The Uneven Odds for Promotions With Hybrid Work
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,634,647 (-0.13%)       Melbourne $1,014,731 (+0.07%)       Brisbane $1,039,137 (-0.36%)       Adelaide $946,102 (+1.11%)       Perth $923,113 (+0.00%)       Hobart $749,205 (-0.26%)       Darwin $765,670 (+0.77%)       Canberra $969,848 (-0.24%)       National $1,071,435 (+0.00%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $758,834 (-0.41%)       Melbourne $487,148 (-0.17%)       Brisbane $653,985 (-0.35%)       Adelaide $489,117 (+0.05%)       Perth $515,967 (+2.54%)       Hobart $536,451 (-0.17%)       Darwin $393,381 (-0.30%)       Canberra $502,832 (-0.14%)       National $562,892 (-0.01%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 8,884 (+55)       Melbourne 12,619 (-146)       Brisbane 7,202 (+7)       Adelaide 2,094 (-28)       Perth 7,246 (-121)       Hobart 1,177 (-5)       Darwin 180 (-6)       Canberra 935 (0)       National 40,337 (-244)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 7,552 (-28)       Melbourne 7,416 (-124)       Brisbane 1,405 (-19)       Adelaide 335 (-10)       Perth 1,635 (-17)       Hobart 211 (-4)       Darwin 270 (-2)       Canberra 1,088 (-3)       National 19,912 (-207)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $790 ($0)       Melbourne $590 ($0)       Brisbane $650 ($0)       Adelaide $620 ($0)       Perth $680 (+$3)       Hobart $550 ($0)       Darwin $780 (-$10)       Canberra $690 (+$10)       National $678 (-$)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $580 (+$5)       Brisbane $650 ($0)       Adelaide $500 ($0)       Perth $650 ($0)       Hobart $463 (+$13)       Darwin $590 ($0)       Canberra $580 ($0)       National $607 (+$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,170 (+108)       Melbourne 7,721 (+258)       Brisbane 4,198 (+175)       Adelaide 1,437 (+53)       Perth 2,145 (+88)       Hobart 223 (+20)       Darwin 138 (+3)       Canberra 618 (+18)       National 22,650 (+723)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,392 (+146)       Melbourne 7,383 (+273)       Brisbane 2,399 (+176)       Adelaide 348 (+13)       Perth 521 (+51)       Hobart 92 (+16)       Darwin 247 (+4)       Canberra 679 (+19)       National 22,061 (+698)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.51% (↑)        Melbourne 3.02% (↓)     Brisbane 3.25% (↑)        Adelaide 3.41% (↓)     Perth 3.83% (↑)      Hobart 3.82% (↑)        Darwin 5.30% (↓)     Canberra 3.70% (↑)        National 3.29% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.14% (↑)      Melbourne 6.19% (↑)      Brisbane 5.17% (↑)        Adelaide 5.32% (↓)       Perth 6.55% (↓)     Hobart 4.48% (↑)      Darwin 7.80% (↑)      Canberra 6.00% (↑)      National 5.61% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 2.0% (↑)      Melbourne 1.9% (↑)      Brisbane 1.4% (↑)      Adelaide 1.3% (↑)      Perth 1.2% (↑)      Hobart 1.0% (↑)      Darwin 1.6% (↑)      Canberra 2.7% (↑)      National 1.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.4% (↑)      Melbourne 3.8% (↑)      Brisbane 2.0% (↑)      Adelaide 1.1% (↑)      Perth 0.9% (↑)      Hobart 1.4% (↑)      Darwin 2.8% (↑)      Canberra 2.9% (↑)      National 2.2% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 33.7 (↑)      Melbourne 32.8 (↑)      Brisbane 33.8 (↑)      Adelaide 27.5 (↑)      Perth 38.4 (↑)      Hobart 31.5 (↑)      Darwin 47.8 (↑)      Canberra 34.3 (↑)      National 35.0 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 36.1 (↑)      Melbourne 33.5 (↑)      Brisbane 33.1 (↑)      Adelaide 26.5 (↑)      Perth 40.9 (↑)      Hobart 35.9 (↑)        Darwin 33.3 (↓)     Canberra 41.3 (↑)      National 35.1 (↑)            
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The Uneven Odds for Promotions With Hybrid Work

Those who prefer—or need—to work from home may find co-workers in the office benefiting more.

By RACHEL FEINTZEIG
Tue, Jul 13, 2021 1:55pmGrey Clock 5 min

The playing field at work is shifting.

For more than a year, remote employees at many firms were in good company: Everyone was at home. Now, some colleagues are returning to the office five days a week. Others are testing out a hybrid schedule, or opting not to go back at all. If you’re the one leaning into flexibility, how do you make sure you’re not unintentionally leaning out of your career? And what happens if certain subsets of the workforce, like mothers, are less likely to return to the office?

“During the pandemic it was, ‘You’re forced to work from home,’ ” says Brian Kropp, who leads human-resources research at Gartner. “Now you’re choosing to work from home. You’re choosing not to be here.”

Many of us have been dutifully plugging away from home, trading time in transit for longer work hours, office coffee breaks for boosted productivity.

But the boss might not see it that way. Managers consistently label in-office workers higher performers and give them bigger raises and promotions, Mr. Kropp says, even though data shows there’s really no difference between the two groups. If anything, remote workers perform slightly better and are more engaged, he says.

A January Gartner survey of 4,258 employees found that 43% of remote workers and 49% of hybrid workers were highly engaged, compared with 35% of on-site workers. Still, many bosses assume off-site employees are doing less.

“There’s still this belief that a lot of senior leaders have which is, ‘I want them in person,’ ” Mr. Kropp says. “It’s not founded in science or data. It’s all founded in personal belief and personal experience.”

Nearly 60% of 581 professionals surveyed by search firm Korn Ferry in April said that it would hurt their career advancement if they admitted to the boss they’d rather keep working remotely.

But given the choice, many employees still want to—especially parents. A McKinsey & Co. survey, conducted in December and January with 5,043 employees, found that employees without children under 18 were nearly three times as likely to prefer on-site work. A January survey from Gartner found some differences by gender, too: 26% of female caretakers preferred to be fully remote, compared with 18% of male caretakers.

Bosses favoring office workers could stall career growth for parents, especially mothers.

“Without intervention, what’s likely to happen is those gender wage gaps are likely to get worse, not better,” Mr. Kropp says. A missed promotion and raise now can snowball in a few years. Companies should start analyzing compensation of home workers and office workers the same way many now examine pay by gender, Mr. Kropp says, to ensure disparities don’t emerge or widen.

Lisa Ervin initially thought increased flexibility sparked by the pandemic would be good for young working mothers, who might be less likely to drop out of the workforce if they could be home when their kids got off the bus or throw in a load of laundry during their lunch break. (Women tend to carry more of the household burden than men.) But now Ms. Ervin, the senior manager of total rewards for an animal-nutrition company in the St. Louis area, worries women might find themselves unable to climb in organizations if everyone else is heading back to the office.

“Are they collaborating without her?” she wonders about her daughter-in-law and other young moms working remotely. “Are they really going to have a video call every time they need to meet and discuss things?”

Some working parents of both genders told me they know going remote is a risk—and they’re OK with that. Jessamyn Edwards, a product designer with a tech company, described moving from a cramped two-bedroom apartment in Mountain View, Calif., last March to a house in rural Spring Grove, Va., as a revelation. She can easily breast-feed her youngest daughter during the day, and is close to her parents and nature. She took our call outside, noting when a snake slithered past.

“I know the remote part isn’t going to help me, but I’m willing to sacrifice it right now,” she says.

The 43-year-old has adjusted her work style to try to make up for the fact that she’s now across the country. She likens herself to a court transcriptionist, recording every scrap of feedback and stray action item during meetings. A meticulous labelling and filing system ensures nothing falls through the cracks.

“I want them to feel that reassurance that I’m not just off doing whatever,” she says. “I’m somebody you can count on.”

Joy Lin, a career coach based in Los Angeles, says remote workers must be more direct about their career goals and accomplishments, since bosses aren’t just going to pick up on those things by osmosis from the next desk over. Don’t gloat, but don’t be shy about mentioning the obstacles you overcame to persevere with a project.

“You become known as a problem-solver,” she says.

Some companies are testing out initiatives aimed at keeping everyone equal. Citrix, which makes software for remote work, has long offered some employees location flexibility. But being remote came with disadvantages, says Traci Palmer, the company’s vice president of people and organization capability.

“Those individuals who were remote, they’d be left out of sidebar conversations,” she says. “Meeting’s over and by the way, they keep talking, and decisions are made.”

She would know. After moving to Reno, Nev., to help care for her mother a few years ago, Ms. Palmer found herself unable to get a word in during a virtual meeting with staffers at the firm’s Fort Lauderdale, Fla., headquarters. She also noticed that remote employees were often skipped over when it came time to assign big new projects.

“The thought is, ‘Oh, they’re remote. I’m not sure they’re going to be able to do that, since they can’t be in person,’ ” she says.

As Citrix transitions to a hybrid model this summer, it’s rolling out an internal application that teams will use to set rules around things like decision-making and meeting etiquette. The hope is that workers will build team contracts—everyone has to sign off on the agreements—that put remote and in-person workers on equal footing.

For example, the company’s Costa Rica-based customer-service team, which piloted the app this spring, opted to always begin meetings by calling on remote participants first to ensure they have a chance to speak. Other groups might require all employees to turn on their own camera for meetings, even if some folks are in a conference room together.

The goal is to avoid regressing to pre-pandemic norms, Ms. Palmer says.

“How are we going to make sure everyone has a voice?” she asks. “For once in our life we were all equal.”

Level Up

How remote employees can make sure they’re not forgotten—and how bosses can keep things equal, according to career and human resources experts.

Tips for remote workers

Establish an in-office ally on your team, someone who will remind the group to dial you in when impromptu decisions start being made.

Stay in the flow. Catch up with colleagues and keep your boss abreast of your agenda and accomplishments.

If you’re interviewing for a new job and want to work remotely, ask which senior leaders work from home. That will give you a sense of whether the company really values flexible work, and what career paths are possible without coming into the office.

Tips for managers

Test out hybrid work yourself. You’ll build empathy for remote workers.

Analyze pay and promotions in your department to ensure you don’t have a gap between remote and in-office workers.

Let tech help you. Some companies are experimenting with covering meeting room walls with 36-inch screens, so everyone dialling in appears life-size.



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Israel Defies Expectations With Surge in Tech Funding Despite War

The 28% increase buoyed the country as it battled on several fronts but investment remains down from 2021

By Carrie Keller-Lynn
Tue, Jan 14, 2025 3 min

As the war against Hamas dragged into 2024, there were worries here that investment would dry up in Israel’s globally important technology sector, as much of the world became angry against the casualties in Gaza and recoiled at the unstable security situation.

In fact, a new survey found investment into Israeli technology startups grew 28% last year to $10.6 billion. The influx buoyed Israel’s economy and helped it maintain a war footing on several battlefronts.

The increase marks a turnaround for Israeli startups, which had experienced a decline in investments in 2023 to $8.3 billion, a drop blamed in part on an effort to overhaul the country’s judicial system and the initial shock of the Hamas-led Oct. 7, 2023 attack.

Tech investment in Israel remains depressed from years past. It is still just a third of the almost $30 billion in private investments raised in 2021, a peak after which Israel followed the U.S. into a funding market downturn.

Any increase in Israeli technology investment defied expectations though. The sector is responsible for 20% of Israel’s gross domestic product and about 10% of employment. It contributed directly to 2.2% of GDP growth in the first three quarters of the year, according to Startup Nation Central—without which Israel would have been on a negative growth trend, it said.

“If you asked me a year before if I expected those numbers, I wouldn’t have,” said Avi Hasson, head of Startup Nation Central, the Tel Aviv-based nonprofit that tracks tech investments and released the investment survey.

Israel’s tech sector is among the world’s largest technology hubs, especially for startups. It has remained one of the most stable parts of the Israeli economy during the 15-month long war, which has taxed the economy and slashed expectations for growth to a mere 0.5% in 2024.

Industry investors and analysts say the war stifled what could have been even stronger growth. The survey didn’t break out how much of 2024’s investment came from foreign sources and local funders.

“We have an extremely innovative and dynamic high tech sector which is still holding on,” said Karnit Flug, a former governor of the Bank of Israel and now a senior fellow at the Jerusalem-based Israel Democracy Institute, a think tank. “It has recovered somewhat since the start of the war, but not as much as one would hope.”

At the war’s outset, tens of thousands of Israel’s nearly 400,000 tech employees were called into reserve service and companies scrambled to realign operations as rockets from Gaza and Lebanon pounded the country. Even as operations normalized, foreign airlines overwhelmingly cut service to Israel, spooking investors and making it harder for Israelis to reach their customers abroad.

An explosion in negative global sentiment toward Israel introduced a new form of risk in doing business with Israeli companies. Global ratings firms lowered Israel’s credit rating over uncertainty caused by the war.

Israel’s government flooded money into the economy to stabilize it shortly after war broke out in October 2023. That expansionary fiscal policy, economists say, stemmed what was an initial economic contraction in the war’s first quarter and helped Israel regain its footing, but is now resulting in expected tax increases to foot the bill.

The 2024 boost was led by investments into Israeli cybersecurity companies, which captured about 40% of all private capital raised, despite representing only 7% of Israeli tech companies. Many of Israel’s tech workers have served in advanced military-technology units, where they can gain experience building products. Israeli tech products are sometimes tested on the battlefield. These factors have led to its cybersecurity companies being dominant in the global market, industry experts said.

The number of Israeli defense-tech companies active throughout 2024 doubled, although they contributed to a much smaller percentage of the overall growth in investments. This included some startups which pivoted to the area amid a surge in global demand spurred by the war in Ukraine and at home in Israel. Funding raised by Israeli defense-tech companies grew to $165 million in 2024, from $19 million the previous year.

“The fact that things are literally battlefield proven, and both the understanding of the customer as well as the ability to put it into use and to accelerate the progress of those technologies, is something that is unique to Israel,” said Hasson.

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