Several Companies Backtracking On Flexible Work
Disney CEO Bob Iger sent a memo to his employees. In this memo, the company was allowing its employees to work from home twice a week in these times of high demand for work-life balance and remote culture.
It was quietly strange why they are forcing the employees to go back to the office for four days. The CEO said that the company is now reversing course. At the same time, four days return is being made mandatory from March.
Is Disney the first or only company that no longer wants a remote or hybrid culture?
So, guys, Disney isn’t the only major corporation!
Many companies are shying away from workplace flexibility. Twitter, Starbucks, auditing firm KPMG and many other offices are coming back.
Though there was a time when employers were finding this hybrid or remote culture more beneficial and many are planning to continue with workplace and work-hour flexibility. But every day some of the company is forcing their unit to come to the office, and Changning my mind.
While CEOs and heads of companies are saying they want to encourage mentorship, camaraderie, and companionship. Studies show that many employees value flexible working the most.
But on the other hand, remote culture has reduced employee fatigue, improved professional performance, and enhanced work-life balance, but now employers want their employees to come back to the office.
This is the point of mismatch between them.
These days in-person setting is equally important as work. Workers have the upper hand especially when it comes to bargaining for flexibility during a hiring crisis.
But as the economic crisis and inflation are on the rise, companies are cutting down their workforce, so the chances are high that employees will come back to the office fearing job loss.
Work-life balance has changed
Full-time employees working remotely were also sometimes a privilege reserved for workers in very specific special arrangements. It was the time of covid and lockdown.
We all adapt and adjust ourselves after several months. We were working from home in trousers and T-shirts and started doing formal distancing. We Reach work-life balance in remote environments.
But if now in the time of market crisis and job cuts, companies will force their employees to come back to the office and work then it will again create a challenge for work-life balance.