The Majority of employees (90%) will return to office by the end of 2024 !
Nicolas BEHBAHANI
Global People Analytics Leader | Future of Work | Leading Global HR Analytics, Driving Business Growth
?? Return-to-office (RTO) mandates are gaining momentum as the pandemic fades and Labor Day approaches.
90% of companies will push employees back to office by the end of 2024. The vast majority of companies (72%) that already have returned to the office find they have seen an improvement in revenue, productivity and worker retention. And majority of companies currently track or will track employees to ensure in-person attendance, according to a new interesting research published by Resume Builder and conducted by online poll via Pollfish using data from 1,000 Employees who have a household income of at least $75,000 per year, and work at a company with 11 or more employees.
?90% of companies will RTO by end of 2024
Researchers noticed that 64% of employees say their company currently has a physical workspace, 20% plan to by the end of 2024, 11% plan to in 2025 or later, and just 4% never plan to have a physical workspace.
?Return to office mandates improve Revenue, Productivity, Retention.
Researchers found that among respondents whose companies have already returned to office, the vast majority of respondents in this group say they have seen an improvement in:
??Revenue (70%)
??Productivity (80%)
??Worker retention (60%)
??Employee Relationships (75%)
??Company Culture (70%)
??Also researchers observed that 83% of employees whose companies have returned to office say they currently track employee attendance, and 70% of respondents whose companies plan to RTO in 2024 say they will also track employee attendance.
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?Return-to-Office but with Hybrid work model
Researchers found that among respondents whose companies plan to implement RTO in 2024, only 44% say at least three-quarters of employees will be required to work in-person, and just 19% say 5 days per week will be required.
?Layoff if employees don't come to Office
Researchers found that 28% of employees say their company will threaten to fire employees who don’t comply with RTO policy.
??These companies should keep in mind that this is still a very strong candidate market in many industries. Companies who insist on RTO when employees are resistant may lose workers and struggle to hire talent from a smaller candidate pool.
Thank you ?? Resume Builder researchers team for these insightful findings:
Stacie Haller Carolyn Kleiman and all persons cited in this report Faik Onur Kutlubay?
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11 个月Thanks for sharing the post. Interesting to see some of the data. Though I do have a few thoughts myself, and am wondering what you think... The sample size of the study seems extremely small for any organization to make a business decision about RTO. On results showing the increase of revenue, productivity and retention. Of course revenue would be increased since 2020, because we're going from a baseline of GDP DECLINE (-5% in 2020) at the start of remote work to sequential years of GDP INCREASE (+5% annually). Revenue was going to increase anyways. Plus, how does an employee measure productivity at their company - by visually seeing other people also in their office? That's hardly an indication of actual productivity. This seems like somewhat hearsay from employees rather than actual data. Additionally, people today aren't quitting their jobs like they were in 2020 - 2022. So naturally, they'd see an increase in retention. It's great to see employees reported an increase in workplace culture and relationships! - - - You're right in this: Talent scarcity is a big challenge for all companies today, and RTO is impacted even greater when the talent pool is based on geography instead of best-matched for the role.
Senior Manager Global Commercial Excellence at Clarivate | Leading Global Learning Initiatives
1 年Online polls are not how you measure any of these outcomes. None of these results would stand up to any scrutiny.
I seriously doubt this data. To have a mandatory back to office mandate and to imagine that will improve retention defies any reality check. I have had access to employee surveys from various companies offering remote or flexible options - that is the perk 90% of employees appreciate best. When people were able to gain back hours of commuting to and from work - hours they can spend with their families which they get to see 3-4 hours per day, or to rest, or to do something for their mental or physical health - why would they ever want to be forced back to the office? They will look for hybrid or remote options. The future of work is MORE flexible, not less. And to couple mandatory back to office with increased employee tracking is a return to the middle age of work - I think employers should ask themselves why do employee would be so tempted to skip work anyway? We should put in all the efforts to ensure work is MORE HUMAN, not less - I see it as an ethical mandate, more than a business or talent strategy.
Facilitator | Author | Creating adult-adult cultures that unleash accountability, engagement and innovation
1 年So this is fascinating. I don't currently believe a single word of it. Validity issues are just the start. How are you measuring company culture for example. Putting a percentage after if makes no it seem like a robust measurement but if that is just a percentage of people who said 'slightly increased' in a survey where culture wasn't defined what have we actually measured. The 'feeling' that there is more culture. Since company culture was defined (badly) in an era of almost exclusively face-to-face interaction I'm not surprised or impressed. The same could be said for all the other measures of a baseline wasn't taken. Considering pre-pandemic hybrid and remote teams had much less sickness this all seems a bit fishy. I am also aware of many companies who have mandated office working and immediately lost some of their best people. All of these effects could be due to external factors as the workplace and economy adjust. Where is the 'compared to' data? Attendance issues take a while to show up. If it isn't 6 months at least since the effect has been felt then this doesn't say much. I could go on ...
LinkedIn Top Voices in Company Culture USA & Canada I Executive Advisor | HR Leader (CHRO) | Leadership Coach | Talent Strategy | Change Leadership | Innovation Culture | Healthcare | Higher Education
1 年Thank you Nicolas BEHBAHANI Hope you have a great day