Not a HON fan and left last fall for a new job. I advise others to do so as well.
BUT, I can say that by the time I left, the productivity and especially the creativity and involvement of my team there and many others I interacted had dropped considerably – very considerably. There was a bounce at first but by end of summer, there were bad signs everywhere. It was cheaper, but crossing the line into ineffectiveness.
Many companies are finding this to be the case, not just HON. The "we're remote from now on" bandwagon has shrunk notably and many companies are leaning to more hybrid policies, especially regarding employees who live too far away to feasibly come to the office several days a week or a month as needed. It really depends on the type of work.
Also, companies are starting to implement salary differentials for people who decided they could live like a prince on their city salary somewhere out in the boondocks. That, my friends, won't last. No one is going to pay you a salary out of alignment geographically for very much longer. HR and Legal departments all over are working on policies around this now as part of their new hybrid strategies, so... be forewarned.
Top talent can always dictate more of its own terms but the truth is, HON doesn't really recruit or certainly not keep top talent for very long on the off chance they actually convince (trick?) a top talent to go work for them. When they do, people deemed crucial (or boss favorites) have always had much more unwritten flexibility (much to the annoyance of everyone else, I am sure).
HON needs to change its stupid No WFH policy to be more flexible and like other companies evolve a hybrid strategy, but I wouldn't expect a strong bounce to complete WFH and personally I would not blame them if they don't.