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Gorodenkoff | Istock | Getty ImagesHigh-paying hybrid work is here to stay — or is it? Six-figure hybrid job availability crashed nearly 70% while posts for in-person jobs nearly doubled, according to the Q4 2023 High Paying Jobs report from jobs platform Ladders. Higher income also made workers more likely to start looking for a new position that offers hybrid flexibility, the report states. This disconnect between what employers are offering and what highly paid workers want is causing tension in the return-to-office dance. 'The tragedy of the commons'In the case for hybrid, how are six-figure workers with executive or managerial roles different from individual employees?
Persons: Frank Weishaupt, , they're, Rick Smith, Johns, Smith Organizations: Istock, Getty, Owl Labs, Employers, Boeing, UPS, Johns Hopkins Carey Business School
A lot of workplaces these days have in-office mandates, with bosses who get upset if employees don't physically show up. Frank Weishaupt, CEO of Boston-based video conferencing equipment maker Owl Labs, isn't one of those bosses. He actively encourages his employees to create schedules that work for them, in locations that make sense, he says — even if what makes sense is "coffee badging." I don't hire people to watch them work," Weishaupt says. Coffee badging may seem like an inefficient use of time, but flexible schedules like this can boost efficiency and morale.
Persons: Frank Weishaupt, it's, Weishaupt Organizations: Boston, Owl Labs, Yahoo, Gartner, Disney
Imagine this: You go to the office to grab your morning coffee and some conversation with your team. This is called "coffee badging," and more bosses should get behind it instead of forcing strict in-office mandates, says Frank Weishaupt, CEO of Boston-based Owl Labs, which makes video conferencing equipment. Employees agree, with 58% of hybrid workers saying they coffee badge, according to Owl Labs' 2023 State of Hybrid Work report. In 2024, great bosses will ditch their outdated workplace practices, according to Weishaupt, who has more than 20 years of executive experience at companies ranging from startups to Yahoo. Here are two other things that great bosses will encourage at work this year, he says:
Persons: Frank Weishaupt, Weishaupt Organizations: Boston, Owl Labs, CNBC, Employees, Yahoo
Over those two decades, and especially since the Covid-19 pandemic, Weishaupt says he's observed and learned from shifts in the workplace. Right now, he is embracing flexible work, believes employees shouldn't be micromanaged and encourages his workforce to dress comfortably, he says. Companies like Amazon and Disney have enacted stringent in-office work policies in recent months, with some citing reasons like office costs and employee productivity. And if I choose to be in the office the remainder of the day to finish my work, I'll do it. Embrace a more casual dress codeFlexible work arrangements may challenge your office's traditional dress code of suits, below-the-knee skirts and dress shoes.
Persons: Frank Weishaupt, he's, shouldn't, Weishaupt Organizations: Boston, Owl Labs, Yahoo, Disney, Gallup Locations: Weishaupt, United States
If bosses want workers in the office more often, they'll need to start paying up to cover commuting costs, employees say. Workers who currently split their time between home and the office say the No. 1 work perk that would get them to return in-person more often is their company covering commuting costs (38%). Meanwhile, roughly 1 in 4 workers also say an office dress code is hampering their return. It's undoubtedly "wildly more expensive" to work from the office today than it was pre-pandemic overall, says Frank Weishaupt, CEO of Owl Labs.
Persons: they'd, Frank Weishaupt, it's Organizations: Workers, Owl Labs, Bureau of Labor Statistics
The majority of workers say they're back in the office five days a week, and they're paying up for it. The report, which surveyed 2,000 full-time U.S. workers in June, found that 26% of workers are hybrid this year, and just 7% are fully remote. Full-time office workers are spending roughly $1,020 every month to report to the workplace, while hybrid workers spend an average of $408 per month on attendance. "There's no question" working from the office is 'wildly more expensive" today than it was pre-pandemic, says Frank Weishaupt, CEO of Owl Labs. So it's not surprising to him that, when asked what work perks would get hybrid employees to return in-person more often, the No.
Persons: Frank Weishaupt, it's, Yannique Ivey, Ivey, Weishaupt Organizations: Owl Labs, Workers, CNBC Locations: Atlanta
Ivey, 27, works for a tech consulting firm in Atlanta and says she drives into the office once or twice a month. Another 8% of hybrid workers say they haven't tried coffee badging just yet but are interested in doing so. So, "coffee badging gives you the opportunity to maintain your flexible schedule, which is incredibly important to employees," Weishaupt says. Weishaupt himself does the reverse of coffee badging, where he'll start his day from home, drive in mid-day to avoid morning traffic, and finish the rest of his day from the office. In the Philadelphia area, Kynisha Gary, 30, says coffee badging helps her find balance as a parent and Penn State student.
Persons: Yannique Ivey, you'll, Ivey, Frank Weishaupt, Weishaupt, Gary Organizations: CNBC, ., Owl Labs, Penn State Locations: Atlanta, Philadelphia, It's
When Stephan Weishaupt began looking for a weekend home outside Toronto, buying a 19th-century log cabin was the furthest thing from his mind. Mr. Weishaupt, the founder of Weishaupt Design Group and the president of a furniture company called Avenue Road, had long been focused on all things modern. When a friend told him about a 100-acre property with rolling hills, forests and ravines in Caledon East, Ontario, he was interested only in the land. “I walked some of the trails and fell in love with it,” Mr. Weishaupt, 45, said. But “the roof was sagging, and it was in dire need of repair,” Mr. Weishaupt said.
Persons: Stephan Weishaupt, Weishaupt, , ” Mr, Mr Organizations: Weishaupt Design Locations: Toronto, Caledon East , Ontario
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