“Overall, our results do not support the argument that managers impose these mandates to increase firm values,” he wrote. “Instead, these findings are consistent with managers using RTO mandates to reassert control over employees and blame employees as a scapegoat for bad firm performance.”
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"When the going gets rough, blame the worker" seems to be the corporate mantra. I'm sure there are some exceptions, but I'm not surprised that return to office mandates generally aren't correlating with improved performance. It's always felt more about reasserting control than boosting productivity.