SP500 and RTO brain drain

[Anonymous]

The largest companies are losing talent and money. Seems like a good shorting opportunity for those companies enforcing strictest RTO mandates. RTO is also anti-woman.

All this data is public.

Abstract:

By tracking over 3 million tech and finance workers' employment histories reported on LinkedIn, we analyze the effect of S&P 500 firms' return-to-office (RTO) mandates on employee turnover and hiring. We find that these firms experience abnormally high employee turnover following RTO mandates. The increase in turnover rates is more pronounced for female employees, more senior employees, and more skilled employees. Further, it takes significantly longer time for these firms to fill their job vacancies after the mandates. Their hire rates also significantly decrease. These results are consistent with firms losing their best talent and female employees and facing greater difficulties with talent attraction after RTO mandates. Our study highlights brain drain as a significant cost of RTO mandates even for the largest firms in the world.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5031481

[Anonymous]

Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

[Anonymous]

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

... which is the goal of government RTO; enforce return to office so a bunch of people leave while implementing a general hiring freeze so the positions go unfilled and are eventually eliminated. Knock on bonus is that the remaining staff are overworked and maybe they'll quit too.

[Anonymous]

This is obvious. None of it makes sense and it will eventually course correct.

The problem is that many companies have expensive real estate they don’t need. That’s why we are all commuting to spend our day on Teams.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

... which is the goal of government RTO; enforce return to office so a bunch of people leave while implementing a general hiring freeze so the positions go unfilled and are eventually eliminated. Knock on bonus is that the remaining staff are overworked and maybe they'll quit too.

It's brilliant! And everyone can do it at once. Poof! Insta-recession! It's not like we were on the brink of one already. Oh wait...

[Anonymous]

Anonymous wrote:This is obvious. None of it makes sense and it will eventually course correct.

The problem is that many companies have expensive real estate they don’t need. That’s why we are all commuting to spend our day on Teams.

+1, they cannot handle the CRE loss. IMO it's as much emotional as financial - they could probably write off the financial loss, but the optics of giving up that prestigious address and building with their company name is too hard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

That's exactly what new administration is trying to do. I know 3 people at my work that are planning to put in their papers soon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

... which is the goal of government RTO; enforce return to office so a bunch of people leave while implementing a general hiring freeze so the positions go unfilled and are eventually eliminated. Knock on bonus is that the remaining staff are overworked and maybe they'll quit too.

The thing is salaries and benefits(civilian and military) are not a huge percentage of the federal government. 6.75 trillion budget about 400 billion is employee compensation. People with little understanding of the government do not know the majority of the expenses of the US government is sending out checks/transfers of money to the states.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

... which is the goal of government RTO; enforce return to office so a bunch of people leave while implementing a general hiring freeze so the positions go unfilled and are eventually eliminated. Knock on bonus is that the remaining staff are overworked and maybe they'll quit too.

The thing is salaries and benefits(civilian and military) are not a huge percentage of the federal government. 6.75 trillion budget about 400 billion is employee compensation. People with little understanding of the government do not know the majority of the expenses of the US government is sending out checks/transfers of money to the states.

That's all true, but the point of eliminating federal positions is not to save money. It's to weaken the agencies and prevent them from enforcing the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazon has the managerial talent and technology to actually enforce and implement RTO. The federal government isn’t even close to having either.

Amazon is doing a quiet layoff... they want to downsize.

... which is the goal of government RTO; enforce return to office so a bunch of people leave while implementing a general hiring freeze so the positions go unfilled and are eventually eliminated. Knock on bonus is that the remaining staff are overworked and maybe they'll quit too.

The remaining staff will be less productive and less flexible. For those we know, most are planning to stop doing calls, emails and meetings before/after hours and no more calls during commutes or other things.

[Anonymous]

I am so tired of hearing the complaints of RTO. The pandemic was a special TEMPORARY event that propelled these decisions. Everyone’s life has returned to normal (school, travel, etc), but yet those working from home think RTO shouldn’t affect them. Quit, don’t quit, nobody cares.

[Anonymous]

Anonymous wrote:I am so tired of hearing the complaints of RTO. The pandemic was a special TEMPORARY event that propelled these decisions. Everyone’s life has returned to normal (school, travel, etc), but yet those working from home think RTO shouldn’t affect them. Quit, don’t quit, nobody cares.

+1

[Anonymous]

Anonymous wrote:I am so tired of hearing the complaints of RTO. The pandemic was a special TEMPORARY event that propelled these decisions. Everyone’s life has returned to normal (school, travel, etc), but yet those working from home think RTO shouldn’t affect them. Quit, don’t quit, nobody cares.

Except what you’re missing is the nature of work changed and now most interaction is via a screen. The screen promotes sharing of documents and makes it better to conduct a meeting.

If we had been using faxes before Covid would you argue that we should drop email and return to faxing documents?

[Anonymous]

Anonymous wrote:I am so tired of hearing the complaints of RTO. The pandemic was a special TEMPORARY event that propelled these decisions. Everyone’s life has returned to normal (school, travel, etc), but yet those working from home think RTO shouldn’t affect them. Quit, don’t quit, nobody cares.

A lot of people do care even if you don’t. It’s majorly disruptive and causes good people to leave. It takes precious family time away from parents so they can sit in traffic to move their laptop from one building to another to use Microsoft Teams. It’s bad for the environment…I could go on.