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Return-to-office policies are driving people to sell their homes - even at a loss
(finance.yahoo.com)
this post was submitted on 14 Sep 2023
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I know lots of companies are handling the wfh and return to office situation poorly. But to provide a counterpoint, at the start of covid, I led all the engineering teams in a large organization with dozens of sites. When we went to wfh we made it clear that we were authorizing remote work with the contingent that the team could be called in as needed, not to move outside of the area, and not to travel more than two hours away when on call (1 week every two months) etc. Sometimes things break bad enough you need the team's to be physically present at a location, or doing major border device work, etc.
Either the organizations didn't message properly, or a lot of people moved despite being told that the wfh wasn't a permanent remote work accommodation. I'm all for remote work and hybrid, etc, but on a personal level buying a house outside your commute range while knowing you might get called in someday and being brown to your job... just poor decision making.
Fwiw, I approved permanent remote with for all my staff who didn't have any physical responsibilities. For those whose jobs involved any physical infrastructure, the best a could do was hybrid with no minimum number of days in office, just come in as required for the work.
I wonder with these types of stories. The people were either lied to by the company, which I don't ever see mentioned, or settled down without making sure they could. If you're signing a mortgage and not thinking beyond a few years then it's partially on you. Partially because covid lockdowns were a crazy time, companies weren't communicating well because they didn't have a plan, and recent RTO policies aren't for the reasons the company claims.
Given the prevalence of bad management, I'm sure some people were lied to, or the manager believed wrongly that it would end up being permanent, etc. However, anyone who moved and signed a mortgage without a signed remote work agreement was making a heck of a gamble. None of my folks did that, and in my overall division I only knew of one person who moved without a signed agreement, and they ended up being let go of. The funny thing was, for that person, they likely could have gotten a full remote work accommodation if they had put the request in because as a developer they had no physical infrastructure to touch.