this post was submitted on 09 May 2024
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The only marginally logical excuse i've heard for RTO is to justify rented office space.
Remote work is not right for ALL companies. Just ones that are completely or predominantly software-based.
Breakfast cereal manufacturing - hey. Someone's gotta be there to close up all the boxes.
I forget - does Dell make breakfast cereal?
remote work is pretty prevalent in finance/banking - at my job only the customer facing folks (branch offices, investment/mortgage, etc) need to actually be in the office - that's only 30% of the workforce. another 15% is hybrid now, the rest are 100% remote.
What the Delly-Os
I would expand to all the jobs that can be done with a laptop, an internet connection and a phone.
And the more we automate manufacturing and whatnot, the more those jobs can be done remotely. If you live within driving distance of the factory, you can come in to clear a jam or something, but otherwise spend your time building systems to prevent jams.
Love it when the logical excuse is the Sunk Cost Fallacy.
Though I think there's some truth - companies still pay employees for their WFH rigs / utilities (or they should be, anyway), so it's not exactly free for them to have WFH (just a lot cheaper, if there's a choice).
The logical excuse I buy into is that commercial real estate is valued on it's income and if business aren't renewing leases because they don't need office space, then commercial real estate values tank. That and thinly veiled layoffs.
Which companies pay for WFH expenses? I worked for the biggest software company in the world in 2022 and there was no WFH allowance. We were 100% WFH at that point.
Yeah we are all WFH and we asked for a small stipend that was denied.
I expended a double wide gaming monitor anyway. Boss didn't care.
I use a 55" 4k TV. The screen real estate is great.
In many countries they have to pay for ergonomically suitable WFH equipment if they mandate WFH
A large portion of most rich peoples investment portfolios is commercial real estate.
So if remote work takes off then offices devalue and their invest profiles diminish. That's why all the big business have colluded to force RTO, even if it would ostensibly cost their business more to do so. The execs personal savings are more important.
This, and it's a way to make sure urban economies with investments stay stimulated.... If the companies said "okay, just do your job, IDC" then a lot of people would move to rural areas. Also, corporate office leases are usually long, like 15 years. If the companies stop paying their leases, the entire flimsy financial system would crumble, since modern economics/property prices are more about potential/theoretical value rather than real value. You need a big fancy building in a fancy city to attract top talent, high earners, so it keeps the class system intact as well.
I don't think that this is that true anymore.
WFH attracts me, not fancy buildings in cities... YMMV i guess.
That's how it is in the company I work for. They aren't strict about it though, we are supposed to be in office 3/5 days but some people barely make 1/5 . As far as I know nobody cares as there is no tracking system yet.