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EN
When researchers examined return-to-office mandates across S&P 500 companies, they found no significant improvement in financial performance or firm value, but a clear fall in employee satisfaction — making the policy’s measurable human cost easier to find than its promised economic benefit
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Silicon Canals
Yuye Ding and Mark Ma’s study of S&P 500 companies found no significant improvement in profitability or market valuation after return-to-office announcements.
Employee ratings, meanwhile, moved clearly downwards.
They combined the policy dates with employee reviews from Glassdoor, financial data from Compustat and market information from Thomson Reuters.
Put plainly, mandate firms did not show a detectable improvement in profitability or firm value relative to non-mandate companies.
Employee ratings did change significantlyThe contrast was clearest in Glassdoor reviews.