Reference: The Economist
On an online forum, numerous employees complain about their employers due to the new policy requiring them to return to the office for work. Some of the employees indicated they would resign rather than comply with the policy.
A recent global survey by KPMG, another professional-services firm, found that four-fifths of company bosses expect a return to the office five days a week within three years.
Forcing employees to return to the office often frustrates staff. A Gartner survey found that a third of executives and a fifth of other employees would quit if required to work on-site. For some companies, this may be the goal, as many tech firms and consultancies overhired during the pandemic boom. Encouraging voluntary departures could reduce severance costs, though it risks losing talented employees to competitors.
There is less evidence that allowing employees to work from home a few days a week in a hybrid setup has a negative impact on their performance. However, many bosses are fret that hybrid work will undermine their company's culture, as new employees fail to absorb it and existing ones forget it.
Investors have not yet formed a definitive opinion. A study found that the stringency of these measures had no significant impact on the performance of the firms' shares compared to their peers. However, if the author is correct, this situation may soon change.