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Fortune
Fortune
Jane Thier

Your workers feel that a full return to the office is like a 2% to 3% pay cut

woman packing up desk (Credit: Dimensions - Getty Images)

Employees have proven over and over again the past two years, by way of joining the Great Resignation, that they’re not afraid to quit. Their reasons encompass everything from underwhelming pay raises to pet policies to return-to-office mandates. Just 6% of workers want to be in the office full-time, which goes a long way towards explaining why companies making the call for them would be hugely unpopular—and costly. And now, thanks to the Federal Reserve, we are starting to learn how much money workers put on their flexibility.

It’s also inefficient; in a September 2022 survey, Gartner found that just 3% of companies would actually fire employees who refused to show up after a mandate went out, and fewer than a third would dispatch HR to talk to non-compliers. 

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