Hybrid Work / WFH - Here to Stay?
Genuinely, curious what are people seeing across their networks on firms doing hybrid / WFH?
I would say 80% of people / firms I know are some form of WFH/hybrid. I believe this is a societal paradigm shift (sorry commercial real estate guys). Only firms requiring 5 days a work are my contacts at real estate firms and a handful of banks. My experience, is on Hybrid lets say your in "3 days" its still pretty flexible ie you only come in 2 no one really cares / notices.
Curious, because I still have investment discussions and people still argue it will mean revert back. I believe that boat has sailed already. In fact, $ELY latest investor presentation has an entire slide on WFH/hybrid and highlighting it gives people more time for leisue activities
My bank is currently very very open to WFH my boss just says " get your work done other than that I do not care ", Regions is Hybrid or WFH depending on seniority or trust built. TD bank is also very open to WFH. This is from someone down south.
Also I had to explain to my boss how much more efficient I was at home and once he saw that he was fully on board. Basically I get up at 6:45 and after getting ready and driving would be in the office by 8:30. I explained to him how if I was able to WFH I would just get a cup of coffee and be online by 7 giving me an extra hour and half of work. For lunch I explained similar reasoning as I could eat at home or a place right by where I live in 30 or less but in the office I needed the full hour to travel to lunch and back. Other stuff like that just calmly explaining why helped. FYI we had this discussion because most new hires were not willing to interview unless we said we were open to WFH once we said we were we got so much more talent.
Do you really logon at 7 those days though? I just log on at 8:30 and pocket the extra hour or so for myself. Don’t really understand why you’d volunteer to work more - shouldn’t simply proving you can work the same amount as in office be enough?
Can't see everyone going back to 5 days anytime soon, agree that ship has sailed. There are advantages to hybrid over remote, but diminishing returns past ~3 days a week in office.
The only people I see saying 5 days a week will come back are boomers who think their people aren't doing any work at all when WFH.
I agree it's only the boomers holding on to the 5 day work week. I wonder how long they hold this line. I feel like most normal people are coming to the hybrid conclusion, but not sure it's a widely held view as market standard for the future
MM PE shop. Back in office 5 days a week. My contacts (~5 firms, mostly somewhat smaller shops) in PE are heavily weighted towards fully back in office. Only flexibility increase is more people head home for dinner and wrap up nightime work at home instead of pre-COVID when most folks were in office until all work was done. Wish it wasn't the case, but seems the buyside is less receptive to WFH. Curious to hear other opinions as well.
Definitely can say that’s the case for most MM shops. SA’d in a group in 2021 (June 2021!!!) and the office was 100% 5 days a week. Partners were extremely hostile to WFH and were complete aholes about return to work cause they had just spent $$$ on new space in midtown.
REPE world here at large national shop. We're back (unofficially) 5 days a week. People schedules are more flexible - ie. can leave early go home/gym log back on for some work if needed, or take the occasional friday to WFH. No formal policy yet but the culture is generally competitive hardos who all want to be seen at the office by execs. Juniors and C-suites most likely to be in 4-5 days /week. Mid levels (30's something) employees are the ones most likely to not show up as frequently and do a 3-4 day/week type deal.
Private equity investor in the lower mid-market in the UK. We have been in the office 5 days p/w since 1st March. Senior management want the juniors to learn in the office environment (which I hear) albeit my preference is flexibility. I question if the teams are trusted? I am personally more productive at providing deliverables and intiating a deal pipeline when WFH. Would be good to hear other experiences on this...
Goldman is back 5 days/week, and other big banks (esp. traditional ones like JPM/MS) are likely going to follow.
Hilarious that a EDM DJ led company is trying to push 5 days a week
I hope WFH stays. I currently got two computers, where I play league of legends during downtime and then am able to move my other computers mouse every 15 min to stay online. I still get all my work done and on track for top bucket.
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