RTO? More like gotta go!
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 December 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
New research shows that not only are back-to-the-office mandates unpopular with employees, they lead to more turnover and chase away the employees with the most skills. We’ll delve into the findings. Plus: when a job is quite literally a balancing act. As part of our ongoing “What’s That Like?” series exploring odd jobs, we hear from a Cirque du Soleil high wire performer.
Transcript
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| 0:00.0 | When companies say back to the office or else, many skilled people pick or else. |
| 0:07.5 | I'm David Brancaccio. Many bosses want people coming back into the office, some of it for team |
| 0:12.3 | building, some of it to weed out slackers, but many remote employees have set up their lives |
| 0:17.1 | around working from home and others want to keep putting wasted commuting time to |
| 0:21.0 | productive use. Now new research shows not only are back to the office mandates unpopular with |
| 0:26.5 | employees, they can chase away the people with the most skills. Marketplace's Henry Epp reports. |
| 0:32.3 | Telling workers they need to come back into the office five days a week has a lot of downsides, |
| 0:37.1 | says Lujina Abdel Wehette. |
| 0:38.9 | She studied data on return to office policies for Ravallio Labs. |
| 0:42.9 | It negatively affects hiring. It negatively affects attention and negatively affects workforce growth. |
| 0:50.1 | Companies requiring in-person work grew their head counts about 1% over two years, she found, |
| 0:55.6 | while hybrid or remote companies grew by 1.6%. |
| 0:59.3 | Mark Ma at the University of Pittsburgh says that's in part because when they're ordered |
| 1:03.6 | back to the office, many employees look for other jobs. |
| 1:07.0 | However, not everyone has other opportunities, and it is those most skilled employees who have other opportunities. |
| 1:16.1 | Meaning mandates can cause firms to lose their best employees. They also lead to mistrust between employees and managers because Ma says there's often a disconnect between employees who feel productive working remotely and |
| 1:28.6 | managers who don't trust that they're getting work done. |
| 1:31.2 | So that creates a big cultural problem inside the firm. |
| 1:35.2 | The best solution, he thinks, is to let employees and their teams decide for themselves |
| 1:39.2 | how often they want to come into the office. |
| 1:41.5 | I'm Henry App for Marketplace. |
| 1:43.8 | As you've been hearing, we've got just |
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