Why a five-day return to office is unlikely, Stanford economist says
https://www.cnbc.com/2024/06/06/why-a-five-day-return-to-office-is-unlikely-stanford-economist-says.html
by lurker_bee
Why a five-day return to office is unlikely, Stanford economist says
https://www.cnbc.com/2024/06/06/why-a-five-day-return-to-office-is-unlikely-stanford-economist-says.html
by lurker_bee
2 comments
>The big upside is it reduces employee turnover rate by about a third. That’s because workers value remote work, so they tend to quit less often, Bloom said.
Which is why RTO mandates are the preferred methods of cutting the workforce without having to pay severance packages or unemployment benefits.
>However, a January study from the University of Pittsburgh found that large U.S. companies imposing return-to-office mandates [did so in order to](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4675401) “scapegoat” remote work for poor company performance — not because working full-time in the office boosted the firm’s values.
Duh.
In this economy?