WORKING FROM HOME, HYBRID OR REMOTE? FAMILY OFFICES, REAL ESTATE, CONSUMER PRODUCTS, TECHNOLOGY

Working from home during the pandemic became the norm and now many of our Real Estate, Construction, Consumer Products, Technology Companies and  Family Offices want their employees back in the office.

While everyone understands the advantages of working from home:
-Better work/life balance
-Higher productivity
-Cost savings
-Flexibility

There are also some significant disadvantages of working remotely that should be considered as well.

1- When working from home you do not have a “mentor” who you can work directly with day to day and learn from. While I was at Deloitte, I was successful, primarily due to working for some of the most talented partners, who taught me not only technical skills, but how to deal with clients and colleagues.

2- Being isolated, no interaction with people.

3- Work/life balance can be worse working from home, as it is sometimes hard to unplug.

4- Being promoted, moving up. With limited to no exposure to management, how can you be recognized?

5- Learning, growth- when assignments come up, the person in the office will more than likely get the nod rather than someone working remotely, who may not even be available at the right time.

6- At home there may be a number of distractions that make it difficult to focus on your work.

7- Culture- it is very difficult to feel part of the culture of the firm when working remotely.

These are just some of the disadvantages of working remotely. While it is extremely convenient not to have to commute to an office, everyone, especially younger professionals, who need mentoring should consider some of the items above.

If you would like more information on the pro’s and con’s of working remotely, hybrid or in the office, or if you want to know how to get  your employees back to the office, feel free to reach out to: Michael F. Rosenblatt, President at: Michael.Rosenblatt@questorg.com