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To keep the top talent, professional firms must retire the 9-to-5
The Hill ^ | 08/06/2021 | ROBERT POZEN

Posted on 08/06/2021 11:47:53 AM PDT by ChicagoConservative27

Before the pandemic, many associates at professional service firms — e.g., consulting, financial, legal and accounting — spent long hours in the office. They often tried to maximize face time by staying late at their desks to impress their boss. During the pandemic, however, these associates worked from home. The practice of face time broke down since the boss could not see the associates slaving in their offices late at night. Yet, foreshadowing the future, the work at these firms was done well at home.

To continue to attract top talent and improve productivity, professional service firms must shift away from their traditional emphasis on counting hours to a focus on actual results. Although hours are easy to measure, they are a poor proxy for productivity in a knowledge-based organization. Who cares about the number of hours you worked if your product is bad — a boring presentation or a weak analysis? And if your presentation or analysis is excellent, will you be criticized because you did not spend a lot of hours generating the product?

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 95; professional; retire; talent
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The company on the second floor in my building where I work told employees they could come back to the office three days and home for the other 2 starting July 19th.

Only FIVE are doing it out of 80 employees.

1 posted on 08/06/2021 11:47:53 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

https://www.youtube.com/watch?v=UbxUSsFXYo4


2 posted on 08/06/2021 11:49:20 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: ChicagoConservative27

Its a huge expense to commute and it wastes time.


3 posted on 08/06/2021 11:49:25 AM PDT by frogjerk (I will not do business with fascists)
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To: ChicagoConservative27

“Only FIVE are doing it out of 80 employees.”

If I worked there I would come in Tues-Thurs and work at home Mon & Fri.


4 posted on 08/06/2021 11:51:11 AM PDT by billyboy15
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To: ChicagoConservative27

bookmark


5 posted on 08/06/2021 11:53:15 AM PDT by GOP Poet (Super cool you can change your tag line EVERYTIME you post!! :D. (Small things make me happy))
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To: frogjerk
"Its a huge expense to commute and it wastes time."

I was working remote prior to COVID, but in some ways, I did miss the commute. For me, the drive home was an opportunity to decompress from rough days, and psychologically helped me maintain distance between my work and home life.

6 posted on 08/06/2021 11:53:39 AM PDT by Joe 6-pack
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To: frogjerk

“Its a huge expense to commute and it wastes time.”

For some people you’re right. For others it can be far less distracting to work in the office and the commute is worth the effort and expense.


7 posted on 08/06/2021 11:54:30 AM PDT by MercyFlush ( According to the New York Times "Freedom" is an anti-government slogan. )
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To: ChicagoConservative27

Shift from “by the hour” to “by the task”.

A good thing.

Most people could truly “work” in about 20 hrs/wk.


8 posted on 08/06/2021 11:54:53 AM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: billyboy15
I've pretty much adopted the Tuesday-Thursday schedule and work at home Mondays and Fridays.

I call it my "semi-retirement" but in actuality, I am at my most productive on the two days I'm at home.

The three days in the middle of the week are consumed with con-calls, which is the least productive use of my time.

9 posted on 08/06/2021 11:55:33 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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To: lightman

Most MBAs and just managers in general are addicted to the clock more than performance. Some people do need 40+ hours to do what some can do in 20. In general, I’d like to do a France and see 30-35 as the typical week. Or by task.

Hasn’t really hurt France any that I can see, but makes life a lot better.


10 posted on 08/06/2021 11:57:26 AM PDT by Catfan15
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To: Joe 6-pack

As was I for a while, but I did not miss the commute. The missed trains and ferries and delays and cost all are too much. I can get much more done and can be very flexible at the same time. But I can see how sometimes it is nice to be out of pocket but that is almost impossible now with smartphones.


11 posted on 08/06/2021 11:57:43 AM PDT by frogjerk (I will not do business with fascists)
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To: Joe 6-pack

When you zoom face time a lot of the bad personal chemistry that can make working in person stressful—goes away.


12 posted on 08/06/2021 11:57:48 AM PDT by ckilmer
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To: Joe 6-pack

Since my main office is in Manhattan, I do really like the commute. I sit on a train three hours a day. Allows me to plug into some music and get some good book reading done. Like you say, it really allows you to decompress between your work life and personal life. On the way home out of Grand Central, I usually grab a beer or two for the trip home. Metro North doesn’t sell it anymore but they do allow you to drink it on the train.


13 posted on 08/06/2021 11:59:26 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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To: ChicagoConservative27

Threads with people complaining about their jobs being outsourced overseas in 3, 2, 1 . . . .


14 posted on 08/06/2021 11:59:56 AM PDT by BusterDog
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To: billyboy15

It is a lot nicer for your mental health on Sunday night when you know you don’t have to get up super early and can just sign on when working from home.


15 posted on 08/06/2021 12:00:04 PM PDT by frogjerk (I will not do business with fascists)
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To: ChicagoConservative27

I’m hoping remote work will enable me to leave CA for good. Still waiting for company policy to settle...


16 posted on 08/06/2021 12:01:33 PM PDT by AnotherUnixGeek
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To: ChicagoConservative27

“They often tried to maximize face time by staying late at their desks to impress their boss.”

Yeah. Real work.

See the virtue of not having a steel industry? You can do it from home.


17 posted on 08/06/2021 12:02:17 PM PDT by Empire_of_Liberty
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To: SamAdams76

My thing is that I love to drive and enjoyment factor has always been a consideration of any car I bought. I could make the drive home as long or short as I wanted to.


18 posted on 08/06/2021 12:03:06 PM PDT by Joe 6-pack
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To: ChicagoConservative27

I got a friend who his some mid-range hot shot lawyer. He’s on a group text. We tease him about which client he is billing for time he spends texting us.


19 posted on 08/06/2021 12:03:26 PM PDT by monkeyshine (live and let live is dead)
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To: frogjerk

“Its a huge expense to commute and it wastes time.”

One of our direct descendants has Covid and probably the Delta form. He and his current family are at home in isolation.

His son will be a 3rd year engineering student at a Cal State University this fall, and is working at a paid preceptor-ship for a firm near his home. So he has been doing his work at his parents’ home since his Dad’s diagnosis. Between his computer gear and his Mother’s home office gear, his job is being done at their home.

Basically, he and his boss have found that 95% of his job can be done at home. So when his isolation period is over next week, they will try 4 days /week at his home office and 1 day in their office and a lot of Zoom phone calls.


20 posted on 08/06/2021 12:03:55 PM PDT by Grampa Dave (If I wanted to live in Australia, China, Cuba, Canada, the UK, or Chicago! I'd move there! )
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