Dave Rahardja<p>Even more evidence that <a href="https://sfba.social/tags/returnToOffice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>returnToOffice</span></a> is bad for business: a new study by researchers from U Pittsburgh, Baylor, U of Hong Kong, and Cheung Kong Graduate School of Business, show that <a href="https://sfba.social/tags/RTO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RTO</span></a> correlates with companies losing their best talent.</p><p>“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…These results are consistent with firms losing their best talent, particularly among female employees, and facing greater difficulties attracting talent after RTO mandates. Our study highlights brain drain as a significant cost of RTO mandates, even for the largest firms in the world.”</p><p><a href="https://sfba.social/tags/remoteWork" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>remoteWork</span></a> <a href="https://sfba.social/tags/flexibleWork" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>flexibleWork</span></a> </p><p><a href="https://arstechnica.com/tech-policy/2024/12/companies-issuing-rto-mandates-lose-their-best-talent-study/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">arstechnica.com/tech-policy/20</span><span class="invisible">24/12/companies-issuing-rto-mandates-lose-their-best-talent-study/</span></a></p>