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Are we having fun yet? Big tech companies want their employees to come back to the office. Instead of punishing the cubicle shy, they are attempting to lure workers with bands, beer, and barbecue—and, for good measure, free pizza, gyros, coffee, T-shirts, and terrarium-making classes. Some researchers doubt that tunes and noshes will be all that convincing: in one ongoing survey of thousands of workers, most respondents want to come to an office only two or three times a week, while a third say that they never want to return at all. [NYT] |
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They doth protest too much. Employers are trying to reinstate in-office work by touting its supposed advantages, such as collaboration, mentoring, and company culture. But studies show that open offices are associated with less collaboration, the benefits of mentoring are unequally shared, and company culture may be code for a homogenous workforce. Companies should tout less and provide more proof that commutes and other in-person work inconveniences pay off. [Bloomberg] |
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Fit for purpose. The largest banks and insurers have invested millions, and sometimes billions, of dollars in their headquarters—only to be faced with the question of whether anyone needs to come into the office at all. Digitization, the benefits of a diverse workforce, and fintech disrupters are changing what spaces are needed and how and when they are used. The answer for the financial services industry isn’t to bring workers back to the old office but to reorient headquarters around learning, inclusion, and entrepreneurial action.
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Ten ways to win. McKinsey interviewed 30 internal and 16 external financial-services experts—the latter, leaders with roots in traditional banks and insurance organizations, some of whom now work for fintech companies. Their insights were distilled into a list of ten bold moves that banks and insurers can take to rethink their flagship offices. Hybrid solutions, such as wiring offices with cutting-edge tech, should support core missions, such as integrating a diverse cast of remote collaborators. Read the research to learn how to create environments that elevate what really matters to the industry now.
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| — Edited by Katy McLaughlin |
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