Friday, February 2, 2024

Return-to-office is corporate BS

I've worked in places where one or more managers were, it would be fair to say, rather on the neurotic and controlling side. So I can relate. Perhaps you can as well.
Your manager may suggest that returning to the office is imperative for the company’s success, workplace culture, and overall productivity. However, there’s a growing body of evidence suggesting that’s bullshit. New research out of the University of Pittsburgh examined 137 of America’s largest corporations and found that return-to-office mandates did not result in significant improvements to firm performance.

“Using a sample of S&P 500 firms, we examine determinants and consequences of U.S. firms’ return-to-office (RTO) mandates,” said researchers from the Katz Graduate School of Business at the University of Pittsburgh. The study found that managers use RTO mandates “to reassert control over employees and blame employees as a scapegoat,” and concluded that “we do not find significant changes in firm performance in terms of profitability and stock market valuation after the RTO mandates.” - Gizmodo

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