Snapshots
In-office policies drive stronger stock performance
October 01, 2024
Contributors:
- Jacob Rowden
- As major companies have taken on different strategies in returning employees back to the office after the pandemic, some performance indicators suggest that more office-oriented employers have seen greater success with equity market valuations—companies with policies requiring three or more days of office attendance have exceeded the growth rate of more remote-friendly companies by 8% in the past year, and an average of more than 6% per year since the onset of the pandemic.
- Success in the public markets could be one reason that executives have renewed their focus on increasing office attendance: in KPMG’s September CEO survey, almost 80% of respondents thought employees would be in offices full-time in the next three years, up from around one-third of respondents in the April survey.
- In addition to Amazon’s recent announcement that corporate employees would be expected in offices full-time in 2024, gaming company Ubisoft recently announced the elimination of remote work and instituted a three-day attendance policy for their 19,000 employees.
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