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Return-to-office mandates aren't making companies more valuable and productive, study finds: https://www.businessinsider.com/return-to-office-mandates-remote-w

Return-to-office mandates aren't making companies more valuable and productive, study finds: https://www.businessinsider.com/return-to-office-mandates-remote-work-stock-returns-productivity-2024-1 https://www.businessinsider.com/return-to-office-mandates-re... "Any one of the three economic factors described above (real estate, retention and recruitment), by itself, could justify the alleged loss in productivity. When you consider all three, it is extremely hard to imagine any organization for which the losses resulting from a strict RTO policy would be offset by a possible increase in worker productivity. As a further consideration, a strict RTO policy will also disproportionally impact certain traditionally disadvantaged groups, leading to further decreases in organizational diversity.": https://www.forbes.com/sites/paologaudiano/2023/08/14/here-is-why-you-should-not-base-your-return-to-office-strategy-on-employee-productivity-alone/?sh=321702235501 https://www.forbes.com/sites/paologaudiano/2023/08/14/here-i... People return to offices, productivity plunges: https://ktla.com/news/money-business/people-return-to-offices-productivity-plunges/ https://ktla.com/news/money-business/people-return-to-office... The return to the office could be the real reason for the slump in productivity. Here’s the data to prove it: https://fortune.com/2023/02/16/return-office-real-reason-slump-productivity-data-careers-gleb-tsipursky/ https://fortune.com/2023/02/16/return-office-real-reason-slu... Expecting a return to office will boost worker productivity is ‘magical thinking,’ says Meta’s former director of remote work https://finance.yahoo.com/news/expecting-return-office-boost-worker-162439302.html?guccounter=1 https://finance.yahoo.com/news/expecting-return-office-boost...

toomuchtodo 3y ago
Highly factualized comment. I believe the mental model in question is not yet flexible enough to update based on the data, and there is an expectation of logic from fancy emotional monkeys ("executive leadership") grounded in status, control, and work as identity. > So if research would be universal and clear cut that working 32 hours outcompetes those companies working 40 hours, then at least a significant proportion of companies would be using this new way of work as leverage to outcompete their competitors working 40 and beat them at profits and market share, and then that would become the new norm as it's the proven winning strategy, since that's how competition in capitalism works. If only it were that simple. https://en.wikipedia.org/wiki/996_working_hour_system https://en.wikipedia.org/wiki/996_working_hour_system https://www.cnbc.com/2019/04/15/alibabas-jack-ma-working-overtime-is-a-huge-blessing.html https://www.cnbc.com/2019/04/15/alibabas-jack-ma-working-ove... https://news.gallup.com/poll/175400/workers-sense-identity-job.aspx https://news.gallup.com/poll/175400/workers-sense-identity-j... https://www.fastcompany.com/90955495/happiness-work-survey-unhealthy-relationship-jobs-hp https://www.fastcompany.com/90955495/happiness-work-survey-u... https://www.careerchange.com/newsletters/working-standards-u-s-vs-europe/ https://www.careerchange.com/newsletters/working-standards-u... https://ourworldindata.org/working-hours https://ourworldindata.org/working-hours
FirmwareBurner 3y ago
I'm talking about 32 vs 40 h per week productivity, not WFH productivity. What's one have to do with the other?
- jedberg 3y ago
  You said you didn’t believe C-suites were ignoring things that could make them more money. I showed you a bunch of cases where C-suites are hurting themselves by ignoring data.
  - FirmwareBurner 3y ago
    Except the money they currently make, or not make, is directly related to the stock market's performance or lack thereof due to the zero interest days being over, not to that of WFH or RTO employees.
- ghaff 3y ago
  Well, I suspect that--based on what I've seen from talking to people--remote makes it easier to do no-meeting, maybe do some light cleanup Fridays. So there's some relationship probably.

toomuchtodo 3y ago

Highly factualized comment. I believe the mental model in question is not yet flexible enough to update based on the data, and there is an expectation of logic from fancy emotional monkeys ("executive leadership") grounded in status, control, and work as identity. > So if research would be universal and clear cut that working 32 hours outcompetes those companies working 40 hours, then at least a significant proportion of companies would be using this new way of work as leverage to outcompete their competitors working 40 and beat them at profits and market share, and then that would become the new norm as it's the proven winning strategy, since that's how competition in capitalism works. If only it were that simple. https://en.wikipedia.org/wiki/996_working_hour_system https://en.wikipedia.org/wiki/996_working_hour_system https://www.cnbc.com/2019/04/15/alibabas-jack-ma-working-overtime-is-a-huge-blessing.html https://www.cnbc.com/2019/04/15/alibabas-jack-ma-working-ove... https://news.gallup.com/poll/175400/workers-sense-identity-job.aspx https://news.gallup.com/poll/175400/workers-sense-identity-j... https://www.fastcompany.com/90955495/happiness-work-survey-unhealthy-relationship-jobs-hp https://www.fastcompany.com/90955495/happiness-work-survey-u... https://www.careerchange.com/newsletters/working-standards-u-s-vs-europe/ https://www.careerchange.com/newsletters/working-standards-u... https://ourworldindata.org/working-hours https://ourworldindata.org/working-hours

FirmwareBurner 3y ago

I'm talking about 32 vs 40 h per week productivity, not WFH productivity. What's one have to do with the other?

jedberg 3y ago
You said you didn’t believe C-suites were ignoring things that could make them more money. I showed you a bunch of cases where C-suites are hurting themselves by ignoring data.
- FirmwareBurner 3y ago
  Except the money they currently make, or not make, is directly related to the stock market's performance or lack thereof due to the zero interest days being over, not to that of WFH or RTO employees.
ghaff 3y ago
Well, I suspect that--based on what I've seen from talking to people--remote makes it easier to do no-meeting, maybe do some light cleanup Fridays. So there's some relationship probably.