Surprising no one but the mgmt teams…
Unispace found that nearly half (42%) of companies with return-to-office mandates witnessed a higher level of employee attrition than they had anticipated. And almost a third (29%) of companies enforcing office returns are struggling with recruitment. In other words, employers knew the mandates would cause some attrition, but they weren’t ready for the serious problems that would result.
Meanwhile, a staggering 76% of employees stand ready to jump ship if their companies decide to pull the plug on flexible work schedules, according to the Greenhouse report. Moreover, employees from historically underrepresented groups are 22% more likely to consider other options if flexibility comes to an end.
In the SHED survey, the gravity of this situation becomes more evident. The survey equates the displeasure of shifting from a flexible work model to a traditional one to that of experiencing a 2% to 3% pay cut.
I don’t think this is even the full picture, though. The cost savings from working remotely for me have been largely unnoticed (but objectively there).
The real value, for me, has been increased autonomy and freedom from the office culture and overbearing bosses. It was amazing how my managers were suddenly ambivalent about my work performance once they weren’t able to constantly observe me at my desk.
Definitely - the personal benefits go far beyond the cost savings. Just pointing out that at the end of the day, what they’re doing when they ask you to return to the office is asking you to take a very real pay cut and add unpaid hours to your daily schedule.