UPS became the latest member of the so-called “five-day club” this week, joining the likes of JPMorgan Chase and Boeing. UPS Chief Executive Carol Tomé announced the move to require in-person work during a Jan. 30 earnings call, highlighting the importance of personal relationships and the “power of one.”
The emphasis on in-person attendance reflects some executives’ intent to return to a prepandemic work culture. Other leaders argue it is unfair to let corporate employees work remotely when front-line workers cannot, according to the report.
Still, a relatively small number of large corporations are mandating five days in the office for all or some of their staff members. Eighty-two percent of companies in the Fortune 500 offer remote work opportunities, according to software firm Scoop Technologies.
The number of employers requiring a five-day, in-person work week may also be shrinking. At the start of 2023, 49% of companies required full-time attendance in an office, according to Scoop. By the end of the year, this fell to 38%.
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