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tl;dr:
Contrary to the belief that RTO boosts company value, the analysis revealed that RTO mandates are more likely in firms with poor recent stock performance and have had no significant impacts on firm profitability or stock-returns. Moreover, a notable drop in employee job satisfaction was observed, further questioning the efficacy of these mandates.
Here’s a link to the referenced paper if you don’t want to read Forbes. It’s a lot more savage:
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.
Interesting read, however, they did not demonstrate in the model that managers are using RTO mandates to blame employees as a scapegoat for bad firm performance. None.
Keep in mind: “management” will bring the cheapest workers back first.
The cheapest workers were deemed “essential” and never able to work from home in the first place.
Yeah I’m here to be coughed on during a pandemic with a 0¢ raise how can I help today, angry customer?
