RTO doesn’t improve company value, but does make employees miserable: Study
RTO doesn’t improve company value, but does make employees miserable: Study
Data is consistent with bosses using RTO to reassert control and scapegoat workers.
RTO would make me go on medical leave for a couple years. Then on unemployment for a couple years. Then work for a bit. Repeat if necessary until retirement.
Probably belongs in the "local observations" thread but all of the employers in my area (Midwestern USA) are doing at least partial RTO -- it started midway through 2022 and picked up momentum since. Obviously SWE can easily be done from home with digital meetings, and so it's just a lot of time and energy wasted commuting. I could see 1x/2 weeks for a sprint meeting or something but the way they are doing this is just absurd. It's all to shore up control and their CRE which will collapse anyway.
All of which goes to clarify the fact that, pay aside, corporations are really just not the place to be when it comes to innovation or forward thinking.
I've been applying to some jobs and the remote jobs are getting so many applications while the Hybrid/on-site in my area are not. Obviously the talent pool is larger for the remote jobs, and that means better candidates.
Kinda crazy that people are picking worse candidates they can see every day over better candidate further away.
The bosses just love watching the slaves bent over the oars, don't they?
This is the best summary I could come up with:
When the acute aspects of the pandemic receded, some who at first struggled began to settle into a work-from-home (WFH) groove and appreciated the newfound flexibility.
Many made the argument that the return-to-office (RTO) policies and mandates were better for their companies; workers are more productive at the office, and face-to-face interactions promote collaboration, many suggested.
Overall, the analysis, released as a pre-print, found that RTO mandates did not improve a firm's financial metrics, but they did decrease employee satisfaction.
Drilling down, the data indicated that RTO mandates were linked to firms with male CEOs who had greater power in the company.
Although CEOs often justified RTO mandates by arguing it will improve the company's performance, "Results of our determinant analyses are consistent with managers using RTO mandates to reassert control over employees and blame employees as a scapegoat for bad firm performance," the researchers concluded.
Specifically, after an RTO mandate, employees' ratings significantly declined on overall job satisfaction, work-life balance, senior management, and corporate culture.
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