Skip to content

Why bosses are rolling back remote work

“It goes further than just saying ‘work from home and be behind a monitor’,” says Flannigan. “Being remote is an operating model, not a perk. It’s inspiring and empowering people to work wherever is most productive for them, and measuring them by results rather than an office parking lot.” For about 85% of TIAA employees, the office is optional – at least part of the time.

Companies Switching to Permanent Remote Work-From-Home

The pandemic has triggered seismic shifts in how we work, causing many companies to transition from an office-centric culture to more flexible ways of working. However, business leaders started to experiment with the work-from-home benefits. Meier expects more cities to look at easing zoning laws and other regulations to make it easier to convert empty office space into apartment buildings, a move that could help revitalize city centers and ease the national housing shortage. The U.S. office vacancy rate hit a 30-year-high of 18.2% earlier this year, according to the commercial real estate services and investment firm CBRE. “If you go into the office, it should be all collaboration and social interaction,” he said. “Once we figure that out, I think there is going to be an advantage to a hybrid workplace compared to a work where everybody comes to the office five days a week.”

A new take on office building continues

The remote work model has shown that many jobs can be performed effectively outside of the traditional office setting, challenging long-standing norms about where work should take place. Naturally, employees up and down the chain of command are feeling that fear—nearly 4 in 5 (78%) of the workers Ringover surveyed in December 2023 admitted to worrying about potential RTO mandates in their workplace. Those would be almost universally unpopular; over two-thirds (67%) of respondents said they still want some amount of remote work, even though many of their companies have made moves to eliminate the option. Forget the fact that nearly every expert insists that flexible work arrangements—guided principally by employee desires—are the way of the future. Disregard, too, the fact that many workers insist they’re more productive working from home—and more likely to feel empowered to do their best work under a boss who allows them to work where they want. And pretend you don’t know that return-to-office mandates are near-universally reviled and lead to rapid retention issues, bitter company culture, and swelling resentment—with worsened productivity to boot.

A permanent shift to remote work, however small, could bring clear benefits to those eligible. It eliminates a daily commute, opening up new housing markets outside of expensive cities. Parents have more flexibility when it comes to participating in childcare, and home offices can often better accommodate workers with disabilities. Remote work also gives people of color the chance to avoid the code-switching required in primarily white workplaces. Stepping out from similar financial firms, Synchrony tells employees they can’t come back to the office five days a week.

The companies sticking to fully remote work

“While remote work is not ideal for everyone, what we’ve learned is that our employees can be equally productive working at home, and that flexible work options give us a better quality of life,” Indeed’s statement said. “The tech conglomerate’s eventual goal is to have 70% of its workforce — about 23,000 people — work remotely for two or three days a week,” wrote CNN’s Kaorji Enjoji. companies that went fully remote After just a few months, though, a number of business leaders started to figure out the whole work-from-home thing has benefits. CEOs declared that it working from home would permanently become part of their companies’ futures (while others hammered away at returning to the office). We embrace a workspace atmosphere that treats one another with dignity, respect and compassion.