The Uneven Odds for Promotions With Hybrid Work
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,666,984 (-0.52%)       Melbourne $1,025,140 (-0.29%)       Brisbane $1,079,790 (+0.21%)       Adelaide $987,421 (+0.48%)       Perth $959,727 (+1.13%)       Hobart $774,699 (-0.85%)       Darwin $821,142 (+4.72%)       Canberra $946,671 (-0.99%)       National $1,096,933 (+0.01%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $779,804 (-0.05%)       Melbourne $501,457 (-0.97%)       Brisbane $680,117 (+0.71%)       Adelaide $516,640 (-0.17%)       Perth $539,067 (+1.01%)       Hobart $528,172 (+0.12%)       Darwin $391,098 (+0.26%)       Canberra $495,303 (+3.15%)       National $576,956 (+0.40%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 12,076 (-85)       Melbourne 14,218 (-287)       Brisbane 8,085 (-106)       Adelaide 2,943 (+40)       Perth 7,410 (-63)       Hobart 1,202 (-4)       Darwin 165 (-4)       Canberra 1,087 (-18)       National 47,186 (-527)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,230 (-171)       Melbourne 7,611 (-611)       Brisbane 1,520 (-30)       Adelaide 404 (-17)       Hobart 212 (+1)       Hobart 215 (-13)       Darwin 287 (+2)       Canberra 1,186 (-1,198)       National 22,003 (-2,039)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $595 ($0)       Brisbane $650 ($0)       Adelaide $640 (+$10)       Perth $700 ($0)       Hobart $583 (+$3)       Darwin $720 (-$30)       Canberra $710 ($0)       National $681 (-$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $590 ($0)       Brisbane $650 (+$10)       Adelaide $550 (+$15)       Perth $665 (+$15)       Hobart $500 (+$18)       Darwin $550 (+$35)       Canberra $590 (+$5)       National $615 (+$10)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,732 (-16)       Melbourne 7,664 (+4)       Brisbane 3,892 (-6)       Adelaide 1,458 (-8)       Perth 2,305 (-13)       Hobart 236 (+7)       Darwin 76 (-1)       Canberra 465 (+5)       National 21,828 (-28)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,852 (-14)       Melbourne 5,484 (0)       Brisbane 1,900 (+20)       Adelaide 413 (-1)       Perth 778 (+6)       Hobart 90 (-8)       Darwin 86 (+7)       Canberra 544 (-22)       National 17,147 (-12)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.50% (↑)      Melbourne 3.02% (↑)        Brisbane 3.13% (↓)     Adelaide 3.37% (↑)        Perth 3.79% (↓)     Hobart 3.91% (↑)        Darwin 4.56% (↓)     Canberra 3.90% (↑)        National 3.23% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.00% (↑)      Melbourne 6.12% (↑)      Brisbane 4.97% (↑)      Adelaide 5.54% (↑)      Perth 6.41% (↑)      Hobart 4.92% (↑)      Darwin 7.31% (↑)        Canberra 6.19% (↓)     National 5.54% (↑)             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 33.9 (↑)        Melbourne 32.6 (↓)     Brisbane 35.9 (↑)      Adelaide 30.2 (↑)      Perth 41.5 (↑)      Hobart 37.1 (↑)        Darwin 23.7 (↓)     Canberra 35.3 (↑)      National 33.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 32.6 (↑)      Melbourne 32.8 (↑)        Brisbane 31.9 (↓)     Adelaide 29.3 (↑)      Perth 41.0 (↑)      Hobart 37.4 (↑)        Darwin 41.2 (↓)     Canberra 42.9 (↑)      National 36.1 (↑)            
Share Button

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.



MOST POPULAR

A rare slice of Sydney history, Coolabah blends Victorian grandeur with modern luxury in the heart of Greenwich; once home to Lane Cove’s first Lord Mayor and now listed with a $6.5m guide.

Bhutan is pioneering a new frontier in travel by allowing tourists to pay for flights, visas, hotels and even fruit stalls using cryptocurrency via Binance Pay.

Related Stories
Money
BHUTAN LAUNCHES WORLD-FIRST NATIONAL CRYPTO PAYMENT SYSTEM FOR TOURISM
By Jeni O'Dowd 14/05/2025
Money
9 Ways the Latest Rate Cuts Can Save You $10,000 a Year
By Helen Baker 06/05/2025
Money
Gold Is Beating Everything. How to Get a Piece of the Action
By JACK HOUGH 24/04/2025
BHUTAN LAUNCHES WORLD-FIRST NATIONAL CRYPTO PAYMENT SYSTEM FOR TOURISM

Bhutan is pioneering a new frontier in travel by allowing tourists to pay for flights, visas, hotels and even fruit stalls using cryptocurrency via Binance Pay.

By Jeni O'Dowd
Wed, May 14, 2025 2 min

Bhutan has become the first country in the world to implement a national-level cryptocurrency payment system for tourism, marking a major milestone in digital innovation and travel.

Launched in partnership with Binance Pay and Bhutan’s fully digital DK Bank, the system enables travellers with Binance accounts to enjoy a seamless, end-to-end crypto-powered journey. More than 100 local merchants, from hotels and tour operators to small roadside vendors in remote villages, are already live on the system.

“This is more than a payment solution — it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, Director of the Department of Tourism, Bhutan.

“It enables a seamless experience for travellers and empowers even small vendors in remote villages to participate in the tourism economy.”

Using supported cryptocurrencies, tourists can now pay for nearly every part of their trip, including airline tickets, visas, the Sustainable Development Fee (SDF), hotel stays, monument entry fees, local guides, and shopping, all through secure static and dynamic QR code payments.

Binance CEO Richard Teng praised the move, saying: “We are excited to partner with Bhutan as we are not only advancing the use of cryptocurrencies in travel but also setting a precedent for how technology can bridge cultures and economies. This initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences.”

Known as the “Kingdom of Happiness,” Bhutan has long prioritised Gross National Happiness over GDP, with a strong focus on sustainability, cultural preservation, and societal well-being. The new system aligns with these values by reducing payment friction and bringing financial inclusion to local communities.

Among the key features of the system:

  • Seamless Experience: Tourists can pay with crypto for all travel-related expenses.

  • Inclusive Reach: Small vendors, even in remote areas, can accept QR code payments.

  • Lower Fees: Transactions cost significantly less than traditional payment methods.

  • Comprehensive Support: More than 100 cryptocurrencies supported, including BNB, BTC, and USDC.

  • Secure and Instant: Real-time confirmations, 2FA, and encrypted transactions via the Binance app.

Behind the local settlement mechanism is DK Bank, Bhutan’s first fully digital bank. Licensed by the Royal Monetary Authority of Bhutan, it aims to deliver accessible financial services to all, including marginalised and unbanked communities.

The launch is being hailed as a bold step forward in integrating digital finance with global tourism — one that could set the benchmark for other nations looking to modernise the travel experience while empowering their local economies.

MOST POPULAR

Simon Cohen, one of Australia’s top luxury property buyers, discusses the growing appeal of family homes, the rise of technology in high-end properties, and the neighbourhoods to dominate Sydney’s ultra-luxury market this year.

Squeezed out by highballs and quality Japanese malts, the country’s sake breweries are trying to innovate to win back market share.

Related Stories
Property
Kurralta Village Sells for $75.2 Million in Major Adelaide Deal
By Jeni O'Dowd 06/05/2025
Property
‘The Devil Wears Prada’ Loft in Downtown Manhattan Listed for $8.5 Million
By CASEY FARMER 26/03/2025
Property of the Week
COASTAL DREAMING: A WORLD CLASS BEACH HOUSE UNVEILED
By Kirsten Craze 10/01/2025
0
    Your Cart
    Your cart is emptyReturn to Shop