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Showing posts with label Corporate America. Show all posts
Showing posts with label Corporate America. Show all posts

Sunday, March 05, 2023

Follow The Money - Why Companies Are Demanding Remote Workers Return to the Office

  

Investing In Yourself – Using Pillars to Build Your Core
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As the owner of a small but growing technology consulting and staffing company, I have some insight and visibility into workplace trends. I often find myself using the tools and techniques that I share with you on investing in the business world. For example, I try to track certain trends related to cybersecurity job openings. One of my most prescient calls a few years ago was shared in an email blast that I posted to my job network. The call was the rise of the remote job openings. While I had made the shift to full remote work about five years ago, I noticed and commented on the increasing rise of remote work. If I get a chance I will post and share that email newsletter from a few years ago. I personally believe that trend has triggered employer productivity, employee flexibility, and a less biased playing field. I can provide myself and few other consultants that have worked with and for me as a "use case". We have contributed to an increased amount of workplace productivity as I often have a more difficult time turning work off. A sad example would be the fact that I check my workplace laptop as I pass by office during my off hours. I tend to justify my increased workload by fairly noting that working remote has increased my family flexibility. For the first time in my adult life, I found relief in being able to go to the post office, put laundry in the washer, get my kids from daycare timely, grab the groceries, and occasionally cut the grass during my lunch break. These were things that were only left for after work evenings and weekends. Finally, I also found that working remotely has increased the pool of employers that needed my skillset, exposed me to better pay wages, and I feel I didn't have to some aspects of racism in the corporate world. While, I know many interviewers will check my LinkedIn account and do a Google search, I've finally shifted the tide and feel like I can control my narrative a bit. I don't have a huge presence on the internet and it's politically incorrect to ask for me to add you to my LinkedIn profile -- so I personally believe I'm being evaluated on my resume, interview skills and experience, with less of the biases the office culture. Many people don't realize a previous trend that saw corporate offices move to suburbs in mass droves. What this silently meant was city dwellers (often younger adults) and minority communities often dealt with the burden of longer commutes. I personally lived is a large metro city and when I bought my home, I chose a majority minority enclave of the city. It was perfect! My neighbors were: multiple lawyers, multiple doctors, multiple police and law enforcement persons, and members of academia. They were all minorities and lived in my building. This was home, this was comfort, this was the dream. But my move also now meant a longer commute as my company had no presence in the city as it was located in a less populous and diverse suburb. Instead of companies understanding this burden being placed on its workforce, I was a betting prop in my department. One of my colleagues openly acknowledged, years later, they were surprised I did not move or change jobs after I made my first home purchased. What is a logical idea, is illogical in a world where most corporations are not setup in minority communities. The blessing in disguise has been an older graying workforce that is causing and FORCING employers to finally listen. The younger workers being interviewed started declining job offers at my company which finally caused them to open a city office location where we could work from. Imagine that -- overnight my commute was cut my more that half and my commute options doubled. I was even being exposed to a healthier lifestyle as I often has to walk from the bus or train stop to my office. The rise of WeWork and younger workers demanding more flexibility has been a game changer.

So let's fast forward to the trends I am seeing today. I have seen a sharp increase in the last 3-6 months of job opening demanding that workers be "Onsite from Day 1" to a term called "hybrid". This means that the worker may be in the office 3 out of 5 days a week. I went from interviewing and filling job roles a rapid clip, to know a grind of potential new hires asking me is this job really in the office and me constantly confirming with recruiters. I've often taught you all here to do one thing when you usually get to the bottom of an increasing trend and that's to Follow the Money. So, I wasn't surprised when I read a recent article citing that one of the main reasons companies are requiring workers to return to the office is due to financial reasons. The commercial real estate industry, jobs that support those commercial districts and even the tax breaks that have been negotiated with corporations all top the list of reasons why grey-haired males leading Corporate American firms are rallying around strong statements demanding workers return. While I do understand that some job roles and an increased corporate culture stand to gain from being onsite, I personally have stated I will not return to onsite work. Now I can take a stance like that because I'm established in my career, have diversified my income and follow the Pillars that I write about here, what will be interesting is if the younger generation and other on the fence can win the battle of remote work.

Don't believe me, just read. The following article from Bloomberg, shares some context on how tax breaks are pushing employers to demand workers return to the office:
Source: Bloomberg


Sunday, August 23, 2020

Don't Cancel ---- Investment

 I wanted to speak on the "Cancel Culture" phenomenon that is alive and well within our society. Cancel culture goes by many names in different cultures. Some call it the crab mentality, I jokingly say the hit songs "Can't Nobody Tell Me Nothing" by Little Nas X and "Thank You Next" by Ariana Grande epitomize my point. You'll see Cancel Culture is NOT so alive and well when a music artist is praised for using their 1st Amendment right to lyrically talk about abusing or killing their spouse or  when other artists or politicians  use "blackface". In these moments the masses say 'its just in fun', or 'wow look at their age', or even better --- 'you can't govern speech'. The funny thing is this falls out of alignment with what I learned in Corporate America. Someone has to set the tone from the top and be accountable and oh by the way aren't these musicians, artists, and politicians governed by a larger corporation or government structure. 

So I wonder why I see a difference when certain people appear to be targeted or (wait for it) the Cancel Culture comes calling when its a subject on race, supporting the marginalized, or leveling the playing field.  

If I to ask to diversify Board Rooms and the CEO suite, which is severely underrepresented by people of color, I'm told we can't find the talent.  --- I like the response of Alex Ohanian, Chairman of Reddit who simply stepped down and said I'll make a path. --- I didn't like the response I saw of one company who needed my help on a cyber project. I went to their website and they boasted about having a diverse board. The board was all-white but now had 4 white women in the ranks. So I decided not to pursue it further.

If I ask to diversify Hollywood, which is also underrepresented, my show might be canceled, Instagram page flooded with cancel messages, etc.  --- What happened to data driven metrics. Without much argument data should be able to tell me the diversity mix without someone telling me I need a cultural sensitivity lesson for trying to solve an age old problem.  I wonder instead of the quick to cancel response, we find ways to open doors like Alex Ohanian did, or does he only now understand the problem because he is married to an African-American woman, Serena Williams.  In the corporate world, we form joint ventures and partner with small startups and businesses --- so WHY did Tyler Perry have to build his own film production company to make films that are directed, staffed, and include actors from multi-ethnic backgrounds. The cancel culture can infect even people that look like you as he was sometimes even canceled by people that look like him? He's a comedian and he employs African-Americans...strange we DO NOT critique or hold Corporate America accountable but we come down on him, Michael Jordan, and others --- Cancel Culture not everything we do will be advertised on the internet. 

Why is my analysis of data considered a protest when the facts are clear that most African-American dollars DO NOT even circulate within our own community. Will you try to cancel me, call my statements a protest? Or will you make a path for me, sometimes partner with me, even take a risk on me so that I can simply do what many other cultures do.  Will you try to cancel me for wanting my real estate property to be managed, or the plumbing to be fixed, or by college or work diversity, or the movie I watch to be comprised of people that look like me. Or should I just cancel culture you, like when you tell me to revisit a Confederate museum, or the Constitution, or your cultural history. 

I don't mind revisiting history as I've revisited the world's history all through school, college, and even in your responses. I will take up the challenge to learn from you BUT SHOULD I cancel you since Black Lives Matter, Colin Kaepernick, Boardroom and Workplace Diversity, Police Brutality are  racial, civil, human, and even religious rights issues that predominantly affect me and my African-American community.  Thank you for offering up your history, let me offer up mine. 

I call in the Bunce Island Response: 

When you put on Blackface, put a knee on a neck, make an insensitive joke, question me against my will after a volunteer event, tell me your commute is impacted by a protest, allow the Confederacy to mark public buildings and landmarks, or fail to defend against hate speech to African-Americans you are complicit in denying our true history. My history is your history as the world was involved. Bunce Island was famous to the world as one of the primary processing points for slaves to be sold for the rice plantations of the South. My people's villages were raided for their expertise, what we now called Subject Matter Experts (SME), in cultivating rice. Let me take you to my our home of West Africa, where Africans were rounded up from countries like Sierra Leone, Liberia, Senegal, Gambia, and even as far as Angola to survive concentration boats, concentration plantations, and horrendous abuse from slave labor.

To deny our history is to deny a path forward to solving this problem. I ask modern day citizen, how many weeks, months or years would you work without pay? How would that make you feel and how should these wrongs be corrected?  I saw interns recently sued the big magazine corporations a few years ago for internships with out pay. They could leave after the summer go back to school --- what if for multiple generations your family's identify, wealth, assets, investments, SME, children, wives, fathers were killed or assets stripped, or compensation never paid without any fair market based valuation.  And then go to a school name after the person who robbed your family --- How would that make you feel?

So when I, Magic Johnson, Michael Jordan, Oprah, Lebron, Nas, or the host of many people talk about African-American investments, owning assets, and circulating dollars and knowledge without our community, please don't stand in solidarity...take action. Don't cancel culture me as you accumulate debt or pile debt on people that look like me...let's invest together. And if you're afraid to take risks, I understand  --- over 400 years ago and systematically since then many of us have been programmed to get what you can and NOT to share with others out of fear that there is not enough for everyone. haha a rising tide lifts all boats.

Like Jay Z said I'm not a businessman,  I'm a Business, man. Or as I like to call it a Platform:

  • 1 Primary Home
  • 1 Rental Home (more coming)
  • Investment Portfolio with over 30 stocks at any given time
  • 401K 
  • Rainy Day Savings
  • Corporate Job
  • Own a Small Business - training and employing underserved groups on how to enter the information technology field
  • 529 College fund for my kids
I enjoy doing deals directly and don't like middlemen. I manage my own money to eliminate the fear from years of being told you can't do it yourself or simply you're not enough. My final point, I sat down with a Certified Financial Planner a few years who told me what I already knew. I gave him all my numbers and he said you're good until roughly 81-87 years of age. He wanted my business...nope at 37 if I got to 87 by myself...tell me how you can help grow my platform...not take a cut. Don't ask for a hookup, ask how can I learn from what you're doing. And realize everyone brings value to the table, teach others what you're doing...don't bottle it in but then again canceling is easy.  Until then stay blessed and get your Urb on