Companies are sending people back to the office to "increase productivity"
As a CEO, that makes no sense.
Our company has worked remotely for 16 months. How was productivity affected? This April, we set a record for revenue. In May, we broke that again. theguardian.com/commentisfree/…
The extra revenue allowed us to grow past 200 employees for the first time. Remote work opened our recruiting pool significantly: we now have workers in 24 states.
Nationwide, research shows remote work fueled 5% productivity growth since people aren’t burnt out from commuting.
Companies say the office motivates employees.
What motivates you? The chance to have a pizza party at the office? Or knowing you can spend rush hour having dinner with your family instead of getting honked at by someone who just cut you off?
The truth is, companies have had it too good for too long by requiring staff to spend unpaid time traveling to and from work just so managers can feel in control.
We just proved most office jobs can be done from home just as well.
The average worker spends 55.2 minutes commuting daily, up 10% from 2006.
The typical worker makes $20.17 an hour. But add in commuting time and that pay rate drops to $18.09 an hour.
If you actually got paid for commute time, the median worker would make an extra $4,800 a year
Research shows that workers feel more negative emotions during their morning commute than at any other point in the day. How does making people miserable before work unlock productivity?
[pdf] international.ucla.edu/media/files/Ka…
Instead of making a top-down CEO decision, I asked our staff how they want to work:
7% want back in the office full time
31% want office-remote hybrid
62% want to work from home full time
I told them: Do whatever you want
Employees know how to do their jobs better than any CEO
For employers, there are plenty of benefits to putting employees first.
Can't find workers?
We’ve had more than 300 applicants per job opening since we became remote-eligible, the most since we got tons of press for enacting a $70k min wage 6 years ago.
Cutting commutes is probably the biggest thing companies can do to help the environment.
I see ads from corporations claiming to be green then see they require desk workers to spend an hour a day spewing exhaust into the atmosphere to reach an office park inaccessible by transit
Not every company can go remote, but those that can and are sending workers back to the office anyway are doing a disservice to their employees and to their long-term future.
For the last two weeks, I've been secretly muted from 99.9% of twitter.
Only people who follow me see my tweets. So when you retweet me, it goes into a black hole.
I even created two dummy accounts to verify this.
I have no idea why this is.
People will point out that I'm the CEO of a small payments company that competes with Square, which is led by Twitter's CEO.
I alerted Twitter multiple times to the issue and they said if I didn't like it, I could pay them to advertise.
I first noticed something was amiss when my follower count stopped growing. Then I noticed over 90% of my interactions were from followers - usually it's 50/50.
Being shadow-muted sucks but the bigger concern is how tech companies have power to limit your voice.
6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on bread lines.
Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought.
Always invest in people.
Since our $70k min wage was announced 6 years ago today:
*Our revenue tripled
*Head count grew 70%
*Customer base doubled
*Babies had by staff grew 10x
*70% of employees paid down debt
*Homes bought by employees grew 10x
*401(k) contributions grew 155%
*Turnover dropped in half
After our $70k min wage:
*76% of employees are engaged at work, 2x the national average
*Customer attrition fell to 25% below nat'l average
*We expanded to a new Boise office & enacted $70k min wage there
*Our highest-paid employee makes 4x our lowest-paid employee, down from 33x
CEO to median worker pay ratio
Ross: 1,059 to 1
Chipotle: 1,136 to 1
GameStop: 1,137 to 1
KFC/Pizza Hut/Taco Bell: 1,413 to 1
Dick's: 1,487 to 1
Gap: 1,558 to 1
Coke 1,657 to 1
Starbucks: 1,675 to 1
McDonald's 1,939 to 1
yes, it's min wage workers responsible for price increases
CEO to median worker pay ratio
Papa John's: 1,038 to 1
Kraft-Heinz: 1,034 to 1
Foot Locker: 1,013 to 1
Bed Bath & Beyond: 1,007 to 1
American Eagle: 1,003 to 1
Walmart: 983 to 1
DSW: 965 to 1
Kohl's: 923 to 1
Disney: 911 to 1
yes, it's min wage workers responsible for job losses
CEO to median worker pay ratio
Dollar General: 824 to 1
Target: 821 to 1
CVS: 790 to 1
Kroger: 789 to 1
Five Below: 718 to 1
Estee Lauder: 697 to 1
PriceSmart: 694 to 1
Dollar Tree: 690 to 1
Big Lots: 663 to 1
yes, it's min wage workers responsible for store closures
Context:
Amazon full-time warehouse employees make $31,200 a year. Jeff Bezos makes that every 12 seconds.
Cost to give warehouse workers 2 weeks paid sick leave + pay bumps so they don't qualify for food stamps = 0.9% of Bezos' fortune
1. Last week Amazon denied its workers' quotas are so punishing that they have to pee in bottles.
The next day, documents showed that not only do workers regularly have to urinate in bottles, they also defecate in bags, and Amazon is well aware of this theintercept.com/2021/03/25/ama…
2. Amazon is one of the top 3 companies whose employees rely on food stamps and Medicaid (along with Walmart and McDonald's).
This costs taxpayers billions of dollars, meaning you are subsidizing low pay to increase profits for a $1.6 trillion company bloomberg.com/opinion/articl…