Honest views on the RTO push?
Would love to hear from all levels — analyst to MD on what your takes on are in regards to the RTO push. I see a lot of debates about it on the news and as well as in the office. It seems like there’s a huge disconnect form upper management on the way down.
Anything other than hybrid is just stupid and probably because some boomer hates his life and needs what social interaction he can get, at work
There is ZERO need for people to be in office on a Friday, at a minimum. But obviously new and junior hires need that in-person training and mentorship model, which can be achieved on 3 days a week RTO.
3 days in person / 2 days at home should be standard everywhere. Period. As long as the days are coordinated so folks are in during the same periods, it's a no brainer.
5 days all in office. Working in engineering sucks :(
What kind of engineering?
I think it's fine for a new person, or maybe even a person in a new function, to be in office throughout their probation period (but no more than 90 days). Then switch to a hybrid schedule once they are up to speed and familiar with the team.
However it just really depends on the role and team dynamics. I think in more situations than not hybrid is the way to go.
It doesn’t make much sense for a new hire to twiddle their thumbs in the office if their boss and seniors are working remotely (which is usually the case).
5 days a week is ridiculous, but full remote is incredibly isolating.. 3 days in / 2 days out is a perfect mix. Personally like some flex on which days so you can schedule around appointments, personal life obligations etc
Agree with above though, new hires should be in 4 days/week to ramp up. Obviously not alone if everyone else is on the same Tu-Th schedule, but if people mix the days they should try to come in more often
Well some like fully remote, not me but I know quite a few folks who'd enjoy that setup or do enjoy it. I agree though for the comfortable majority 3 days in / 2 days out is the ideal blend
a nice hybrid split is the best I think, I was fully remote before my current job and it was extremely isolating (a lot of that was my own fault, but there were not many things setup at work to make it 'remote efficient')
Hybrid is the way. No one should have to come in on a Friday. Just make it 3/2 or 4/1 and make everyone come in on the same day. Best of both worlds.
5 days a week is legitimately absurd, there is no reason for it. The collective amount of time spent commuting is also staggering.
Im not sure about others but I’m not super busy right now so when I have downtime in the office it’s brutal. At home you could run an errand, clean your house/apt, etc. It’s unfortunate that banks don’t find that acceptable and would rather us sit around during downtime.
I say do 3 and 2 but make it optional. We are all adults, let those who want to WFH do so, and ditto for the rest who want to come in.
From my perspective, it's difficult to manage a distributed team but neither insurmountable nor detrimental to workflow. Its a pain in the ass sometimes, but we make it work.
Who gives a shit if they're on Netflix or gaming or whatever during downtime. My guys who WFH are just as productive as the ones who choose to be in. I do miss having them there for the social and team dynamic (we are a super tight knit group), but whatever.
Agree that 3/2 is optimal, but what about the guy that ends up coming in 5 days a week. He may be of the same quality if not a bit worse, however, if the seniors are coming in then he may end up being viewed as more dedicated or even a better performer. The cracks will be exploited and eventually we could end up in a 5-day again due to politics.
No RTO model is perfect. You can't mandate people max out at 3 days/week as people will have busy projects that require 4 or 5 days occasionally
If your seniors are in all 5 days, probably worth the extra effort to come in 4 days when possible. Not great, but my seniors will 100% just come to the guy 10 feet away in his cube with a question instead of typing out a ping or picking up the phone to ask someone else
That is exactly what will happen, and in my team, it is already happening. Those who show up get the juicy staffings, come to client events and have more time/attention from senior bankers.
For anyone with PnL, it doesn't matter because end of the day, no matter how often they come in, you have a $ next to your name. But if you're a junior banker, it's obviously not the same. If you go back to any of the WFH/RTO threads, a lot of the old heads said this would happen.
Out of sight, out of mind is a real thing. I'm all for letting people decide what's best for them, but this is really not a surprise in a relationship business.
Currently looking at new opportunities and having a very difficult time grappling with the best set up for me personally...
On one hand, I think a 3/2 or 2/3 hybrid is probably optimal for having more free time while still building comradery with coworkers and having opportunities to work on more intense projects in-person.
One the other hand, I'm REALLY drawn to full remote simply for the geographic flexibility. I have only ever lived in major metro areas near employment hubs, and the chance to work 100% remote and try living somewhere near a chill beach/mountain sounds really appealing to try... and if it sucks, I could just go back to a city or split time without having to change jobs again. Just worried working 100% remote could be pretty lonely too... but can't shake the feeling how nice it might be to live or spend long stretches of time somewhere that isn't within a short commute of a bunch of office towers.
I think people should post their age or title when then opine. They under 25 crowd should definitely be in the office 4 days a week. There is no quicker learning than through osmosis, also have you tried to ask for information when you boss or anyone above you is constantly on the call? Much easier to stand up and ask for clarification.
I started my first post-MBA job fully WFH (I graduated in the summer of 2020, amazing timing) and I learned as much in the first two weeks when we were back in the office as I had the previous 8 months of WFH. Just being able to stop by my boss' office and ask questions/shoot the shit was insanely helpful.
That is a great attitude to take!
My biggest issue with forced RTO is that the underlying rationale behind it is quite frankly horrendous. When COVID hit and everyone was forced to work remote, we all did so while working brutally long hours and because of the sacrifices we made, companies realized record level profitability. Sure, the broader economic outlook was bullish and depending on how deep you want to get into it, maybe it was the bull market that drove record profitability, but I feel comfortable speaking for most of us in finance when I say we worked brutal hours, non-stop, without complaining.
So, in theory, we should have proven that:
1. We are adults who will get our work done regardless of location
2. We can work without sitting next to one another. Look, I understand the inherent benefits of being in person, I do. But do you know how many times I had to zoom call someone to learn how to do something new? More times than I can count, and while it would have been optimal to sit next to them, I still learned what I needed to, and the work was done correctly. So dont give me some boomer shit about how analysts MUST sit no less than precisely .75 inches from their Associate so that their Associate can teach the Analyst how to do ALT J + D + A + A + T to upper align two PPT logos. I cant speak to PE, but in IB / Consulting / Corp Dev, the modeling never gets that nuanced, and if you arent running on <2 hours of sleep or completely brain dead you should be able to walk someone through how to efficiently build a model or deck virtually.
So now, enter May of '23. Companies are scared shitless that they're going to go under as everyone continues to brace for a recession. Because most of our companies are led by people who aren't that good at what they do or confident in their companies ability to execute, they panic. They freak out and reinstate RTO policies because they are scared little children who dont know what else to do. Most corporations are led by risk adverse MBA grads who have simply refused to job hop and therefore have continued to get promotion after promotion despite being mid.
Well, I have news for you. Do you work at a bank or a consulting firm? Guess what, being in office, at home, or on Mars, it doesnt matter? Why doesnt it matter? Your firm only swims not sinks if your MDs are closing deals, bringing in new business, GENERATING FEES. It doesnt matter if Timmy is building a DCF on his couch in between bong rips, that isnt going to determine if your investment bank / consulting firm stays afloat in the next year. What will determine your company's ability to survive is 1. having a true competitive advantage, 2. being able to generate new business in a harsh environment, and 3. creativeness from leadership as they prioritize new growth strategies as well as approaches to stopping the bleeding in the areas where your company will objectively underperform.
TLDR: RTO is comically stupid because all junior employees were worked to death when they were remote and companies realized peak profitability and now that poor leaders are scared theyre suddenly worried people arent working hard enough so they want to bring you into the office so they can track us like the sheep we are.
While much of that is true, you're missing the flip side of the coin which is that virtually every bank has some of the weakest analyst/associate/VP pools they've ever had. Multiple years of remote work with minimal time for personal development has left serious talent development issues. At most banks, the analysts/associates/VPs hired in 2020-2022 are amongst the weakest in the organization's history. Some of that is attributable to there being more seats which dilutes talent, some of it is generational, but some of it is definitely related to lack of over-the-shoulder mentorship.
I think you bring up a completely valid point, and I should have caveated my entire post by stating that individuals with 2-4+ YOE should have autonomy to select where they work from. If you are completely new to an org, you should have different in-office expectations vs. say a 3rd Yr Associate that knows the ins and outs of the M&A process.
I also think that it is important to differentiate between the days when your whole team is going to huddle up and brainstorm bid strategy vs. say a day when you're cranking on the first pass of a model all day long. In the former scenario, ofc it makes sense to be in office with your team, and in the latter it would be illogical to require one to be in office.
Just my $0.02 but again I completely agree with your POV
I am 100% remote and I honestly cannot imagine going back to the office, even on a 3/2 hybrid schedule. I think I could potentially do a maximum of 2 days a week in the office, and only then if I had the flexibility to leave when I wanted to. The idea of going back to an office is just so silly to me now... sitting in a terrible cubicle or office for an arbitrary amount of time, regardless of whether I have the work to fill that time or not. Not to mention the rushed mornings, shared bathrooms, uncomfortable office clothes, noisy coworkers... I'll pass.
Life is just too short for that lifestyle. I'm mid 30's so my perspective may be a little different than those earlier on in their careers, but I don't think you could pay me enough to go back to full RTO at this point.
Should never be 5 days. I like coming in almost everyday but absolutely should give people the chance to stay home at least 1 day.
The hybrid model creates dilemmas for office space planning:
If everyone's in for three days a week, do you give them dedicated space like you would if they were in every day? What about if they're in for two days a week?
If people are only in part of the time, companies will be tempted to save on rent by going to smaller footprints with "hoteling". But the point of coming in is to see other people, so you'd think that everyone should be there at the same time. Meaning that you still need the same office layout that you needed before.
I could see a barbell effect where some companies go to 4/1, with traditional office setups and WFH on Fridays, and other companies go to 1/4, essentially WFH but one day with all of the weekly meetings in person in a more compact office space or co-working space.
I worked at a large tech company and the way WFH worked was that some people had a dedicated cube or office and their cost rate was higher. Other people who did not have a dedicated workspace could come in for a flexible work station and their cost rate was probably 10-15% lower. Many managers would have a dedicated office, but would only come in a few days per week.
Divide the workforce in half via whatever metric you pick and have half come in M/T, half come in W/Th, and fridays are open for whoever. Then you can have a small office space and save that money for actually doing out-of work events where people bond.
My group is still fully remote work setting (while we are encourage to go to the office on Wednesday for socialization purposes) and there are some serious consideration of actually making this permanent. There are obvious benefits on reducing cost on office leases and supplies for the firm but the employee also saved up a ton of time and money solely because we are not commuting daily.
The firm had a survey regarding remote work and almost unanimously the people agreed that hybrid work setting works best for our type of work mainly because we have a lot of different types of people working with various types of clients, having the flexibility and individual responsibility to work anywhere and anytime we want definitely helps with overall moral and productivity. Most of us only go to the office if there's a group wide/firm wide events, and there's even a person i know who bought a house 100 miles from our office because the remote work has allowed him to only go to office/clients when it's needed.
The reasoning of RTO by management (as conveyed by other posters here) is frankly idiotic and ironic given we have shown for 2-3 years that remote/hybrid works and maybe even better than full WFO setting. Will management/leaders face the reality and adapt or they will force us to keep doing what is essentially archaic working model "just because" ? We will see in this year who's more willing to accept the generational difference.
Appreciate if anyone would weigh in on the % breakdown of different reasons RTO is bad for them.
For example:
30% Commute time
30% Cubicle not as good as own space
20% Convenience of running errands, food at home etc
20% Coworkers are annoying
Would like to get an idea of exactly what the problems are. I’m in touch with a lot of senior management (portfolio companies plus our own) and they seem to not really grasp the problems with making people come in.
Great call out, and I am happy to start in response. For me, the driver is 75% commute time and 25% daily efficiency. Saving nearly ~ 1.5-2 hours in commuting every day is invaluable when working 10-14 hours a day. Next, when you have free time during the day, it is nice to optimize it via running errands, doing laundry, cooking lunch etc. I place a great deal of emphasis on having some level of autonomy over where and how I operate, but unfortunately there is a disconnect between my POV and corporate policy.... but life goes on
Commute time is 30 min each way on subway
Cubicle setup is better than my home setup, and my internet never goes down because the of throttling in residential areas
I bring my lunch and snacks
I like my coworkers/talking to people face to face
You need new internet if you're losing service due to "throttling"
Same as Deal Team Six above,
75% Commute and 25% the flexibility of running errands and/or having to do chores while on downtime (between comments/meetings). I could listen to a meeting almost as effectively as sitting down in front of my tab/laptop as when i'm washing clothes or cleaning up the house.
And that's only the qualitative pros of WFH. You could argue that WFH increases one's disposable income by 10-25% per month just because we don't need to spend as much money on gas/public transport, random uber eats with coworkers, coffee, etc etc (you get the point).
Not only that, remote working has made it possible to increase our standards of living by living in LCOL cities and afford buying an actual house instead of renting. Not an economist or RE expert in anyway but i could see some benefits spreading out the productive population in smaller cities instead of packing them up on a single region.
here is the disconnect.
Senior leadership is full of people who eat sleep and breath their work. Drink the company kool-aid, or are the ones producing it. Often are lifers, or other high achievers, and use their job as the core way they identify themselves.
90% of the rest of the workforce at a company is there for the paycheck. Have no goals to reach leadership, and dont really want to think about work outside working hours as much as possible.
The difference is for whatever reason that first group of people doesnt understand that not everyone is like them, while the second group does. To the first group coming into the office to collaborate, work with colleagues, etc. sounds great. To the other group, it adds little value to their life. Also, lets be real - a big part of the RTO push from senior leaders is because their identity is tied to their title, and only in an office setting do they get that feeling of superiority among their peers. Being an executive VP at home just isnt the same. Would be like banning a professional bodybuilder from the gym and saying you can only work out in your garage. Part of their motivation is walking around being the BSD of the office
Agree except this isn't a corporate. We're at banks or sponsors. Our lowest paid IPs make over 300...
In general the big components are:
- A portion, call it 25% of people, simply get more done. Less distractions, don't care about water cooler talk, or simply have roles that lend themselves to 'do x task, by y date, with these abc inputs'. They prioritize, knock out their work, and go about their day.
- I'm lumping together convenience and commute time, and calling that 50%. The ability to do what you need to do, get online early and then online later in the day is valuable to a lot of folks. Cost comes down for commutes, they can take care of their kids and/or pets - whatever.
- My percentages won't add up at this point, but I'd call it 15-20% of the issues are related to technology and overall workspace. That could be the inability to get technology to work, organizations inability to resource (or unwillingness) the tech support needed, or worse lag times or performance issues because of all the security software or protocols introduced by remote work.
- The last 10-100% depending on the day, is simply a feeling of having earned the flexibility from being productive without having to be physically in the office. There's a lot of good conversations on this thread about why you should value being in the office, the drawbacks, high performers vs. here for the paycheck - but many conversations I've had come back to that core idea. Why am I coming back into an office, where I've been productive without it. To leaders that you talk to - the messaging needs to connect with that core idea. Show the value of being in the office, how you are thinking about measuring it, and the openness to be flexible where it makes sense. I empathize as it becomes largely all or nothing - it's absolutely soul crushing, and inept, to have people come into an office (unless they choose to) where no one is, and they sit on zoom calls after an hour long commute.
As a side-note, I do think it's challenging to manage a hybrid team. Fortunately mine was effectively remote pre-covid - 50% in one office, 50% spread across a few others and time zones. Most all tenured going into COVID, and minimal turnover. Compared to other teams we have less continuity issues or the common challenges remote introduces - onboarding, institutional knowledge, relationship building, etc. etc. etc. Admittedly management in a remote environment takes a lot of work - you don't see people organically and remember 'hey, I asked for XYZ' - you need systems and organization to avoid that. We've generally adopted a schedule, hybrid, and set up the days that people are in the office. It's not a 'mandate' but in general people are been fine with 3 days a week in the office.
Another vote for 3x2. Teambuilding, workplace culture, and training / collaboration are significantly improved by being in the office. Team members who start remotely tend to be less productive and less engaged, and I think over time you’ll see separation in upward mobility.
That said, there’s no reason to be in Thursday/Friday or after 6 or 7 in the evening. We’re all adults here - get your work done and enjoy the flexibility
Ah the complete disconnect between the jr and the sr employees on what the job actually entails.
I think for one we should make RTO 100% optional. If you want a career with a future and growth potential you come back to the office. If you want a career as an excel monkey you can stay at home. For fucks sake are you guys really this dim? The job of an investment banker is SALES, the job of a PE firm is SALES, the job of a HF is SALES, at the end of the day, all service sector jobs essentially come down to sales. If you have zero development in your social skills, conduct every meeting behind a webcam on zoom, and don't know how to "press the flesh" your career will be very short while you get swept off into some corporate dev analyst role and never have any actual impact on the world. The world is far more complex than simply "the bottom line", because if you don't train the next generation, it doesn't matter if that bottom line pops for a few years when the entire company implodes because there are not any competent lieutenants to take over.
Completely agree. I think 21-28 year olds don't realize how junior they sound (I'm not even talking industry knowledge) and talk even to people in their mid 30s.
Would be interested to hear someone who is very pro-WFH's response to this
Response to what exactly? Did you read what I wrote?
Just a counter data point to your argument, I'm currently a senior manager on HQ team of an F50 and on track to be director before 30. Everyone on our team (myself included) has been WFH for years and hasn't seemed to hamper career or salary or management progression. Agree it's likely different for sales driven roles specifically, but you are way off when it comes to industry management.
We get together on sometimes for dinner / going out for fun, but working in office seems completely unnecessary at this point.
Hey man I'm pro WFH and actually agree with you. The thing that annoys me with the younger generation, for which I am a member of, is the idea that 'you can have it all'. An elite career and time to make it to timmy's soccer practice every week. Ability to do 'what you love' and also make a lot of money and have a high impact on the world.
With WFH it is IMO 100% fair if your career is stunted. It should be the expectation. It's actually absurd how many employees are entitled to think they deserve the same opportunities as someone who goes into the office 4-5x a week, gets key face time with senior management, etc. Not to say you should be cast aside completely, but all things being equal it is definitely relevant.
Now that being said, it becomes a personal decision on how you want to approach those trade offs. Being full time WFH has allowed me to live in a lower COL area, afford a house I normally couldnt otherwise, have more flexibility since no commute, frankly - be able to save as much as not more money as many of my peers with better titles, and give me more freedom to pursue other things in life (family, interests, etc.). It's been a no brainer on my end and a major quality of life improvement. That said, I also feel I give up my right to complain about getting passed over for that VP promotion but frankly it doesnt bother me in the least.
As for the company not having enough well trained letuineants to take over. Couldnt care less.
I read some study that workers tend to be about 95% as productive from home versus in office, so about a 5% drop, but then that same study showed that productivity didnt include loss of of time in commuting, getting dressed, and increase in overall happiness. After factoring in those later points, workers on an overall were 27% more productive than being in the office with over half the respondents saying they completed a typical 8 hours worth of work in 3-4 hours in the early morning time.
Some people work best remotely while others work best in the office. For me, remotely checks all the quality of life boxes I want out of a career (e.g., no commute, flexible schedule, etc.), but I have to admit, it can be easy to get sucked into complacency / being comfortable when you're not physically in an office setting. That being said from the corporate side I think it's a little silly that this is the hill to die on for a lot of companies. As long as everyone is performing and completing their work, physical location for most corporate jobs isn't a needle mover either way in terms of pushing company performance outside of savings from leases and the like.
On another note, back when I was in IB at a small regional boutique, I once asked if I could WFH since no one was in the office. I was told no so I could be in the office in case my MD needed me to quickly access his paper files. If that situation had taken place today as a reason for RTO I'd be livid.
You do realize that the company has more things to worry about than just the day to day tasks?
What benefit does this guy get for going in office, when literally no one else is in office? The only thing I’m missing out on is a nice printer/scanner
Hahaha been a hybrid since before Covid and fully remote afterward, current firm has always been fully remote because the founder hates being tied to one place and believes everything can be done over email and zoom. Couldn't be happier, today I was working from a tiki bar by the beach. RTO is some serious bullshit and everyone having to put up with it has my sympathy.
What kind of PE fund you work at?
Sort of a hybrid family office but manage some external LP money as well, $1b+ fund, global mandate - wouldn't trade it for anything short of an activist/fundamental L/S HF role with my sector focus. Comp could be better but I'll take the trade off that lets me live in a lower CoL area and have the freedom to travel/do what I want with my spare time. Deal sourcing bonus + co-invest makes up for the low upfront comp and generally speaking I prefer an eat what you kill environment because it means outsized rewards when I do land something big.
I cannot understand why you babies cry 24/7.
You’re really upset you have to come in to work 5 days a week? Like wtf is wrong with you people?
This is America. If you absolutely cannot handle a 5 day, in office job, why the heck don’t you work in an industry that promotes work from him like tech? Why do you join an industry that likes 5 days a week and the complain about the 5 days?
You’re the type of person that joins a pick up basketball game that’s playing full court and then starts complaining it’s not half court.
God I cannot stand this new wave of young people. All they do is bitch and complain, like they are indentured servants and have no other work options. Why the hell do you join companies and industries where you don’t like how they do things?
What is so hard at rolling into work at 9 or 10 and sitting near seniors? How is that intolerable? I wish there was karmic justice in this world and these cry babies would have to work some real shifts as a teacher or office or short order cook. They would come screaming back for a chance to do IB work. If my children grow up to be one of these woke dbags with no work ethic, I will be so depressed.
Found the boomer
34 year old who isn’t scared of working = boomer.
Funny thing is, I bet this commenter is some non-target who barely even got into the industry and now thinks he knows how to run a bank.
Ugh.
34 year old who uses phrases like “non-target.” Found the intern.
As someone with kids I can understand part of what you say, but why do you have to insult's someone's choice of college? I don't get the insult towards other colleges. I know many successful people who went to public colleges or "non-targets" to either be near their family or they simply did not have the funds. If anything I hope my kids don't grow up in a world where prestige and pedigree determine your worth.
Even tech is not wfh anymore. Tech is now a living hell. Stay away from tech, the perks are all gone and the industry is seriously declining.
Ok that may be true, but please stay in topic regarding my post.
Its that this forum is infested with whiny young people who cry about things rather than simply finding another industry or job that suits their demands.
Why would a sales oriented role want me in the office as the lowest person on the totem pole?!?!? Old people suck! I’m valuable and not easily replaceable, hear me roar!
I agree and I'm Gen Z. I hate hybrid and remote work. I spent my senior year on the computer. Freshman yr as well. I realize life is better in person, and can't wait to work at the office 5-7 days a week.
You are speaking of something you have no idea about yet
As a college student, absolutely - in class is more effective, fun, etc. than behind a computer. I would have hated college if there was no face-to-face time with college professors, other students, walking around a beautiful campus, etc.
As a corporate drone, you will have maybe a 2-3 year or so phase in your early 20s after college where you are excited for work. You spent high school and college to get to this point, finally make real money, have a job that sounds cool to your peers, get to dress up for work, are a legitimate adult, work in a high rise in the business district, likely live in a high rise downtown in a big city, make a lot of young friends at work, etc. IMO these years absolutely would rather be in office some days. You get to make friends this way, explore the city a bit, and feel like a real professional for the first time in your life
This prety quickly passes and you grow to resent a lot of the above. But especially things you think are unnecessary or a waste of time, such as a commute. Odds are your life priorities will significantly change as well - and being a killer at work or getting drinks after a long day with your peers just isnt as relevant to what you want out of life as it used to be. For this, hybrid and remote is a god send
I am instantly suspicious of any adult who is anti-remote/hybrid work. In my experience they are either the owner or key executive of the company and want to squeeze every last drip of productivity out of their employees while at the same time be the big swinging dick waltzing around the offense, or they have absolutely abysmal life outside of work and live to play the office politics/give me a pat on the head game. Yes there are many roles that require being in-person. If you work in an office setting, assume your job is not one of those roles, despite being told otherwise
Based and highly unpopular opinion
Firms are talking advantage of the fact that job market is bad and there’s layoff everywhere. So even if you’re unhappy about RTO, what you gonna do ? Job hop ? To where ? No one is hiring. Employees have to suck it up, they’ve got no leverage.
When job market revives and firms have to again compete for talents, they’ll restart WFH perks. The question is, when’s that day coming ? We may be looking at 2028 or later. So unfortunately, the wfh days are over at least for the near future
What makes you think that we'll last in this macro situation until 2028? Anything in particular?
Agree with the sentiment that it should be hybrid. Having a Monday and Friday to work remotely really helps in flexibility as it relates to travel and being in the office tues-thurs is critical for professional development.Gun to head if asked one or the other, I'd err on the side of being in the office five days a week just given the benefits but I think there doesn't really need to be a situation like that and that firms can manage with a hybrid scenario
Can someone update me on what the status of the return to office push is? I thought all that crap ended around the time COVID died down
It looks like the number of workers in the office is the same as it was Q1 2022.
https://www.cnbc.com/2023/05/13/ceos-thought-the-return-to-office-debat…
The problem with hybrid for me is that I'm more productive if I work in the same place every day. I don't buy the digital-nomad-with-laptop thing. I'm not as productive when I don't have multiple big screens, a dedicated desk with all of the standard office supplies at my fingertips, shelves with binders for deals I'm working on, reference books, etc.
Any MD/VP/Exec who wants to force people to come back into the office 5 days a week has an unhappy marriage or home life, or is just a toxic asshole.
We are going to 3 in office and 2 at home. I do prefer to be in daily or work remote daily, I dislike hybrid. That said, we should meet talent where it is.
RTO is good. As an incoming intern, I am sick of hybrid or remote internships. I spent my last months of HS on Zoom. My first year of college on Zoom. Now that COVID is over, we can go back to how things were. I love being at the office and interacting with people. I concentrate better and feel like I actually make an effort (eg. My appearance, my work quality, relationships/office politics etc.) I feel many of us Gen Z can attest to that.
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