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https://finance.yahoo.com/news/now-finding-damaging-results-mandated-095555463.html>
"We’re now finding out the damaging consequences of the mandated return to
office. And it’s not a pretty picture. A trio of compelling reports–the
Greenhouse Candidate Experience Report, the Federal Reserve’s Survey of
Household Economics and Decisionmaking (SHED), and Unispace's "Returning for
Good" report–collectively paint a stark picture of this brewing storm.
Unispace found that nearly half (42%) of companies with return-to-office
mandates witnessed a higher level of employee attrition than they had
anticipated. And almost a third (29%) of companies enforcing office returns are
struggling with recruitment. In other words, employers knew the mandates would
cause some attrition, but they weren’t ready for the serious problems that
would result.
Meanwhile, a staggering 76% of employees stand ready to jump ship if their
companies decide to pull the plug on flexible work schedules, according to the
Greenhouse report. Moreover, employees from historically underrepresented
groups are 22% more likely to consider other options if flexibility comes to an
end.
In the SHED survey, the gravity of this situation becomes more evident. The
survey equates the displeasure of shifting from a flexible work model to a
traditional one to that of experiencing a 2-3% pay cut."
Via Kenny Chaffin.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
