The Companies Calling Workers Back to the Office Five Days a Week
Good morning. Today we're exploring companies' latest thinking on RTO policies, the state of the job market, why jerks don't (usually) get ahead and more.
This is a short version of The Wall Street Journal’s Careers & Leadership newsletter. Sign up here to get the full edition in your inbox every week.
The Companies Calling Workers Back to the Office Five Days a Week
UPS on Tuesday joined a small group of large companies pushing for a return to what has become an anomaly in American worklife: five days in the office . The push for in-person attendance Monday through Friday reflects a desire among top executives to fully repopulate offices and to return to prepandemic ways of working. Some CEOs say it is unfair for corporate employees to do their jobs remotely part of the time while front-line staffers must show up daily.
The $400,000 Job That Doesn’t Require a College Degree
Amazon is cutting hundreds of jobs. So are Macy’s and Wayfair. But one retail worker is still in high demand: Walmart superstore manager. Walmart is giving bigger bonuses and adding stock awards to their annual pay packages, pushing the total compensation for the best ones to more than $400,000 a year. The retail giant has thousands of store managers who act as midlevel executives. Each can often oversee a store with 350 workers and $100 million in annual revenue.
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The Real-Estate Downturn Comes for America’s Premier Office Tower
The highest quality office buildings have had much better success navigating the industry’s turmoil—until now. Owners invested heavily in these properties, which were usually new developments with the best locations, views, air quality and modern designs. That strategy is losing steam as more companies have accepted the reality of hybrid work schedules and, for the most part, have given up on compelling workers to be in five days a week.
Elsewhere in The Wall Street Journal
Check out some of the Journal’s other best-read stories on work life and the office over the past week:
This is a condensed version of WSJ’s Careers & Leadership newsletter. Sign up here to get the WSJ’s comprehensive work coverage in your inbox each week.
This newsletter was curated by Gretchen Tarrant Gulla , WSJ Audience Editor. Let us know what you think by dropping us a note at [email protected] .
Office Associate.
9 个月The push for RTO is nothing more than control and about leases of these buildings. If the employees are getting the job done, it shouldn’t matter where they work.
Chief Executive Officer at Dont forget about me incorp with expertise in poverty elimination
9 个月https://dontforgetaboutmeincorp.godaddysites.com/
AS BS MBA RICP? (PhD Candidate Natural Healing) With a lifetime in healthcare careers & many degrees I advise ProBono.Give back on preparing for Retirement & Medicare
9 个月So TODAY'S WSJ (Thursday, February 8, 2024 - VOL. CCLXXXIII NO. 32 Front page A1) "Why Americans Are Down on a Strong Economy" - Really? Written by Amara Omeokwe (OH! I get it, "liberal" worked for NPR, CNBC ...) Aaron Zitner, Rachel Wolfe and rachel Lousie Ensign....I have been reading WSJ since MBA school 1980, and your paper continues to veer left - RECALL those of you/your writers who maybe actually took Statistics??? As I did? FIRST day of class instructor stated: "You can prove anything you want w/statistics". LAST day of class he repeated: "REMEMBER you can prove anything you want w/statistics" so YOUR line: "measures that actually show the economy is robust". Right, guess these 4 reporters don't do home repairs, have kids in daycare, or grocery shop. "Please" get more logically minded reporters on the WSJ writing on "the economy" ESP front page. Thank you.
Global Supply Chain Management student at Brigham Young University
9 个月Just basic economics! We have had a workforce willing to shirk responsibility and companies are taking big hits!
Founder of Rentah.com | Professor of Geography
9 个月Hmmmmm