80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’

Comments

• DragonAce@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Those assholes should have never pushed the shit in the first place. Giving people the freedom to work from home and still live their life at the same time, then trying to snatch it away and force a return to the office, is clearly going to cause some serious push back. But these fucks were more worried about justifying their expensive office leases, than actually listening to and respecting their employees. They got what they deserved, empty offices, weakened workforce, and less overall productivity. Good job assholes.

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  • PhantomPhanatic@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Working from home is a benefit that is worth money. People are willing to get paid less for the benefit of working from home all else equal. Effectively, if you got to work from home, you got a raise. Forcing people to come back to the office after allowing working from home is like giving a raise and then taking it back.

    However, when you negotiated your pay it was for a particular job with certain benefits. Complaining about your company not giving you a benefit that wasn’t initially part of your hiring negotiation is basically asking for a raise that they aren’t obligated to provide.

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    • Anduin1357@lemmy.world ⁨1⁩ ⁨year⁩ ago

      basically asking for a raise that they aren’t obligated to provide.

      Well employees aren’t obligated to not resign either.

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• fluxion@lemmy.world ⁨1⁩ ⁨year⁩ ago

  “We believe that a structured hybrid approach — meaning employees that live near an office need to be onsite two days a week to interact with their teams — is most effective for Zoom”

  If only there was some kind of video conferencing software you could use to collaborate with your team anytime you wanted…

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  • SupraMario@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Someone should create it, they would be millionaires, think of all the money these guys are missing out on. Some of these bosses should bring their teams into the office and get right to it.

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• splix@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Regret how they went about implementing back to work.

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• chakan2@lemmy.world ⁨1⁩ ⁨year⁩ ago

  In response, EY announced a fund in February 2022 to reimburse up to $800 per year for commuting, pet care and dependent care costs for each of its 55,000-plus U.S. employees.

  Sorry… a < .5% raise isn’t enough to get me back in an office.

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  • insaneinthemembrane@lemmy.world ⁨1⁩ ⁨year⁩ ago

    800 per year? My god what are these execs paying their nannies that they think this is anything substantial for such a massive sacrifice of time and energy to be in an office.

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    • scarabic@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Yeah $800 would maybe cover my train tickets. Probably not quite. Pet care expenses? I don’t even really know what that means.

      But dependent care??? They must be high.

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• burningquestion@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The sunk cost of unused office space has been a major factor in companies’ decisions to change their RTO approach, says Kacher.

  So what we’re seeing here is a situation where 80% of bosses fucked their businesses up by falling victim to an economic reasoning fallacy they teach you about in Econ 101?

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  • doublejay1999@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I suspect they were ‘advised’ by the Banks and perhaps the government, to put the brakes on.

    Every Corporation would be delighted to dump expensive city real estate, and “externalise facilities costs” to the workforce. ( which is what working from home is, from a balance sheet point of view). It’s what they teach at business school.

    However, it would only take a handful of big players to to do this in succession to collapse the real estate market in most cities.

    The knock on effect would likely include some large defaults by landlords and developers and who knows where that ends.

    A secondary effect is house prices. certainly in London, where people pay a 2-5x premium to live within an hour of they high paying job.

    If people no longer need to live near the office, why would they spend so much on crappy housing ? It would likely trigger an exodus away from the capital, collapsing the housing market.

    In the UK if the housing market collapses, the economy follows it down the tube in massive way.

    Hence the half hearted ‘push’ to get people back in the office .

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    • burningquestion@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Plenty of business owners in the US are invested in commercial real estate, so an undercurrent at least in the US is that a lot of people with decision making authority over this kind of thing personally stand to lose money if the value of commercial real estate falls.

      It seems a bit off and corrupt from a business standpoint to deliberately mismanage your business in hopes of limiting personal losses from investments in other industries, but most of how business works in America seems off and corrupt to me.

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• halfmanhalfalligator@feddit.de ⁨1⁩ ⁨year⁩ ago

  I have never heard the expression and am now wondering if the executives faces are covered in raw egg? Is it scrambled? Sunny side up? The German doesn’t know.

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  • Colorcodedresistor@lemm.ee ⁨1⁩ ⁨year⁩ ago

    dont over think it. visualize someone with a raw uncooked yoke broken over their face…they look stupid.

    its an older meme from before the internet but, it still clears port authority on occasion.

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    • SnowdenHeroOfOurTime@unilem.org ⁨1⁩ ⁨year⁩ ago

      Yes this “meme” predates the Internet by just a tad.

      With egg on one’s face means means appearing ridiculous or foolish because of one’s actions. The phrase with egg on one’s face is an American idiom, though the origins are murky. One possible source goes back to popular theater during the 1800s and early 1900s.

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    • Kecessa@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      don’t over think it

      If German engineers are anything to go by, you’re asking the wrong person to buy over think!

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  • lemann@lemmy.one ⁨1⁩ ⁨year⁩ ago

    I misread “sunny” as “scummy” at first

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• NathanielThomas@lemmy.world ⁨1⁩ ⁨year⁩ ago

  “Earlier”? How about never? The office is the 21st century’s smokestack factory from the industrial revolution. A throwback to a god awful dystopian past that we should be embarrassed to admit ever existed.

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