Return-to-office mandates are associated with an exodus of high performers, research finds [Fortune]
Walmart Inc. (WMT)
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Source: Fortune
Ma suggests RTO policies tend to push out the most talented employees—and they are harder to replace than entry-level workers. Elon Musk and Vivek Ramaswamy's dream of eliminating work-from-home options for 94% of federal employees—in hopes of encouraging workers to quit, thus shaving trillions from the federal budget—may backfire, new research from the University of Pittsburgh suggests. A working paper from associate professor of business administration Mark Ma and colleagues found that prominent technology and finance companies who implemented return-to-office (RTO) mandates lost their most skilled and senior employees. When they tried to fill job vacancies left by those workers, they had a harder time doing so. Related Video From a universe of 54 companies in the S&P 500 that implemented RTO mandates between April 2020 and June 2023, Ma et al. looked at 3 million LinkedIn profiles to determine who left their firms after in-office crackdowns. Not only did these companies see
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WMT
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- 12/19/24 - Form 4
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