT by Zathras
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To: ShadowAce

I am retired, but I still have contacts back at my job.

They told everybody they had to come to work 3 days a week, but they don’t have enough desks. Now the managers are fighting over desks for their employees. Some people come at 7 AM and grab a desk while one is still available.


44 posted on 08/15/2023 11:47:34 AM PDT by proxy_user
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To: Alberta's Child

Some of us are applauding it because we warned about these inevitable consequences way back in March 2020 when this COVID idiocy started.

Now these morons are reaping what they’ve sown. Too bad.

***************

Good point.


45 posted on 08/15/2023 11:47:37 AM PDT by unclebankster ( Globalism is the last refuge of scoundrel)
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To: ShadowAce

They regret it because employees revolted, the best ones quit, and the managers wound up looking stupid


46 posted on 08/15/2023 11:49:36 AM PDT by PGR88
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To: OHPatriot

Every last one of them is a duplicitous jerk but, nice try(punks).

Ain’t no one coming back.

Take Great American Parkway in Santa Clara.

About 3 miles long, East to West.

Take a left turn or a right turn anywhere on Great America and travel North or South. 60% of building are empty husks and the rest are partially occupied.


47 posted on 08/15/2023 11:50:18 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: ShadowAce

Intel pretty much stabbed many of their loyal employees.
Many of their best left for better treatment and pay.
Now the only employees they can find are those who are stuck or suck.


48 posted on 08/15/2023 11:51:15 AM PDT by Zathras
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To: ShadowAce

If you’re job can be done from home, it can ultimately be done by A.I.

These people have leverage, until they don’t.


49 posted on 08/15/2023 11:51:22 AM PDT by KobraKai
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To: bigbob

Zactly what happened at the company I just left.

They had people coming to office who where in outside sales before covid.

They then dumped sales nationally and only had Customer Account Managers.

When I hired back, after a year and a half, I informed them in the interview I could not do that.

Not 3 weeks after starting job, they made it mandatory or fired.

Dasvidaniya...


50 posted on 08/15/2023 11:53:32 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: Round Earther

“The physical office is a relic of the past and only to be used by outdated industries.”

We started seeing that reality before we could spell covid.

One of my wife’s long time friends and a relative gave their notices to their bosses re retiring due to the increase in traffic, wear and tear on their vehicles and them and costs to go to work 5 days a week.

Their former company’s ended up installing offices in their homes and giving them raises to come back to work from their home offices. They worked from their homes during and post Covid B$!

Post Covid, we have 3 younger relatives cutting deals re working fewer days but more hours per day. Basically they work 3~ 12 hour days and get a weeks pay.

One BIL by marriage took retirement during the covid B$ because his company kept adding unpaid hours and work.

Now, he works 3 half days/week, sharing an office in his hometown, with his wife. He still gets his retirement and benefits, and he charges his company a flat fee for 3 hour work days. His company provides all computer/phones and other electronic business tools/services. Also, he has zero travel and no living in airports.

His wife jokes that they/he can do this for decades.


51 posted on 08/15/2023 11:53:45 AM PDT by Grampa Dave (Send Asylum Seekers to empty college dorms/class rooms in NY/NJ/Mass/West Point & NE blue citiesl)
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To: Boogieman; 1Old Pro

Not coming to an office is a perk that doesn’t cost money to offer so, Catch-22 on the one hand.

On the other is you are judge off KPI’s or MBO’s and regulary exceed them, why would you care where your employee is?

In 2008 the average speed for Internet at home was 3 meg.

In 2020 everyone has a better than 80, 500 meg or 1 Gig connection.

You can send and receive some pretty large files on those connections and still have priority and bandwidth for multimedia...


52 posted on 08/15/2023 11:56:26 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: Alberta's Child

As I stated on another post, many of my customers are paying for logo to be on the outside of the building but, in 2025...The end.

They are just going to continue to work from home and they don’t care if their employees are on a cruise ship, so long as their complete their tasks.

Bankruptcies will skyrocket in the beginning of 2025 and continue for years as the courts will be backlogged and more companies figure they can work from home and newer companies just never have an office.


53 posted on 08/15/2023 11:59:11 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: MalPearce

Bosses who insist on presenteeism for the sake of it are nutters.

Zactly


54 posted on 08/15/2023 12:00:13 PM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: Dilbert San Diego; MalPearce

In many case a difference without distinction...


55 posted on 08/15/2023 12:00:48 PM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: proxy_user
Some people come at 7 AM and grab a desk while one is still available.

7AM? I've already been at work for two hours by then.

I WFH and I start everyday at 5:00AM.

56 posted on 08/15/2023 12:01:00 PM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack )
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To: KobraKai
If you’re job can be done from home, it can ultimately be done by A.I.

Nope--that's too broad a brush to paint with.

I've been trying to figure out if my job could be done by AI.

So far, I haven't been able to visualize it--even if I were to go all Sci-Fi.

57 posted on 08/15/2023 12:02:58 PM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack )
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To: unclebankster

A tight labor market will do that.

~~~

Yep. All the weinies who can’t focus for more than 15 minutes at a time and need their bunny slippers and chai latte are going to blame the whole big, mean, horrible world for not giving them a paycheck when jobs dry up and employers actually get to pick and chose the best producers from the lot.


58 posted on 08/15/2023 12:04:56 PM PDT by z3n (Kakistocracy)
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To: ShadowAce
Agreed. I've been hearing since I became a hobby programmer in my teens in the 1980's that soon most software will be written by other software. (Not counting things like compilers.) Calling it "AI" makes it sound like a new fear but it's the same old fear with no there there.

Of course, that doesn't prevent people from always believing it. Just like there are people who for decades have believed Algore every time he's warned us that we have only 5 or 10 years left.

59 posted on 08/15/2023 12:08:17 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: ShadowAce

As long as they force everyone to keep the video on during Zoom calls so race tabulations can be verified, everything should be OK.


60 posted on 08/15/2023 12:15:28 PM PDT by BuchananBrigadeTrumpFan (If in doubt, it's probably sarcasm)
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