What kind of scale project are you and your friend working for and which component is the problem in?
Note that I’m not disagreeing with the consequences being that there are ever growing tech debt that will live on forever and you just try to manage that and fit that into “fixit week” or “20% time”. That’s kind of the discount for why they still pay the crazy salaries for all work, not just in the teams closest to the revenue generation.
If Google were to stop attending, they risk newer generations of engineers shifting their perspective on Google, especially these days when most portrayals of Google in the media are negative.
The point of Google attending these events isn't for recruiting. It's to advertise their brand to job seekers. Seeing a bunch of candidates flocking to the Google recruiters triggers FOMO is candidates who might not have been as enthusiastic
Because that status will decline without advertising.
And this persons surely thinks "ok, the conditions are roughly the same, what is going to make sure none of my clients even bother to ask why we chose this".
So the bank picks something they know that for sure their clients won't question, and here you are. Even if a newer provider emerged with better conditions, they probably wouldn't pick it because they don't want to deal with the inevitable questions.
Plus, thanks to all the ads they might be pulling out that Visa or Mastercard when they pay for something, rather than using cash. Or they might use the Visa or Mastercard online rather than Paypal. etc etc...
There is no way that ensuring huge entities with enormous capital are able sustain their dominant position thanks to flushing cash at ads is healthy.
I've yet to see a situation where advertising was better than word of mouth, personal experience or expert feedback.
It seems it's all gain for them, no gain for us.
Source: I've been an interviewer in Google for a number of years and talked at a university at some point.
Let’s say for example you send someone to UMinnesota or UMD.
What’s the process here to get leads for internships or new grad roles?
Obviously this misses the good leads that simply don't care about your today's topic. That's in line with Google's approach being fine with a lot of false negatives.
One could argue that the money spent sending people to career fairs would be better spent on bigger signing bonuses. I assume Google uses data to make these decisions, but it could just be keeping up with the Joneses.
Two lies COVID has forcibly flushed out and helped dispel:
Lie #1: Remote work, cannot work.
Lie #2: Business travel, is a necessity.
It will be interesting to see how the corporate travel whores, spin this post-COVID in order to keep their Triple Diamond Medallion Platinum status.
So for sales/consulting, it might be fine not to travel to your customer when nobody can. Afterwards, you might want to reevaluate.
(And I am speaking as an ex-consultant that hated corporate travel).
However in a world where one company travels for conferences, lunches, in-person events, then that company will clearly have an advantage over the company that did none of those things.
Why? Because of face-to-face experience and trust building and the ability to sit beside one another and grab someone quickly. It's 100% worth the ridiculously high costs of air travel and expenses.
We got on a plane to Spain, brought some Spanish speaking folks, and crushed the issue in 3 days. Left us with 3 days to chill, and our Spanish counterparts were keen to show us around Madrid; several were locals and actually took us to see their old neighborhoods and families.
Point is, fixed the issue quick AND had added benefits of travel. As an accountant I'd not be keen on it, but as someone who has to live and work, these things are the spice of life.
I can see tech bros claiming, noshing on company catered meals, sweating in office gyms and finishing off with a massage is how world is made better place.
> It will be interesting to see how the corporate travel whores, spin this post-COVID in order to keep their Triple Diamond Medallion Platinum status.
Beautiful sentiment. I think there is "military-industrial-complex" like thing between corporate travel, hotels and airlines. So there will be enough "requirements" from clients to have face-to-face meetings, dinners and sports events to attend to. Besides off-sites and retreats are required for executives to keep the morale high of employees who do not get to travel.
'Travel whores', lol
Why do you think remote work is only feasible during a pandemic?
Remote work was feasible in part during a pandemic because it had to be. When everyone is 100% remote, things aren’t bad. If companies don’t do anything to preserve that culture from during pandemic times, when folks start returning to the office again, remote work will very likely go back to sucking. Being remote you’ll very likely be the odd person out on meetings desperately trying to hear what was said and/or struggle to get a word in with everyone else jammed in a conference room.
I agree that the odd person out being remote is often a problem but distributed teams generally can adopt effective practices. If your company doesn't? Well, there are other companies that are going to be more effective.
If they went permanent WFH they could sell/lease those spaces and probably save billions.
Not to mention the cost all the employees have to endure for traveling to work, wear on vehicles, gas, repairs, collisions, insurance, medical payouts due to car accidents, etc. Plus just generally the externalities of higher carbon emissions.
US vacancies are projected to be 19.4% nationally. On top of that, there isn’t exactly another Google-sized employer waiting in the wings over in Mountain View.
Also, because of Prop 13 those people wouldn't be paying property tax in 10 years, much like how everyone living there now isn't paying any, so Google is paying for everyone's schools and sewer systems as is.
I'm not sure what you mean. Prop 13 just caps the annual increase at 2%. I've lived in California and owned property here for 30 years. I pay property taxes.
Similar to how if you rent the same place for long enough and it's rent controlled your rent effectively gets cheaper even though it's going up.
Asymptotically at infinity, you're not wrong.
I'm probably not living that long though. Meanwhile taxes do go up every year in real money.
There was an attempt to fix this for businesses just last year, but it failed because homeowners were convinced it was a plot to get them.
Pre and post pandemic I'm still communicating with coworkers via email and slack, on the monitor. No difference at all.
Well, one difference is I used be able to hear them munch on their snacks a couple cubicles over, but I can do without that part.
Also, erasing the two hour commute, total win.
I have a co-worker (generally a lovely person) who is about ready to explode when she hears someone crunching on an apple.
WFH, I can now eat an apple without self-consciously slow-crunching.
Did you mean "rapport" and "role"? Because that sentence was a bit confusing.
To whom? Everybody is moving to work from home.
For the investment bank, many of the employees work in New York City and use a train (or bus) to commute. That is pretty low carbon intensity.
It’s totally fine to ask everyone to stop eating meat, but millions of Americans running their cars to/from the office everyday? Not a peep.
Our politicians and business class are wholly unserious about this as they were about COVID-19.
Also, if it's just about the perks mentioned, those perks might be part of what retains employees.
Software project‘s actually have less delay than usual. Don‘t get me started on why every project is ‚late‘. We‘re not even allowed to work overtime while we‘re at home.
We do see problem‘s with new hires though. They have a harder time integrating into their team.
I would be very surprised. I'm connected to the tech events space and the widespread assumption is that events will go back to physical while maintaining a strong online component going forward to continue to reach more people.
> During the first quarter, Google parent Alphabet Inc. saved $268 million in expenses from company promotions, travel and entertainment, compared with the same period a year earlier, “primarily as a result of COVID-19,” according to a company filing.
Even if they hypothetically continue the WFH setting for all employees indefinitely, other costs will still creep back up once the world starts getting back to normal. They will still hold conferences (and send employees to conferences). Team events and corporate retreats will still happen. Launches won't be digital-only. Advertising will pick back up. None of this is related to whether employees are at their desks in the office or not.