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Since Marissa Mayer became chief executive of Yahoo, she has been working hard to get the Internet pioneer off its deathbed and make it an innovator once again.
She started with free food and new smartphones for every employee, borrowing from the playbook of Google, her employer until last year. Now, though, Yahoo has made a surprise move: abolishing its work-at-home policy and ordering everyone to work in the office.
A memo explaining the policy change, from the companys human resources department, says face-to-face interaction among employees fosters a more collaborative culture a hallmark of Googles approach to its business.
In trying to get back on track, Yahoo is taking on one of the countrys biggest workplace issues: whether the ability to work from home, and other flexible arrangements, leads to greater productivity or inhibits innovation and collaboration. Across the country, companies like Aetna, Booz Allen Hamilton and Zappos.com are confronting these trade-offs as they compete to attract and retain the best employees.
Bank of America, for example, which had a popular program for working remotely, decided late last year to require employees in certain roles to come back to the office.
Employees, especially younger ones, expect to be able to work remotely, analysts say. And over all the trend is toward greater workplace flexibility.
Still, said John Challenger, chief executive of Challenger Gray & Christmas, an outplacement and executive coaching firm, A lot of companies are afraid to let their workers work from home some of the time or all of the time because theyre afraid theyll lose control.Read full article>>