Return to the Office vs. Remote: What Can Employers Legally Enforce? [e321]

In 2020, we saw a lot of employers permanently switching to work remotely. While some have slowly brought their workers back into the office, Goldman Sachs’s CEO, David Solomon, has been labeled as anti-remote. However, this wasn’t always the case – in fact, he once argued that having employees working from home was "the new norm". On this episode, Nasir and Matt take a look back at how Goldman Sachs's response to the pandemic has changed throughout the years. Full Podcast TranscriptNASIR: Yes, we’re talking about Goldman Sachs – the return to office for them. Why Goldman Sachs? Well, they are a huge company. We wanted to talk about tracking them through the COVID response going back all the way to 2020. MATT: You’ll give up the ending to this podcast already, but… NASIR: Well, yes, that’s true. This is Legally Sound Smart Business where your hosts – Nasir Pasha and Matt Staub – cover business in the news and add their awesome legal twist. Legally Sound Smart Business is a podcast brought to you by Pasha Law PC – a law firm representing your business in California, Illinois, New York, and Texas. Here are your hosts, Nasir Pasha and Matt Staub. NASIR: Welcome to Legally Sound Smart Business! Our episode locally here in Houston. Matt has joined me to talk about Goldman Sachs, right? Welcome to Houston! MATT: Thanks! It’s good to be here. I always like these in person. NASIR: I feel like I caught you off-guard. MATT: That’s fine. NASIR: Let’s start the podcast, by the way. We’re talking about Goldman Sachs – the return to office for them. Why Goldman Sachs? Well, they are a huge company. They have basically 40,000 employees worldwide. We wanted to talk about tracking them through the COVID response going back all the way to 2020 – February to March of that year – they started locking down through today where now they have more than 65 percent of their workforce back in the office. MATT: You’ll give up the ending to this podcast already, but… NASIR: That’s true. Well, we’re done, right? MATT: Yes. The big reason is their CEO – David Solomon – was pretty well-documented and took a big stance in getting people back in the office quicker than most companies out there, particularly on Wall Street. NASIR: Yes. In fact, depending upon who you ask, some would say he was actually leading that charge and a visionary in that respect. Others would say that he was being too aggressive. Another interesting thing about Goldman Sachs is that, on one hand, they have been on lists of some of the best places to work. One of the reasons is they have huge high-compensation packages for a lot of their employees. On the other hand, they are also criticized for being unethical. You have people complaining about 100-hour workweeks and things like that. Goldman Sachs in its nature is in the forefront of a lot of different issues – employment issues, especially, but also regulatory and these kinds of things as well. MATT: It’s not surprising that their CEO took this bold stance in getting people to go back to work quicker than some companies that haven’t come back to work – a good amount of them. NASIR: Yes, and everyone has heard in the news. We’re talking about companies like Google and Facebook or Meta. I don’t think Meta are coming back. MATT: A permanent option. NASIR: There have been others like Spotify and so forth. Especially a lot of the tech companies, they have made a permanent shift. That is something that Goldman Sachs has definitely not done. Frankly, depending upon the company, the industry, what states you are in. I know we have talked plenty of times about when we are dealing with clients in California versus Texas. It’s just such a different paradigm. That’s really shone itself during COVID because the conversations that you and I were having with California clients about the workforce and COVID was like, “What are some of the things that we can do to make it more comfortable for them to go home to work?...

2356 232