The next step after return-to-office mandates? CEOs intend to kill hybrid work. The latest KPMG 2023 CEO Outlook, a survey conducted with 1,325 CEOs of companies with revenues over $500 million, found that 64% of CEOs of large companies envision a reversion to the pre-pandemic office routine within the next three years. In turn, 87% are trying to achieve this goal by linking financial rewards and promotion opportunities to in-office attendance.
However, as CEOs steer their workers toward pre-pandemic norms, they could be trading off long-term organizational health for short-lived gains. After all, a new BCG survey of 1,500 global office-based workers found that nine in 10 respondents consider flexible work options important when looking for a job. Additionally, employees dissatisfied with their work model are 2.5 times more likely to consider leaving their organization in the next year compared with those who were satisfied.
