The return to the office movement has highlighted the disconnect between executives, managers and their employees. Generally, the supervisors want everyone to come back to their offices. Meanwhile, employees are perfectly happy working remotely. If pushed, they’d be open for a couple of days in an office setting.
It's a tale of two cities. The executives at top investment banks, hedge funds and private equity firms have a cushy worklife. They have their own luxurious offices with teams of assistants and secretaries, and people at their beckoning call. At home they can afford to live in New York City and don’t have to endure a three hour round trip commute from the suburbs.
Earning millions of dollars, they can afford large city apartments, nannies, childcare, private schools for their kids and corporate cars whisking them around town. The average worker at a bank does well, but it can’t compare to the top echelon.
Old school managers still can’t wrap their minds around remote work. They spent forty years dressing up in a suit and tie, watching over their minions in cubicles. They won’t likely admit it, but it’s an ego and power trip. The execs are doing what is best for themselves, enjoying the perks of being a boss, and disregarding the needs and wants of their people. They prize facetime in front of the boss as more important than production.