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If employees want to work remotely after Sept. 1, for more than 14 additional days per year, they’ll have to formally apply for it, according to a separate note marked “Need to know.” They can apply for up to 12 months in “the most exceptional circumstances.” The company could, however, call employees back to their assigned office at any point, the note said.
https://www.cnbc.com/2021/03/31/google-speeds-partial-office...
savings of $268m from company promotions, travel and entertainment so.. thats a combination of unnecessary spend, and cost-shifting: some of this, the employees now "self fund" as well as avoid.
At least speaking to just cafeterias, if Google can forecast what their employees would've wanted to spend their money on, and then purchase that more efficiently than they could, then that is a way for Google to transfer increased value to their employees.
If the lunch is worth $12 to the employee, Google would have had to otherwise pay them $20 to leave them with enough to buy lunch after tax if their marginal rate was 40% combined. Google can probably provide it for $10, which is likely at least 50% deductible to Google.
Google may save $1B this year on the P&L, but I can assure you that a large cohort of employees are vastly less effective (especially parents!). Time will tell how wfh pans out in terms of long-term enterprise value creation, after confounding variables (i.e. COVID) are removed. Source: A lot of my Googler friends are itching to get back into the office -- whether parents or people whose social lives centered around…
Google may save $1B this year on the P&L, but I can assure you that a large cohort of employees are vastly less effective (especially parents!). Time will tell how wfh pans out in terms of long-term enterprise value creation, after confounding variables (i.e. COVID) are removed. Source: A lot of my Googler friends are itching to get back into the office -- whether parents or people whose social lives centered around…
I wonder how affects the economy that this huge players keep making their accounts grow bigger avoiding these massive cash flows reach the street.
Google may save $1B this year on the P&L, but I can assure you that a large cohort of employees are vastly less effective (especially parents!). Time will tell how wfh pans out in terms of long-term enterprise value creation, after confounding variables (i.e. COVID) are removed. Source: A lot of my Googler friends are itching to get back into the office -- whether parents or people whose social lives centered around…
I can assure you that a much larger cohort of employees are vastly more effective. No commute alone is a MASSIVE gain.
Google may save $1B this year on the P&L, but I can assure you that a large cohort of employees are vastly less effective (especially parents!). Time will tell how wfh pans out in terms of long-term enterprise value creation, after confounding variables (i.e. COVID) are removed. Source: A lot of my Googler friends are itching to get back into the office -- whether parents or people whose social lives centered around…
I can assure you that a much larger cohort of employees are vastly more effective. No commute alone is a MASSIVE gain.
savings of $268m from company promotions, travel and entertainment so.. thats a combination of unnecessary spend, and cost-shifting: some of this, the employees now "self fund" as well as avoid.
At google in particular isn’t the on-site food and entertainment a big perk? Seems like even a slightly worse employee retention rate could really cut into this savings.
It's hard to quantify the potential loss of productivity or collaboration caused by working from home, though. No way to find out either, unfortunately.
But arguing around $1B saved won't be easy.
Google may save $1B this year on the P&L, but I can assure you that a large cohort of employees are vastly less effective (especially parents!). Time will tell how wfh pans out in terms of long-term enterprise value creation, after confounding variables (i.e. COVID) are removed. Source: A lot of my Googler friends are itching to get back into the office -- whether parents or people whose social lives centered around…
I can assure you that a much larger cohort of employees are vastly more effective. No commute alone is a MASSIVE gain.