A trio of reports shows the damaging consequences of the return-to-office mandates. And it's not a pretty picture. The Greenhouse Candidate Experience report, the Federal Reserve's Survey of Household Economics and Decisionmaking (SHED), and Unispace's Returning for Good report collectively paint a stark picture of a brewing storm.
Unispace found that 42% of companies with return-to-office mandates witnessed a higher level of employee attrition than they had anticipated. And 29% of companies enforcing office returns are struggling with recruitment.
Meanwhile, 76% of employees stand ready to jump ship if their companies decide to pull the plug on flexible work schedules, according to the Greenhouse report. Moreover, employees from historically underrepresented groups are 22% more likely to consider other options if flexibility comes to an end.
The SHED survey shows the gravity of this situation. The survey equates the displeasure of shifting from a flexible work model to a traditional one to that of experiencing a 2% to 3% pay cut.
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