Office mandates don’t help companies make more money, study finds::Three years after the coronavirus pandemic sent people to work from home in record numbers, U.S. employers are still struggling to get people back to the office.
Office mandates don’t help companies make more money, study finds::Three years after the coronavirus pandemic sent people to work from home in record numbers, U.S. employers are still struggling to get people back to the office.
Companies likely lose money with more workers in the office. More electricity, more water, more supplies. More unhappy employees, more tired employees, more good employees looking elsewhere for WFH jobs.
Probably sunk cost fallacy with the lease. Building is paid for, why not use it and also be better able to micromanage your drones?
In many cases they don’t even own the building!
I see so many light thinkers arguing that this is all about real estate. Jesus fuck.
As a manager, I can tell you it’s not about management. None of us asked for return to office. In fact the vast majority of managers at my company have been pushing back hard, which is the only way we got a hybrid schedule. It really comes down to being all about real estate, local taxes, optics, C-levels stuck in the old ways of doing things and wanting to return to “the good old days”.
I don’t give a crap where my employees are working as long as they get shit done and can reply during business hours when shit hits the fan.
Management are just a bunch of pawns. I write this as a manager. It’s about the assholes at the top wanting to control other people’s lives.
They are holding bags that they want to get rid of before they need to accept the capital losses after assuming office real estate would be a sure bet and then the world changed in March 2020.
Enlighten us then, keeper of secret wisdom.
Fucking look up “sunk cost fallacy”.
Yup. I’m content with my usage. You want to elaborate and contribute or keep vagueposting?
It’s also to do with the fact that most research looks at company profit. But if you follow the paper trails, most of the high level managers that insist on return to office are investors on commercial real state ventures and/or funds that invest in these downtowns and office spaces. It’s bad for the company, but it’s good for their personal wallets. The authoritarian high is a plus.
But management makes all the decisions and having everyone physically accessible to their need for control makes them feel better.