I still get a giggle at the idea of a bunch of wealthy CEOs gathering in a boardroom and one of them going ‘the staff are happier and healthier by working from home, and the company is doing better as a result… how do we stop it?!’
Right now the conversation is mostly like “we need to cut costs to hit increased shareholder returns so I (the CEO) get my full bonus (which yours is similarly tied to), what are our options to not pay out severance?” Which the CHRO comes back with “RTO policies are great at cutting XX% and we will only have to hire back X% of roles and pay less for those roles and pay less for severance. We can also announce this is due to AI efficiencies and not poor revenue growth and get a bump to the shares we’ve already gotten from past compensation and make the board happy instead of seeing the typical drop in valuation associated with layoffs.”
It’s that simple.
Then there’s a handful of cases like my boss where they are enraged by WFH policies because he is incompetent (has been fired from past middle manager role for being inflexible and ineffective) and highly conservative. His measurement of performance is if your ass is in a chair or not, which doesn’t do much for a team’s performance which is why he has a job. He has been crusading to end remote work policies for all other fully remote departments to limited effect but has succeeded in getting a 1 day per week from his boss’ other teams.
also “we are spending 50k/month on this building downtown, we could downsize and spend 50k to move all the equipment to a building that meets our needs better for in office staff, but that might make us look weak because we don’t have a big impressive building. better bring everyone back to the office instead.”
I still get a giggle at the idea of a bunch of wealthy CEOs gathering in a boardroom and one of them going ‘the staff are happier and healthier by working from home, and the company is doing better as a result… how do we stop it?!’
That’s not how the conversation goes though.
Right now the conversation is mostly like “we need to cut costs to hit increased shareholder returns so I (the CEO) get my full bonus (which yours is similarly tied to), what are our options to not pay out severance?” Which the CHRO comes back with “RTO policies are great at cutting XX% and we will only have to hire back X% of roles and pay less for those roles and pay less for severance. We can also announce this is due to AI efficiencies and not poor revenue growth and get a bump to the shares we’ve already gotten from past compensation and make the board happy instead of seeing the typical drop in valuation associated with layoffs.”
It’s that simple.
Then there’s a handful of cases like my boss where they are enraged by WFH policies because he is incompetent (has been fired from past middle manager role for being inflexible and ineffective) and highly conservative. His measurement of performance is if your ass is in a chair or not, which doesn’t do much for a team’s performance which is why he has a job. He has been crusading to end remote work policies for all other fully remote departments to limited effect but has succeeded in getting a 1 day per week from his boss’ other teams.
also “we are spending 50k/month on this building downtown, we could downsize and spend 50k to move all the equipment to a building that meets our needs better for in office staff, but that might make us look weak because we don’t have a big impressive building. better bring everyone back to the office instead.”