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80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’ (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’::As some business leaders accept hybrid work as a permanent reality, others are backtracking on earlier pledges to let employees work from home.

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[–] RinseDrizzle@midwest.social 19 points 1 year ago (6 children)

I've never really accepted the theory that return to office pushes are driven by office maintenance costs, or whatever. Hell, those expenses go UP when everyone is back. Working from home takes away electrical usage, and mitigates janitorial demand. If productivity is up or equal, and building maintenance costs are down, then wtf is it really about?

[–] EndOfLine@lemm.ee 4 points 1 year ago* (last edited 1 year ago)

I just don't get it. That money has already been spent or guaranteed for the current leases. It's a sunk cost either way. If they end up not needing it that office space then, once those leases are up, that become a cost saving and improve the bottom line of corporate profits right?

Only thing I can think of is that a a considerable percentage of upper management are getting kick backs by property owners who can see what WFH policies mean to their business model, or there are a lot of managers that don't know how to evaluate employee performance based on their deliverables.

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