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In MBA speak, company culture is a euphemism for median tenure / employee churn rate. Remote work lowers switching costs for employees, and makes it harder to
by throw483829 5y ago
In MBA speak, company culture is a euphemism for median tenure / employee churn rate.
Remote work lowers switching costs for employees, and makes it harder to distribute and monitor the consumption of corporate “sweeteners”.
It tilts favor in the direction of companies that are actually fulfilling to work for, and not merely “sticky” (in the high fructose corn syrup way). I think executives are right to be worried, to the extent they fall in the latter camp.
As to why they’re worried about it: if you have high churn, it means your training costs and hiring costs are much higher. And this directly impacts profitability and productivity, which like you say is what they “actually” care about.