Humanities & Cultures

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Defeated CEOs are now conceding hybrid working is here to stay (archive.ph)

submitted 7 months ago by alyaza to c/humanities

13 comments fedilink hide all child comments

KPMG surveyed U.S. CEOs of companies turning over at least $500 million and found that just one-third expect a full return to the office in the next three years.

So it's official: Leaders who believe that office workers will be back at their desks five days a week in the near future are now in the small minority.

It's a complete 360 on their stance last year, when 62% of CEOs surveyed predicted that working from home would end by 2026.

At the time, 90% of CEOs even admitted that they were so steadfast on summoning staff back to their vertical towers that they were sweetening the pot with salary raises, promotions, and favorable assignments to those who showed face more.

But now, bosses are backtracking: Nearly half of CEOs have concluded that the future of work is hybrid—up from 34% last year.

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[–] Empricorn@feddit.nl 16 points 7 months ago (2 children)

The fact they resisted even after studies showed hybrid/WFH employees were more productive is telling.

It's about control. I believe power corrupts, and a power imbalance like the worker/boss relationship is even more fucked. Your supervisor and theirs, etc are all cool? That's great, but you can see the potential for abuse is there. You can push back, but then you're risking the entire atmosphere of your future employment, not to mention your ability to eat and have shelter...

[–] kobold 6 points 7 months ago (1 children)

my company's ceo went from seemingly a down to earth founder of the company who supported queer rights to an exploitatively rich board director who describes his employees as "loyal human capital"

it's about control and power and wealth and it sucks how good some of them are at seeming ok before they get it

[–] refurbishedrefurbisher@lemmy.sdf.org 5 points 7 months ago

Just goes to show that just because someone is on your side when it comes to social issues doesn't mean they're on your side when it comes to economic issues.