Office mandates don’t help companies make more money, study finds
Office mandates don’t help companies make more money, study finds

Office mandates don’t help companies make more money, study finds

Office mandates don’t help companies make more money, study finds::Three years after the coronavirus pandemic sent people to work from home in record numbers, U.S. employers are still struggling to get people back to the office.
Companies likely lose money with more workers in the office. More electricity, more water, more supplies. More unhappy employees, more tired employees, more good employees looking elsewhere for WFH jobs.
Probably sunk cost fallacy with the lease. Building is paid for, why not use it and also be better able to micromanage your drones?
In many cases they don't even own the building!
The implication is that when those leases come up over the next few years, office space will be cleared out, and we'll see companies give up on return to office mandates. We'll have a glut of commercial real estate to rezone and convert into residential apartments (either total rebuild or remodeling the existing space, depending on the building). Work from home should settle into a constant rate, perhaps even slowly growing as more workers come to expect it.
I see so many light thinkers arguing that this is all about real estate. Jesus fuck.
It's also to do with the fact that most research looks at company profit. But if you follow the paper trails, most of the high level managers that insist on return to office are investors on commercial real state ventures and/or funds that invest in these downtowns and office spaces. It's bad for the company, but it's good for their personal wallets. The authoritarian high is a plus.
But management makes all the decisions and having everyone physically accessible to their need for control makes them feel better.
Yep. I'm all about denouncing profit motive, but authoritarian motive is probably the worse force.