For the CEO of Goldman Sachs “telecommuting is an aberration” / Argentina News


David Michael Solomon referred to this new stage and emphasized his desire for everything to return to normal soon and face-to-face work

Teleworking represented a significant challenge for both companies and their workers. For this reason, many CEOs and senior executives were encouraged to define it as a great adventure. From one day to the next, several companies saw tens and hundreds of their employees – in some cases – go from face-to-face to a telecommuting scheme.

Nevertheless, David Michael Solomon, CEO of Goldman Sachs, referred to this new normal of work as something “aberrant.” Without mincing words, the executive emphasized his desire for everything to return to normal soon. “We will correct this as soon as possible,” he completed.

During a conference, Solomon said that this context “is not ideal for us and it is not a new normal.” The director of Goldman Sachs was one of the corporate referents who put the most pressure on government officials to establish the necessary conditions for the return of presence.

“The vaccine distribution and the recovery process was a little slower in the first quarter than some of us expected,” Solomon said. Over the past year, Goldman Sachs has had several ups and downs in the way it manages its workforce. Yet most of the time it had a quarter of its workforce in New York, a similar level in London, and up to half of its people in some advanced positions in Asia.

I am very focused on the fact that I do not want another class of young people to arrive at Goldman Sachs in the summer remotely“completed the CEO.

The CEO of Goldman Sachs called telecommuting “aberrant”


Today, almost a year after the start of this massive home office experiment (because the modality is not new), Adecco Argentina carried out a study with more than 3,700 workers to find out how they adapted, what help they received from their employers and what They expect this new work format that, it seems, is here to stay.

In this work it stands out that a 91% of those consulted said they had not received any help from their employer to pay for Internet, electricity or some other service. Only 9% have the financial support to face them.

However, and despite this, half would be very happy to be able to work under the hybrid model some days at the office and others at home.

Regarding the possibility of get vaccinated, a 40% remarked that want to do it, 36% who have some doubts and 24% do not want to.

Has the home-office ceased to be a benefit?

Almost 57% of those consulted, despite the year they have been working from home, continue to consider as a benefit, while 32% consider that it is no longer so, given that it is their way of working.

A 58% of those consulted assured that in the companies where they work to be continue the modality of home-office during 2021, 17% remarked that they return to the office, while 25% explained that there is still no decision made in this regard.

The main problems of the home-office

Long hours and taking care of third parties were the main problems of the home-office by force

Long hours and taking care of third parties were the main problems of the home-office by force

In the first months of quarantine, one of the biggest complications of the new modality was the overwork and the inability to cut with the work routine.

42% worked more hours than when they went to the office.

After almost a year, this trend was reversed as currently a 51% said they had gotten used to it and he arranged his times so that he didn’t work more than when he was in the office.

However, longer working hours that in “normality” are maintained for almost a 38% of those who participated in the survey.

Regarding work at home with the boys, 19% admitted that it was difficult at first but that with the passage of time they all adapted and it ended up working.

13% considered that, beyond everything, affects productivity labor of people; while for another 10% of those consulted it does not affect at all. Faced with this query, the rest of the people preferred not to answer.

Economic situation and benefits

56% said that their economic situation worsened since the pandemic arrived, while for 33% of Argentines it remains the same. While for 10% it is better than before the arrival of COVID-19 in the country.

What about equipment and how did employers participate in this home-office rearrangement? Many Argentines, in addition to readjusting their lives to the new modality, also had to retrofit their homes. 62% said they could do it correctly, while 38% could not do it due to various factors: economic, lack of space and other situations.

In this aspect it can also be noted that the 72% did not receive any kind of help from your employer to equip your workplace. Only 28% were lucky enough to receive chairs, desks, computers or some financial help to purchase equipment, furniture or meet some other need.

In this regard, 63% assured be spending less money that when they went to work daily, 15% indicated that they spend the same amount, 10% that they have more expenses, while a similar percentage admitted not having carried out this analysis on their personal finances.

What benefits do home-office employees expect?

  • Chairs and desks
  • Internet payment
  • Services pay
  • Greater schedule flexibility

What happened to those who received the lunch at work? 32% indicated that they had this benefit and the employer no longer takes care of it, 6% continues to receive it and 62% did not have it before the pandemic.


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