I think for the execs there’s comfort in what’s familiar. It will be the way it was before except [hotel desks|daily COVID tests|distancing|no visitors|whatever].
Full remote is more work for the line managers (IMO) to make sure everyone’s productive and happy, but as a manager I’m onboard with that as the benefits outweigh the costs.
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One of the biggest benefits as a hiring manager: I have a national labor pool to recruit from vs just those who will agree to move to whatever city the office is in.