U.s. Employers Postpone Return-To-Work Plans

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U.s. Employers Postpone Return-To-Work Plans
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91% of professionals state their company has postponed its return-to-work plans

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Q2 2020 hedge fund letters, conferences and more

Major U.S. employers have postponed return-to-work plans because of recent bumps in coronavirus infections. Blind, an anonymous community of verified professionals with 3.6 million users, began running a survey gauging whether tech and finance professionals had any insight as to when return-to-work plans were pushed back to.

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Compannies Put Return-To-Work Plans On Hold

Key Learnings (3,000 responses):

  1. Has your company postponed its return-to-work plans?
    • 33% of surveyed professionals state that their company postponed its plans until Q1 2021
    • 14% of surveyed professionals state that their company postponed its plans until Q2 2021
    • 18% of surveyed professionals state that their company postponed its plans until Q3 2021
    • 21% of surveyed professionals state that their company postponed its return-to-work plans with no end date provided
  2. Has your company provided you with resources to make your work office more productive?
    • . 66% of surveyed professionals responded “yes”
  3. What resources were provided to you?
    • . An employee at Facebook says they were given $2,000
    • While an employee at Capital One says they were given a chair, monitors, and back up daycare
    • An employee at Intel Corporation says they were given $800+ office equipment; subsidized home utilities
    • And an employee at Google says they were given expense allotment, equipment, and  12 weeks pto

Running an in person office is going to be much more expensive than before due to the pandemic.  Employers are also concerned about the legal liability they'll shoulder should someone get sick.

Is your employer getting ready to go back to work? Tell us your thoughts in the comments section.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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