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At the end of last year, Wayfair CEO Niraj Shah had a clear message for workers heading into 2024: “Winning takes hard work.”
“Working long hours, being responsive, blending work and life, is not anything to shy away from,” Shah wrote in an email to employees first obtained by Business Insider. “There is not a lot of history of laziness being rewarded with success,” Shah wrote.
The online furniture retailer, which also recently announced layoffs, has been working aggressively to return to profitability as the home market remains under pressure. In a statement, a Wayfair spokesperson responded to criticism of the CEO’s message. “In his note, Niraj was reinforcing some of the values that have contributed to Wayfair’s success, including questioning the status quo, being cost-efficient and working hard together to drive results.”
However, employees now have other priorities, new research shows, and more time at the office is not one of them.
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While 56% of workers consider themselves to be ambitious, 47% are not focused on career progression at all, according to Randstad’s latest Workmonitor, which surveyed 27,000 workers globally.
Employees are more likely to consider work-life balance, flexible hours and mental health support as more important, the report found.
Employees would quit rather than give up hybrid work
To that end, fewer want to spend any more time at the office than they already do.
And yet, some employers continue to push return-to-office mandates.
“There is a growing gap in understanding between employers and talent,” van ‘t Noordende said.
Hybrid work is here to stay, for now
Although some companies are ramping up return-to-office plans, most hybrid work arrangements are staying — for now, according to another survey by the Conference Board. Only, 4% of U.S. CEOs said they will prioritize bringing workers back to the office full time in the year ahead.
The share of paid work-from-home days was flat in 2023, Nick Bloom, an economics professor at Stanford University, recently told CNBC. In a post on X, formerly Twitter, he wrote, “Return to the office is dead.”
With top talent still in high demand, employers have to be more flexible and amenable to workers’ wants and needs as it relates to working remotely, according to Vicki Salemi, career expert at Monster, as well as increased time off policies and shorter work weeks.
“This is excellent news for workers who need that flexibility,” she said.
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