Google is saving $1B per year as a result of employees working from home
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Re: Google is saving $1B per year as a result of employees working from home
#2savings 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.
Re: Google is saving $1B per year as a result of employees working from home
#3savings 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.
Re: Google is saving $1B per year as a result of employees working from home
#4Google 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 work.
Ninja Edit: Google has already announced their return to work plans, which involves substantially returning to physical office spaces. From early April: https://www.forbes.com/sites/jackkelly/2021/04/01/google-wan...
Re: Google is saving $1B per year as a result of employees working from home
#5savings 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.
Re: Google is saving $1B per year as a result of employees working from home
#6It's hard to quantify the potential loss of productivity or collaboration caused by working from home, though. No way to find out either, unfortunately.
Re: Google is saving $1B per year as a result of employees working from home
#7Google 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…
Those parents may be a lot more productive once their kids go back to in person school and after school activities that keep them away from 8-5.
Re: Google is saving $1B per year as a result of employees working from home
#8Google 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.
Re: Google is saving $1B per year as a result of employees working from home
#9Google 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…
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Re: Google is saving $1B per year as a result of employees working from home
#10There's a lot of employee travel at big companies. Many times of the year you can hardly book a hotel room around Mountain View/Sunnyvale/Palo Alto. I think the pandemic has shown how non-essential a lot of that really was.