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https://finance.yahoo.com/news/ceos-secretly-plotting-against-hybrid-221009842.html "Roughly 64% of CEOs believe there will be a full return to office by 2026, according to a survey of more than 1,300 CEOs from the accounting and consulting firm KPMG. And just 7% of CEOs believe fully remote work will be the norm in the long term. “This sentiment underscores the persistence of traditional office-centric thinking among CEOs,” the KPMG report reads. “It comes against a backdrop of the debate surrounding hybrid working, which has had a largely positive impact on productivity over the past three years and has strong employee support, particularly among the younger generation of workers.”"
I don’t believe this will pan out for the following reasons: 1) remote work has grown steadily since it was first tracked in the 1960s 2) most new startups are remote. As these companies grow, so do the remote jobs 3)in big companies, there will almost always be some remote employees (field, sales, call center, legacy ones, etc.). This causes inequity in an era where companies are running on that platform. If even one person on the team is remote, it forces everyone to operate in such a manner as to support 4) good talent will always get what they want (to a degree). And so big companies will need to be conscious of it 5) asking someone with a spouse and kids to relo sounds so outdated when the company can’t offer any loyalty guarantees
I wish you are right! But it’s already happening with my employer.. they are closing branches in other states and forcing employees to relocate to ny.. relocate or leave.. just makes my blood boil! People have families and a life.. it’s so unfair.. but you are right.. good talent will always find other options!
Most new startups are in office now. Some big VCs came out against remote work a few months ago.
With how fast some of these "remote work is here to stay" or "we're now a remote first company" have reverted back to butts in seats...I don't doubt any of this .
Just hate this shit!! It’s pure capitalism and not giving a damn about employees! They just impose this stuff and we have to follow…. If they really care about employees as they claim why don’t they take a poll and see what employees want? Most people are waiting to jump ship when market gets better..
Newsflash: big companies don't give a shit about you or the majority of your coworkers. Never have, never will.... They care about themselves (and shareholders).
True! They are not even Bothering to pretend 🙂..
How does forcing RTO and paying for more real estate increase profit margins for share holders?
Ya I don’t get the Motivation to rto either! Like employers pay so much per employee if they renting out an office space..
That price per employee drops significantly more employees they cram in there...
They don't want people working multiple jobs or interviewing at other places easily without PTO
Good point! It’s very hard to do interview prep at work and after the commute u are too dead…
Prepping is difficult and also scheduling loops is way easier if you're remote. You can just block your calendar for a couple of hours and interview remotely without taking time off
What a great way to ensure that the talented people either go to start ups and SMEs, become contractors having sevral gigs at the top or start their own businesses.
Most of the CEO with their big mansions and comfortable life are disconnected from reality. The reason remote work boomed is because of lack of affordability to buy houses close to work. Rental and house prices have skyrocketed and yet income continues to lag behind. They don’t want to pay so how will people with family afford living there? These are exactly the same people who over-hired. Have access to government officials yet failed to understand the impact of high rates and inflation. Most of executives are incompetent and liars. RTO is a rich people problem created by them. As usual they will blame the rest.
💯
nasdaq said they were doubling down on hybrid work, 2 days a week in office. But lately seems like they are doing more to track office attendance and will eventually creep to full RTO in the coming months/weeks
In my company they track it every week and if you are sick you have to burn a sick day.. cannot even work from home if you are sick..
In the US we have capitalism. This means private companies can do whatever they deem necessary to increase their profits as long as it is legal. The thinking that the best talent will flee RTO is honestly ridiculous. Watch some new grad that’s been dying to get a decent job take your sweet spot in a heartbeat and likely perform better because they’re aware of the opportunity. WFH was a fluke from COVID. You can throw all the arguments you want but at the end of the day these “evil” corporations make moves based on market study and productivity reports. They must be seeing something you don’t. And maybe you are the exception and work amazingly well from home but that is likely not the norm.
Nah. Good talent is good talent. You think the Lakers are just going to casually say “we don’t care if we piss off Lebron, we’ll just get an eager rookie to take his place….” WFH has increased steadily for decades due to technology. It will continue. Don’t take a clickbait WSJ article and assume everyone is doing hard RTO. The data doesn’t support that. And you have to realize how productivity is calculated. Productivity is down because consumption is down from COVID. It’s not down because people aren’t working…
Also productivity down simply bc people were living thru a pandemic
samsung has almost done it in few teams , some other 4 days compulsory