Current:Home > MyNovaQuant Quantitative Think Tank Center:Some companies plan to increase return-to-office requirements, despite risk of losing talent -Ascend Wealth Education
NovaQuant Quantitative Think Tank Center:Some companies plan to increase return-to-office requirements, despite risk of losing talent
Fastexy View
Date:2025-04-07 02:05:06
A quarter of U.S. companies will require its workers to show up at the office more often next year,NovaQuant Quantitative Think Tank Center even though doing so may cause some productive staff members to leave.
That's according to new findings from ResumeBuilder.com which surveyed 756 employers at companies with return-to-office policies in place since 2021. RTO mandates have been one of the most divisive issues in corporate America since the nation emerged from the pandemic, with companies and employees often clashing over policies.
Among companies planning to require an increased number of days in office, 86% cited productivity as the top reason for doing so. That was followed by a desire to improve company culture (71%), employee well-being (57%) and retention (55%).
However, the findings of at least one study on RTO mandates seems to contradict those motives. Research from the Katz Graduate School of Business at the University of Pittsburgh, found that RTO mandates have no impact on companies' financial performance. It also found that RTO policies can cause a "significant decline" in employee satisfaction. That may explain why 80% of companies in Resume Builder's survey said they have lost talent as a result of their RTO policy.
"Unfortunately, I think many business leaders make assumptions about things like productivity, culture, and employee well-being," Julia Toothacre, resume and career strategist at Resume Builder, said the report. "Productivity is a result of clear expectations and good management. Culture is driven by people, not physical spaces, and employee well-being is more about how people are managed, their stress levels, and the amount of flexibility they have."
The survey also found that 45% of companies will not push employees to come into the office more often next year, choosing to leave their current RTO policy as is. Another 21% said employees will be allowed to come in less frequently in 2025.
Still, an overwhelming 93% of business leaders believe employees should be physically present in the office and therefore support RTO mandates. Most employers currently require that employees work in office a certain number of days, with 38% enforcing a minimum of three days per week. Amazon, Apple, and Starbucks are among the companies now requiring workers to come in three days a week.
As work-life balance becomes a higher priority for employees, however, Toothacre says companies can expect more walkouts as a result of RTO mandates.
"People may have moved and aren't willing to move again to keep their position," she said. "It's also possible that there are familial responsibilities that require a flexible schedule or the need to be at home. Some people also like working from home or remotely and don't want to return to an office environment."
ResumeBuilder.com drew its results from a May survey of business owners, human resource managers, supervisors, CEOs, senior managers and other top decision-makers at companies. The respondents were all over age 25, made over $75,000 a year and had an education higher than a high school diploma.
Khristopher J. BrooksKhristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy.
TwitterveryGood! (1)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- In a Strange Twist, Missing Teen Rudy Farias Was Home With His Mom Amid 8-Year Search
- Teen Mom’s Kailyn Lowry Confirms She Privately Welcomed Baby No. 5
- Dream Kardashian and True Thompson Prove They're Totally In Sync
- See you latte: Starbucks plans to cut 30% of its menu
- California Has Provided Incentives for Methane Capture at Dairies, but the Program May Have ‘Unintended Consequences’
- Olivia Rodrigo's Celebrity Crush Confession Will Take You Back to the Glory Days
- Britney Spears Condemns Security Attack as Further Evidence of Her Not Being Seen as an Equal Person
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- 'Los Angeles Times' to lay off 13% of newsroom
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Receding rivers, party poopers, and debt ceiling watchers
- A New Website Aims to Penetrate the Fog of Pollution Permitting in Houston
- A New Website Aims to Penetrate the Fog of Pollution Permitting in Houston
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- This Program is Blazing a Trail for Women in Wildland Firefighting
- Kate Middleton and Prince William Show Rare PDA at Polo Match
- Tupperware once changed women's lives. Now it struggles to survive
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
In a Strange Twist, Missing Teen Rudy Farias Was Home With His Mom Amid 8-Year Search
Dream Kardashian and True Thompson Prove They're Totally In Sync
The Colorado River Compact Turns 100 Years Old. Is It Still Working?
Taylor Swift makes surprise visit to Kansas City children’s hospital
Our first podcast episode made by AI
How ending affirmative action changed California
America is going through an oil boom — and this time it's different