{"id":657531,"date":"2024-12-22T00:00:00","date_gmt":"2024-12-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/22\/c-suite-perks-highlight-the-remote-work-divide\/"},"modified":"2024-12-22T00:00:00","modified_gmt":"2024-12-22T00:00:00","slug":"c-suite-perks-highlight-the-remote-work-divide","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/22\/c-suite-perks-highlight-the-remote-work-divide\/","title":{"rendered":"C-suite perks highlight the remote work divide"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Who gets to skip the commute these days?<\/strong> Remote work may have once been hailed as the great equalizer, but these days, it\u2019s looking more like a luxury perk for the rich and powerful. CEOs and executives continue to impose return-to-office mandates on their employees while enjoying the flexibility to work from their own sprawling estates or vacation homes, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/12\/20\/opinion\/remote-work-rto.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leaders love flexibility (but not for you):<\/strong> Salesforce CEO Marc Benioff, for example, who has said, \u201cI don\u2019t work well in an office,\u201d oversees a policy requiring employees to be in the office three days a week \u2014 often while managing the company from his estates in Hawaii or California. Starbucks is also asking corporate staff to return to the office three days a week starting in January, while newly appointed CEO Brian Niccol will commute from his Newport Beach residence with the help of a jet, personal assistant, and a private office. The company says he\u2019ll follow the same rules.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Evidence shows remote work favors high earners:<\/strong> Research by Stanford economist Nick Bloom shows that post-pandemic, remote workdays have shrunk for middle-income earners while remaining largely intact for top earners. Only 5% of workers earning under USD 50k live more than 50 miles from their office, compared to 14% of those earning USD 250k or more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Interestingly, these return-to-office mandates often lack a data-driven foundation.<\/strong> Companies like Amazon \u2014 which prides itself on being metrics-focused \u2014 have struggled to provide evidence for in-person attendance mandates, instead using vague justifications bracketed by phrases like \u201cwe believe\u201d or \u201cwe feel.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This could be because the data are decidedly mixed. <\/strong>Studies of the effect of remote and hybrid work on productivity have found remote work to be associated with productivity losses of <a target=\"_blank\" href=\"https:\/\/bfi.uchicago.edu\/wp-content\/uploads\/2021\/05\/BFI_WP_2021-56.pdf\" style=\"\" rel=\"noopener\">8-19%<\/a>, while others have found it to be associated with productivity gains of <a target=\"_blank\" href=\"https:\/\/www.nber.org\/papers\/w18871\" style=\"\" rel=\"noopener\">13%<\/a> or even <a target=\"_blank\" href=\"https:\/\/www.anthonydiercks.com\/presentation_WFH_2023_Stanford.pdf\" style=\"\" rel=\"noopener\">17%<\/a> \u2014 not exactly a clear-cut picture of the relative merits of in-office flexibility. Yet even putting aside the relatively subjective metric of \"productivity,\" advocates of workplace flexibility argue that well-managed work-from-home policies improve gender parity, support workers with caregiving responsibilities, and expand opportunities for workers with disabilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For many companies, office mandates appear more tied to shareholder optics than <\/strong><strong>operational needs<\/strong>. Research from over 1.2k companies presented at <a target=\"_blank\" href=\"https:\/\/www.remoteworkconference.org\/2024-conference\" style=\"\" rel=\"noopener\">Stanford University\u2019s October 2024 Remote Work Conference<\/a> indicates that office return orders are often linked to financial performance struggles, possibly serving as a signal to shareholders rather than a driver of performance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ultimate irony is that it\u2019s not rank-and-file workers but long-distance CEOs who <\/strong><strong>underperform when working remotely.<\/strong> A <a target=\"_blank\" href=\"https:\/\/www.lebow.drexel.edu\/news\/remotely-productive-efficacy-of-remote-work-executives\" style=\"\" rel=\"noopener\">study tracking over 900 executives<\/a> found that the greater the distance between a CEO\u2019s home and headquarters, the wider the performance gap. Maybe it\u2019s time for the C-suite to lead by example \u2014 and swap the jet for a desk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executives are enjoying the perks of remote work while many employees face return-to-office mandates<\/p>\n","protected":false},"author":1,"featured_media":657532,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,1120,1124],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-office-life","tag-work-from-home","wpautop","entry"],"acf":{"mongo_id":"de078766-2360-4817-8cdb-e106fc4ea285","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1975.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[657526],"teaser":"Executives are enjoying the perks of remote work while many employees face return-to-office mandates","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.4a00bd50-5ef4-4ca4-9006-bf509057bf6f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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