
I run a successful company and this is my brutal response to anyone who asks to work-from-home
Adam Schwab, co-founder and chief executive of Luxury Escapes, expects his workers to be in the office five days a week.
While many companies around Australia are embracing flexible work conditions as a perk that improves employee retention, Mr Schwab believes working from home is 'the worst thing ever'.
'It's hard to progress your career if you can't learn from other people. If people can't see you,' he told the Herald Sun.
'Unfortunately, getting promoted is often based on just who's in your proximity.'
Luxury Escapes has offices in Sydney, Melbourne, London and Singapore and has rapidly grown its team in the last six years.
Mr Schwab started the company in 2013 alongside his best friend from school, Jeremy Same.
The pair had run an accommodation business before and knew they wanted to focus on travel despite knowing next to nothing about the sector.
While Luxury Escapes did take a hit during the Covid lockdowns, Mr Schwab now has a team three times its pre-pandemic size.
His tech team alone grew from 30 in 2019 to 130 in 2025, while his total team went from 200 workers to 600.
The CEO claims his employee retention rate is exceptionally high, with less than 10 per cent of workers leaving annually.
This is in spite of the company not offering flexible working conditions.
'We are massive believers in working collaboratively with other people,' Mr Schwab said.
'If you'd rather work from home, maybe just work somewhere that does that. We're not for you.'
Instead of the ability to work from home, Mr Schwab has focused on building other employee perks at Luxury Escapes.
Those include a free breakfast and lunch in the office every day, onsite table tennis, a 20 per cent company discount, and referral and baby bonuses.
Australian Bureau of Statistics data found 36 per cent of Australians usually worked from home in August 2024.
The main reasons for remote working were to work more flexibly, followed by having a home-based job and lastly, to catch up on work after hours.
However, Mr Schwab wants his company to retain the ethic of a start-up with workers collaborating in person.
So, despite the company being 12 years old, he prefers to act as though it's still on 'day one'.
'We want our team to be super entrepreneurial. We love when people try something and make a mistake and get it wrong, but then learn from it,' Mr Schwab said.
'You miss 100 per cent of the shots you don't take.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Guardian
11 minutes ago
- The Guardian
‘Repeatedly outbid': readers share stories of housing despair as Australia's prices reach record highs again
Dozens of Guardian Australia readers have shared their experiences of trying to buy a home in a rising market, as fear-of-missing-out fervour takes hold. After a short reprieve, property prices have surged to record highs across large parts of Australia, making a family home even more unaffordable for prospective buyers. One Melbourne reader, a nurse, said she felt like cattle herded from one home open to the next. 'Multiple times I went to inspections of properties I liked, only to be told on the way out that there was already an offer of $30-50k over asking and if I was interested I needed to submit a better offer within a few hours,' said the reader, who eventually secured a property. 'The market was so competitive I felt really rushed into making a decision a lot of the time.' Auctions are heating up across the country, with six straight weeks of preliminary clearance rates holding above 70%, according to Cotality data, in a clear sign sellers are in control. Clearance rates refer to the percentage of properties sold at auction compared with the total number of properties listed to go under the hammer, with results above 70% viewed as an indicator of strong buying demand. Bidding is expected to become even more fierce amid expectations of further interest rate cuts and an enduring lack of supply of homes. Property prices in Sydney, Brisbane, Adelaide and Perth are at peak levels, while Melbourne, Canberra and Hobart are also rising. A reader in Western Australia's south-west said she and her partner bought far from their family and friends in Perth 'not because we were seeking a lifestyle change but because we simply couldn't compete in the city or suburbs any more. 'We went to countless inspections and put in offer after offer, but were repeatedly outbid, ignored by real estate agents or told homes were under offer before we'd even had a chance,' the reader said. 'At the same time, we were grappling with housing instability, facing no-ground evictions and repeated rent increases.' The couple aged in their early 30s are now so financially stretched with their new mortgage they've made the decision not to have children. 'We simply can't afford to raise a family,' the reader said. 'That's not something we ever imagined we'd have to sacrifice, but this housing crisis has forced people like us to choose between stability and the future we once hoped for.' Many readers commented on the presence of investors bidding up prices at auctions. Over the past five years, investors have increased their share of new home loans from 28% to 37%, according to Australian Bureau of Statistics data. One Canberra resident said she wanted to buy a home to provide stability for her family after moving between rentals eight times in nine years. The public servant went to two auctions where the same investor bid up prices, with his teenage son filming. Sign up for Guardian Australia's breaking news email 'I saw the same guy at an open house for the house we purchased and gave him a filthy look of recognition,' said the reader, who was pleased the investor didn't lodge a bid for her eventual home. A Melbourne reader said while it wasn't always possible to identify who he was bidding against, 'it was always obvious at auctions who were the first home buyers as they bowed out first'. Most market watchers attribute the growing influence of investors to favourable tax settings, including the Howard-era decision to halve the rate of capital gains tax. Those settings are particularly helpful to investors when many prospective first home buyers are being priced out of the market. Australia's intense housing problem, whereby Sydney, Adelaide, Melbourne and Brisbane are all in the top 10 least affordable global cities, has a knock-on effect across society, with foster care agencies reporting a fall in the number of applicants given many people can't afford the time and don't have the spare room to be a carer. Some readers have turned to 'rent-vesting', a strategy of renting a home to live in while buying a more affordable property elsewhere, in the hope that capital growth will pay for a future deposit. A Sydney reader said he and his wife tried to buy a home for 15 years. 'The most frustrating thing was watching our rent, continuously being raised, go to pay someone else's mortgage,' he said. 'We had to become part of the problem to beat the system. We had to rentvest for five years to accumulate enough equity to pay for our own home.'


The Guardian
11 minutes ago
- The Guardian
Jamie George full of pride in Lions return despite ‘midweek massive' role
There are plenty of reasons to question the British & Irish Lions' clash with a First Nations & Pasifika XV on Tuesday. To wonder what the point of it is, sandwiched between the first two Tests. That the Lions have shipped in five players specifically to keep their frontline stars wrapped in cotton wool suggests it is little more than an inconvenience to the tourists. Then you listen to Jamie George explain what it means to him to represent the Lions again and it immediately changes your perception. Bin juice has never tasted so good. It took George 47 hours to make the journey from San Juan, not far from the Andes in Argentina, where he was preparing to represent England against the Pumas, to Brisbane to join up with the Lions before the first Test. Devastated at missing out on the initial squad, George jumped at the chance to come in as cover for Luke Cowan-Dickie, who is still recovering from concussion. A flight to Buenos Aires was followed by another to Rio de Janeiro, another to Dubai and then on to Brisbane. 'I gave the world a good lap,' he says, explaining that the gangster series Mobland and 'some pretty horrific moves' including the Kevin Costner golf classic Tin Cup kept him busy while sticking to a strict sleep regime prescribed by the Lions. George Jamie Osborne – cover for Garry Ringrose – as well as Thomas Clarkson, Darcy Graham, Ewan Ashman, Gregor Brown and Rory Sutherland all make the squad for Tuesday's fixture, along with Blair Kinghorn who returns after a knee injury. Andy Farrell insists he is keeping an open mind when it comes to selection for the second Test but in reality only Kinghorn and Ringrose, who is on the bench, have a realistic shot at making the XV. Owen Farrell is captain and he could conceivably make the 23, as could George. On the whole, however, those selected are the dirt-trackers, the bin juice or the midweek massive. For his part, George is determined to make the most of his second chance on his third Lions tour. A cancelled flight delayed the arrival of his father, Ian, whose presence in Melbourne gives the fixture extra meaning to George. He lost his mother, Jane, to cancer last year and George cites having his parents on the 2017 tour of New Zealand as one of his happiest memories. 'My old man is on the way,' said George. 'Obviously it's sad that my mum is not going to be able to be here but being able to do stuff like this for people like my old man, giving him the opportunity to travel around Australia, to watch his son play for the Lions. That's the special bit about what I do and it's my biggest motivation about why I do what I do. 'It's emotional to be back out there because I never thought this opportunity was going to come, however many weeks ago the squad was announced and I was heartbroken and now I've got the opportunity to pull the jersey on again and it might be the last time, it might not be. But I'll try to put my best foot forward and play like it's the last time and when I do it like that I want to make people proud, I want to do the jersey proud and do everything I possibly can to win in a Lions jersey because I think international selection is one thing but winning as a Lions is different so that's what I'm here to do. 'It's absolutely about gathering momentum for the boys in the Test team and giving them confidence in terms of what they see from us. Of course it's an amazing opportunity to put your name forward for Test selection. That's the way that people have got to see it.' Sign up to The Breakdown The latest rugby union news and analysis, plus all the week's action reviewed after newsletter promotion George is a huge cricket fan and so the significance of the Lions playing the second Test at the MCG is not lost on him. The 34-year-old hooker admits that attending a Boxing Day Test is 'bucket list' and did not rule out leading a 'sprinkler' celebration, as Graeme Swann did when England retained the Ashes in the 2010-11 contest in Melbourne. 'What a great shout that is,' he added. 'I see myself as a sort of Graeme Swann figure. Similar characters, both talented blokes. It could happen, yeah, who knows. Bucket list stuff for me is watching the Boxing Day Test there. I'd be getting stuck in once I've retired. In the Barmy Army, 100%, I'd be in the mix, shirt off, I'd have anywhere between 15 and 20 pints. A tattoo of Joe Root on one arm, Ben Stokes on the other. 'How good is it going to be? 100,000 people at the MCG. I thought the atmosphere was good at the weekend but from experience it just goes like that [upwards] in the second and third Tests.'


The Guardian
11 minutes ago
- The Guardian
Labor's Hecs reduction bill not the fairest way to relieve student debt, economists say
Cutting student loans by a flat $5,500 would be a fairer and more effective way of providing relief than Labor's promised 20% reduction to Hecs debts, a leading independent thinktank says. Anthony Albanese will introduce legislation this week to deliver a key election commitment that helped secure his government a second term. The fairer deal for students bill will cut a fifth from the outstanding student debt of about 3 million Australians, or provide the equivalent of $16bn in total relief, according to the government. Sign up for Guardian Australia's breaking news email While the legislation is not expected to attract any opposition in Canberra, some experts remain critical. Jack Buckley and Matthew Maltman, economists at the e61 Institute, looked at a 20% cut to student debts in 2012 as a way to assess the potential impact of Labor's plan in 2025. Maltman and Buckley found that half of the benefits went to those who were in the top third of all income earners a decade later. Unsurprisingly, the biggest winners were medicine, law and dentistry graduates, who received an average of $10,000 in debt relief. In contrast, recent teaching and nursing graduates would have only received $3,000 to $4,000. They also found that timing was also a crucial factor in determining the biggest beneficiaries. Someone finishing studies a year before the hypothetical 2012 debt relief received on average twice as much relief as somebody who graduated in 2007, and two-and-a-half times more than somebody who graduated in 2016. Maltman and Buckley's final finding was that 80% of Australians with student debt would not have paid off their loans any sooner. While they recogniseit is 'unrealistic' to expect the government to alter its legislation, they said 'a small tweak' to a flat $5,500 reduction to student loans would 'have the same overall effect on the debt burden of young Australians'. 'But it would help each former student with an outstanding Help debt the same amount, regardless of whether they studied law or teaching. Or whether they graduated in 2023, in 2025 or will graduate in 2027.' Andrew Norton, a professor of higher education policy at Monash University, said Labor's policy provided a 'windfall' for those with student loans as at 1 June, and that it treated the symptom rather than the cause of graduates' increasingly unaffordable debt obligation. 'Clearly it helped them [Labor] win the election, and it will sail through the parliament. But it is a very expensive and poorly targeted program which delivers huge benefits to those with high debt, while delivering nothing to those starting next year and those who finished earlier,' Norton said. Sign up to Breaking News Australia Get the most important news as it breaks after newsletter promotion 'The question is whether that money could be spent on higher return policies. I would have thought dealing with the student contributions issue is more urgent for people still acquiring debt.' The job-ready graduates scheme, introduced in 2021, was designed to push more students into disciplines that would drive the 'jobs of the future', by lowering the cost of degrees in courses such as computer programming and engineering. The flipside was that it raised the cost of courses deemed less worthy by the then-Coalition government, led by Scott Morrison, and resulted in more than doubling fees for some degrees, such as humanities. A University of Melbourne study in late 2023, however, found that the fee changes affected the enrolment decisions of only 1.5% of students, suggesting that the policy had failed to drive the behavioural shift it was designed to achieve. Norton said breaking the previous link between course fees and future earning capacity for graduates in those fields has left many young Australians saddled with large debts they will struggle to ever pay off. He said the Coalition changes were 'clearly a policy mistake'. 'Clearly there is an issue here with the job-ready graduates scheme, particularly in humanities, where many will never finish paying off their debt.' The Albanese government has tasked the newly created Australian Tertiary Education Commission as an independent body to create a 'better and fairer' system that is expected to unwind the Coalition's 2021 changes. 'My concern about that it will be 2027 at the earliest before that happens, and by that time we will have had whole cohorts with their art degrees with large debts,' Norton said.