The pandemic has led to a daily barrage of stories claiming the five-day work week is dead. Young workers love wearing sweats, sitting on Zoom calls all day, and are petrified of cubicles is the new message for corporate America.
Don’t put Morgan Stanley CEO James Gorman in that group. He spoke at the Australian Financial Review Business Summit in Sydney, and his message was very clean. He said workers who want to continue to stay at home instead of getting back to a work environment at an office are in “Jobland,” and they need to shift their thinking and get into “Careerland.”
“A lot of us have gone into the mindset of ‘Jobland.’ Well, if you’re in ‘Careerland,’ you need to be around other people to learn from them a bit.”
Gorman was the exec that said last year that he would be “very disappointed” if his bankers were not back in the office by Labor Day of 2021. “I was wrong on this,” he said after Omicron hit.
Gorman made a great point that he believes people stuck in the “Great Resignation” of constantly looking to find better jobs instead of working hard on their career could be in for a rude awakening. “At the end of the day, people have to work somewhere,” Gorman said. “If the economy turns south a little bit, I think you’ll see much less job mobility than in the last 12 months.”
He said his company has seen few defections and has received half a million job applications in 2021.
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