Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money
The boss of the world’s biggest commercial landlord has accused remote workers of staying away from the office because it means they “don’t work as hard” and can save money.
Steve Schwarzman, the chief executive of investment firm the Blackstone group, made the claims about hybrid staff while speaking on a panel at the Future Investment Initiative summit in Riyadh, Saudi Arabia.
In remarks first reported by Bloomberg, he said employees had kept working from home because “they didn’t work as hard, regardless of what they tell you” and also due to the savings they make on their daily commute, lunches and work attire.
I work a job where our metrics are extremely easy to analyse, since switching to 100% remote work instead of 60% max at will remote work our productivity has increased by 15%… How much are companies willing to spend to increase productivity by 15%? Imagine being able to get that boost by saving money instead!
The company I work for experienced significant growth during COVID and has more employees at the corporate office than they have desks. They’re literally saving craploads of money on building a new office by maintaining a hybrid and remote workforce