No, return-to-office mandates don’t help companies make more money, study finds
New research shows that return-to-office mandates don’t play any role in a company’s financial performance, but do have negative side effects for its workforce.
https://www.boston.com/news/business/2024/01/24/no-return-to-office-mandates-dont-help-companies-make-more-money-study-finds/
Schwab RTO is not a policy, it's a staffing tool. Don't want to look even worse in the media than you already do? Don't want to pay severance packages? Then slowly squeeze your workforce into wanting to quit and forgo severance. There will be a huge wave of people that quit after the bonus is paid in March, and our mentally challenged EC will reconfigure the policy somewhat. They will NOT reverse it entirely, they are far too arrogant to ever admit they were wrong, but I imagine we might get an additional WFH week or slightly more flexibility on one off instances. I for one, do not intend on waiting around to find out.
RTO is about senior leaders clamping down on employee benefits, morale and work life balance. It's about control and it always has been
You can't fool tens of thousands of employees who work spread out all over the country that joining the same remote teams meetings from a nasty 4×4 cube surrounded by loud people you don't work with is more engaging and collaborative than what they were doing from home for the past four years
It's about control and justifying your terrible corporate real estate decisions
It is 100% about control not results
Paying for office space and requiring employees to sit in it is an investment for making sure employees don't feel like they have control. If remote became the standard, a disgruntled employee could apply to any other company in the nation without needing to move or be shackled to an area and therefore their employer in the area.
According to Wall St. analysts, just paying for all the snacks handed out to employees in office every afternoon is a significant impact to the bottom line.
This isn’t new or unknown… this is bigger than RTO.