Back to office timeline by firm

Wondering how other firms are dealing with WFH going forward into the Fall and 2021. Blackstone has opened its office, but its not requiring employees to come back until at least Labor Day i.e. they want employees to plan to start coming back then, but it may get pushed back depending on how things shape up with the virus over the next ~6 weeks. Any other data points?

 

On our end - end of the year at best - probably into 2021. Most likely won't be firm wide until mid 2021. Guess is that regional, non major cities, go back first - then the rest thereafter. Some talk around whether it will be perpetually a 50% or similar rule - so as to mitigate risk on teams as well. Who knows. My guess is we are on the extreme, conservative side of going back but it's what it is at this point.

 

Frankfurt is back in the office every other week. I'm (NYC) hearing September at the earliest, although I'd go back yesterday if possible.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 
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I don't think offices are back to full staff on site until 2021. Our own corporate policies are site-specific so far, but the one thing for all sites is that State regulation is the key driver. For argument sake - if NYC gets locked down in September and it lasts through March of next year and resets the NY Roadmap policy back to Phase 1 on reopening, that means that our return to site policy gets pushed back to probobly next June/July. Our policy is based on where in the reopening process NYC is. We didn't look at reopening the work site until NYC was in well into Phase 3, and that was just for folks in Manhattan and limited to about 200 people per day. The next step is 30%, then 50%, then full staffing, based on guidelines, etc. At 30% and 50%, there's a rotational component that needs to be addressed so there aren't people overlapping and being within 6 feet of each other, etc. We also have a lot of flexibility becuase my company wants to avoid people commuting until there is a much better handle on things where at all possible.

 

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