, arguing that it’s no substitute for the spontaneous idea generation that results from bumping into colleagues at the coffee machine. But in his annual letter to shareholders last month, the head of America’s biggest bank allowed that working from home “will become more permanent in American business,” and estimated that about 40 per cent of his 270,000-person workforce would work under a hybrid model, which includes days in the office and at home.
A person is reflected in a window of a JPMorgan Chase & Co. bank branch across the street from the company’s headquarters in New York.“We are seeing policies slip in real time,” said Melissa Swift, the U.S. transformation leader at workforce consultant Mercer. “There was previously all this talk about how, for white-collar jobs, collaborating in the office was important. That’s slipping. Now, only the people who need to turn a screwdriver need to be in the office.
For some companies, there’s no longer any debate. Airbnb Inc. had previously pegged September 2022 as its return to the office, but Chief Executive Officer Brian Chesky dumped that plan last month, instead telling his 6,000 employees that they could
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financialpost as they should - they’re taking what they can. regular employees’ salaries have been stagnant for decades while executives’ pay has risen enormously.
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