Calculating the ROI on RTO

Bosses say productivity increases when workers are in the office. It’s one of the main reasons firms curtail remote-work arrangements, or end them outright. But a new study asks: Do profits get any better? Korn Ferry takes a look. Plus, we examine the urgent—and very expensive—race to train workers in the new skills firms desperately need.

1) RTO and the Bottom Line

Bosses know that return-to-office mandates aren’t particularly popular. But for the last three years, leaders have argued that they need employees in the office, because that’s where they’re most productive. There’s some research backing up their argument.

But is that higher productivity translating into better financial performance? Maybe not.

Read the full article here.

2) 5 Ways to Find a New Job After Getting a Promotion

More often than you’d think, workers quit soon after being promoted. A recent ADP study found that since the pandemic, 29% of employees have done so. Experts say, in fact, that a promotion can increase an employee’s marketability.

But a promotion can leave a newly promoted employee in a quandary. Do they stay with the organization that just rewarded them, or look for a new, potentially better role at a new place? Leaving a company after a promotion might be emotionally difficult, and experts say that employees should follow their own best instincts. 

For employees who’ve set their sights on greener pastures, experts say there are key next steps to take.

Read the full article here.

3) Skills Grab

With new AI making headlines and leaders fretting over worker skill sets, firms are spending heavily to develop talent—perhaps as much as $485 billion globally by 2030. But are these efforts to upskill employees working? 

Read the full article here.

Other Must-Reads from Korn Ferry

• Bonuses: Only How Much? - There’s a surprising reason why average bonuses are down 21%—and it’s one some leaders might be loath to deliver.
• Chief Diversity Officers: Reframing the Message - As Black History Month starts, experts are encouraging CDOs facing opposition to push on—with a new message.
• Gen Z Questions How Work Is Done? Good. - Best-selling author Dan Goleman explains why angsty young workers can turn into excellent leaders.

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