Fund managers want to return to office – survey
“And it’s different from other industries, like the tech industry,” Keizner added. “The message is: ‘It went well, but we are going back to the office.'”
Despite this, most companies do not plan to return to the office full time in the fall. Survey results show that most companies (70%) will require their employees to return to work between two and four days a week in the office in a hybrid model.
“While we were going back, we weren’t going back to where we were in February 2020,” Keizner said. “We recognize that the world has changed and we are going to be more flexible in how we approach our return to the office.”
In terms of establishing a plan to return to the office, private equity firms have made the most progress among investment managers. Of the 58% of companies that have a plan, 70% of private equity firms have a plan, compared to only 46% of hedge funds.
The Odyssey executive explained that there are several reasons behind the desire within the asset management industry to return to office.
“I think there is a feeling that this business is better done face to face,” Keizner said, adding that business leaders wanted to “go back to the office to see colleagues” and “regain that sense of corporate identity. “
“If you don’t see coworkers, not in space, and you’re only working in (say) Excel or PowerPoint, then (work) quickly becomes the lowest common denominator,” he said. “It becomes easier for competitive companies to move people, to hire them.”