Return-to-office mandates have led to high employee turnover and longer time-to-hire for S&P 500 companies, particularly affecting women, senior employees, and skilled workers.
Research suggests that such mandates result in a brain drain of talented employees and difficulties in talent attraction.
A study analyzing the impact of these mandates found that hire rates decreased by 17% and time to fill job vacancies increased by 23% after their implementation.
Despite the attrition, many companies still plan to increase or maintain in-office days, even though a significant number of workers express dissatisfaction with RTO mandates.