US Work from home or return to the office? How Wall Street and Silicon Valley agree — and disagree — on the topic.

11:02  18 september  2020
11:02  18 september  2020 Source:   nbcnews.com

Voting By Mail? Here Are the Deadlines in Every U.S. State

  Voting By Mail? Here Are the Deadlines in Every U.S. State Voting By Mail? Here Are the Deadlines in Every U.S. StateBefore the pandemic, five states—Colorado, Hawaii, Oregon, Washington and Utah—already held all-mail elections, meaning every active registered voter automatically received a ballot in the mail that would allow them to bypass a physical polling place. Due to COVID-19, several more states, including California and New Jersey, are adopting this model for the 2020 election. Twenty-nine states and Washington D.C. already allowed for “no excuse” mail-in absentee ballots, meaning voters can request a mail-in ballot without having to meet certain qualifications.

Two big industries are taking divergent approaches to managing employees in a pandemic. The differences paint a sharp picture of how the coronavirus has reshaped the way we work — even though it still hangs over any attempt to reclaim a sense of normalcy in corporate America.

a man in a blue shirt © Provided by NBC News

Like its most famous icon, Wall Street has been bullish about getting employees back at their desks in banking and finance. The chief executives of JPMorgan Chase and Goldman Sachs each expressed a desire to get their employees back into the office — even though Chase has already hit a snag, with Bloomberg reporting this week that some workers in Manhattan were sent home after an equities trader tested positive for Covid-19. In the meantime, Deutsche Bank took the opposite tack: The Wall Street Journal reported that it is pushing back its in-office return to July for U.S. employees.

Colby Covington calls LeBron James a ‘spineless coward’

  Colby Covington calls LeBron James a ‘spineless coward’ Covington against James in the octagon would make for quite a fight. Covington isn’t the only person who has called out James lately.Subscribe to Yardbarker's Morning Bark, the most comprehensive newsletter in sports. Customize your email to get the latest news on your favorite sports, teams and schools. Emailed daily.

On the flip side, Silicon Valley heavyweights like Facebook and Apple have said employees can stay home until the end of 2020 or into early 2021. Google took it a step further, giving employees the green light to work from home until at least July, and Twitter is reported to be subletting more than 100,000 square feet of San Francisco office space for up to five years, according to the San Francisco Chronicle.

Full coverage of the coronavirus outbreak

There are significant cultural differences between the two that make the transition easier for tech companies, experts say.

"Technology is less mature of an industry than financial services. In New York City, for example, financial services have been around for 150 years now," said Dave Carvajal, CEO of the recruiting firm Dave Partners, which focuses on finance-related technology companies.

‘Horrific act of violence’: Rochester, New York, grieves for 2 students killed in mass shooting that injured 14 others

  ‘Horrific act of violence’: Rochester, New York, grieves for 2 students killed in mass shooting that injured 14 others The shooting that left 2 people dead and 14 others injured brought further tumult to a city already gripped by civil unrest and the COVID-19 pandemic.“It just doesn’t make sense,” Warren said.

John Challenger, CEO of the recruiting firm Challenger, Gray & Christmas, said: "It seems so logical that each is going with what they know. Old-economy financial firms think they need to be there in person. The tech companies have learned already to deal with work in a much more virtual environment. They're comfortable with the technology."

"Keeping workers fired up and excited is a major challenge for companies today."

Cal Newport, an associate professor of computer science at Georgetown University, said: "If you're in software, it's an easier shift to remote. Outside of software, knowledge work is just too haphazard. If you have structure, which software development does, then I think remote work has massive advantages."

But even tech companies found that the demands of a pandemic have stretched their limits.

"We found the transition was easy to operate initially, being a tech company," said Sam Caucci, founder and CEO of the business-to-business software startup 1Huddle. Over time, however, the duration and uncertainty of the pandemic began to wear on Caucci's 40-person staff. "Keeping workers fired up and excited is a major challenge for companies today," he said. "We started to see that for ourselves."

Blues prospect Klim Kostin assigned to KHL team

  Blues prospect Klim Kostin assigned to KHL team Getting some playing time in the KHL, where he actually debuted in 2017 before even being drafted, will only help him continue his development and come to North America ready to compete for a roster spot with the Blues. Subscribe to Yardbarker's Morning Bark, the most comprehensive newsletter in sports. Customize your email to get the latest news on your favorite sports, teams and schools. Emailed daily. Always free! Sign up now ▸More must-reads:Blues told Alex Pietrangelo to test free agency after extension talks break off?Blues hire former Stars coach Jim Montgomery as assistantThe 'St.

Banking analysts noted that productivity at JPMorgan Chase has slipped among staffers working from home since the pandemic began. Chase is targeting Monday to get most of its employees back to the office.

Challenger said that given the sheer amount of upheaval in so many people's lives, including changes in child care and virtual schooling obligations, it's no surprise that productivity has taken a hit.

"There's different kinds of demands and diversions that affect people who have not been working this way before. You couldn't expect that people could be able to just instantly adapt," he said.

Newport said: "There's a social capital cost. We underestimate the amount of informal, ad hoc communication and coordination that occurs when you're all in the same space."

That's especially true in finance, Carvajal said. "There's how you manage people, and there's how you manage work," he said. "There's an efficiency in one-on-one communication, of sitting in front of a person and being able to read their body language and being able to pick up on their facial expressions and emotional cues."

Free-agent focus: Who stays, who goes for Blackhawks?

  Free-agent focus: Who stays, who goes for Blackhawks? NFL Network's Will Selva joins the roundtable with Ohio Representative Anthony Gonzalez and Texas Representative Colin Allred to discuss the importance of voting.

In tech, "there's a different kind of efficiency," he said. "The promise of the internet was always that you could work from your favorite beach. It took Covid to really accelerate that and materialize that in a big way."

But Newport said many people are conditioned to having a buffer between work and home — and that can deliver a productivity benefit, as well.

"Those types of transitions where you have ritual and a location shift, there is a really big psychological benefit to that. You can work better, and you can separate your home life better," he said.

Michael Gunaca, who works in the Denver office of the Seattle-based real estate tech company Zillow, said: "I don't miss sitting in traffic, but at the same time, being able to have that buffer space between personal life and work life was good."

Gunaca, who started working from home in mid-March, said he doesn't anticipate going back to the office for the rest of the year. (Zillow announced at the end of July that it plans to let most employees work from home "indefinitely.")

"I'm really glad we were told we wouldn't be returning, because having that date helped us plan accordingly, both psychologically as well as ... [turning] our spare bedroom into a home office," Gunaca said. "I never would have appreciated the office as much as I do now."

Of course, for the millions of working parents trying to juggle their jobs with remote school instruction, there's very little work-life separation these days.

Gunaca worked out a flexible schedule with his boss at Zillow to work around child care for his 2-year-old son. Gunaca and his wife, who works for a wine importer and also is working from home indefinitely, decided to remove the toddler from day care when the pandemic hit. He said he is lucky to work for an employer with generous parental benefits and time off — perks the majority of workers, including low-wage and essential workers, don't have.

Caucci said: "Close to half our team have children. It is absolutely a balancing act and challenge."

LeBron James shares his thoughts on Breonna Taylor decision .
LeBron James joined a chorus of athletes sharing their dissatisfaction with Tuesday’s announcement of charges related to the death of Breonna Taylor. © Kim Klement-USA TODAY Sports LeBron James has reacted to police officers not seeing any charges for killing Breonna Taylor. James shared his thoughts in the form of a few tweets on the subject. my love to Breonna mother, family and friends! I’m sorry! I’m sorry! I’m sorry!! — LeBron James (@KingJames) September 24, 2020 Taylor was killed on March 13 after being caught in crossfire between three officers and Taylor’s boyfriend, Kenneth Walker.

—   Share news in the SOC. Networks
usr: 1
This is interesting!