Return-to-office (RTO) mandates have caused companies to lose some of their best workers, a study tracking over 3 million workers at 54 “high-tech and financial” firms at the S&P 500 index has found. These companies also have greater challenges finding new talent, the report concluded.
They don’t want “best talent”. They want cheap, compliant talent.
And they wonder why they are becoming commodities
And enshittifying
Are you a company that requires employees to come in to an office for positions that could be done remotely? You should have to pay double payroll taxes for that position. You’re needlessly taxing society’s infrastructure simply for your own vanity. Time to pay up.
But in reality they are getting tax breaks for it. City governments give big tax breaks to companies that open offices and make people come in because it means those people will come to that part of town and be forced to spend money. It’s good for the businesses around the office.
That’s how the system has worked historically and they are clinging to that tired idea.
If I were to work from home though that money would stay in my local economy making my housing value go up instead of the value of some office building. That’s what I want.
But then why are these office buildings in desolate industry parks devoid of anything that makes a human happy?
Because they wernt trying to make you happy? What part of maximizing shareholder value didnt you understand?
No shit. The people who leave when you arbitrarily make their job worse will obviously be the people who have better options.
To upper management, it’s all fields in a spreadsheet anyway. That you need 3 cheaper juniors to replace that one expensive talent to in the end pay more for less is abstracted away and the source of many meetings to figure out why reality doesn’t match projections. That’s called the efficiency of private enterprises.
In my experience, It’s usually replacing employees in one region with people in an other who can do the same job with less pay. RTO is forced layoffs. They are trying to get you to quit so they can hire your replacement in a location with a cheaper cost of living. If your job can be done remotely than it can be done by someone else remotely unless you’re very specialized or operationally critical.
That’s ok, they can hire more, cheaper talent that they can burn out in an endless churn of replacements. Their product will probably suffer some, but as long as the bottom line looks good they won’t care.
I can’t convince my boss to meetup with me downtown, spend the day at his house outside the city, or get together almost ever, bc he thinks it’s a waste of our time besides personal connection, and we’ve known each other a decade so no need. We both worked in offices for decades, most recently at another company together before quarantine. Bc he’s smart… that’s why I’m working for him again
Canadian government wants to get rid of its best talent and only keep the worst employees 👍
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