this post was submitted on 09 Jan 2024

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The data is in: RTO policies don't improve employee performance or company value, but controlling bosses don't care (www.businessinsider.com)

submitted 10 months ago by MicroWave to c/news

54 comments fedilink hide all child comments

Billionaire CEOs were quick to sing the praises of working from home at the start of the pandemic, calling it the way of the future — but over the last three years, they've slowly changed their tune.

Late last year, Forbes reported that 90% of companies will return to the office in 2024, with 28% threatening to fire workers who don't comply.

But it turns out that the motivations for calling workers back to the office may have less to do with employee productivity or profit margins and everything to do with catering to the egos of controlling managers who want their workers back, according to a recent study published by researchers at the University of Pittsburgh.

Mark Ma, an associate professor of business administration from Pitt's Katz Graduate School of Business, who led the study, told BI he started the research hoping to understand why some S&P 500 firms want employees to return to the office while other firms avoid calling them back.

...

"One of the most common arguments management suggests is that they want to return to office because employee productivity is low at home, and they believe returns to office would help firms improve performance and ultimately improve the firm's value," Ma told BI. "That's the reason they give — but our results actually do not support these arguments."

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[–] TangledHyphae 28 points 10 months ago (1 children)

If you look around, fast food places and Pepsico and everyone price gouging, it's a race to the bottom for a last cash-grab before what appears to be an inevitable recession -- brought on by some of these same conglomerates. Mass layoffs (tech sector over 250k layoffs last year across the board), among inflation just murdering people's wallets. Credit card debt is over 1 trillion now, people are "surviving" off of high interest debt to maintain life at this point, but it's not sustainable at current rates.

[–] Nudding 25 points 10 months ago (2 children)

We are witnessing companies engage in late stage capitalist practices because we are in late stage capitalism. Unfortunately I don't see us flipping to socialism, so Imo were heading towards recession, depression, and collapse, all while the climate continues to fuck us.

[–] zzzz 24 points 10 months ago (1 children)

all while the climate continues to fuck us.

To be fair, I believe the consensus is that we fucked the climate first.

[–] Nudding 14 points 10 months ago (1 children)

Climate 2: Fuck of Revenge

[–] MeatPilot 2 points 10 months ago* (last edited 10 months ago)

Climate change is a power bottom.

We thought we were the dom in the relationship and all the sudden the climate just handcuffed us to the bed post and jammed a cold hard unlubricated steel butt plug up our ass and gave us a golden shower without telling us the safe word to stop it.