ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Companies Are ‘Peacocking’ to Lure Employees Back to the Office; Will the Trend Work?

'Peacocking' means making the workplace so enticing that the employees are drawn towards working in such spaces.
PUBLISHED MAY 3, 2024
Cover Image Source: Employers are trying to lure their workforce back to the office (representative image) | Pexels | Photo by Huseyn Kamaladdin
Cover Image Source: Employers are trying to lure their workforce back to the office (representative image) | Pexels | Photo by Huseyn Kamaladdin

Transitioning back to an office setup after the flexibility of remote work can be challenging for many employees. They have gotten used to the comfort of working in their own space i.e. bedrooms or co-working setups. People find it difficult to step into the office even if it's for a few days a week—they feel like it intrudes on their private space. Co-working spaces might not entice employees as much as they used to. Nowadays, companies are trying to incorporate various tools and techniques and keep up with the trends to make employees just come to the office. They have upturned the office setups into cool spaces with decoratives and leverage to snack and take breaks, but experts think that materialistic changes won't be enough to make people want to come back. 

Making a shift from a wfh to office setup is impossible for some. Image Source: Pexels|Photo by Anastasia Shuraeva
Making a shift from WFH to office setup is impossible for some. Image Source: Pexels|Photo by Anastasia Shuraeva

Companies and employers are going to lengths by providing all the perks in the office to make the employees work in front of their eyes. Bryan Robinson recently published an article on Forbes based on Owl Labs’ 2023 State of Hybrid Work report that defines 'office peacocking' as the attempt to create a work environment employees are motivated to return to. Peacocking means making the workplace so enticing that the employees are drawn towards working in such spaces. This might include incorporating fancy decor, aesthetic furniture, and in-built kitchens with chef making snacks of their choice. 



 

Robinson further quotes the Owl Labs CEO Frank Weishaupt's statement, saying, "Companies paying for commuting costs (38 percent) is at the top of the list, followed by greater privacy at the office [e.g., dedicated offices, more phone booths] (34 percent), and having a way to know when people they want to see will be in the office (33 percent)." He adds, "We also found that it might be a good time to kill the dress code as 1 in 4 employees (24 percent) said they would be enticed to go to the office if they were able to wear whatever they wanted." But the point to note here is that these things might not be what brings the employees back.

Many experts think freshers might feel pressured to adapt to working-from-office setups. Some employees might even think their presence in the office might impress their bosses, resulting in higher hikes and employment growth. On the other hand, office peacocking can backfire on the companies, too. For instance, employees may not be happy if a company only partially pays for commuting costs or moves to a less convenient location. If the office isn't set up well (has rackety phone booths or congested workstations, etc.), employees can end up demanding fully remote work again.



 

Therefore, it is of utmost importance that the companies invest in making real improvements and not just putting on a show. Companies must be more concerned about giving employees more privacy by redoing office spaces. Investment in soundproofing and providing lunch on office days to help offset commuting costs can be an impressive upgrade. Additionally, employees leaving their comfort zone are looking for some fair income with work appreciation but companies fail to give this perk. Hence, office peacocking can only benefit the companies if they genuinely aim at making the office a better place to work than it was before.

MORE ON MARKET REALIST
Healthcare providers cited rising costs and denied reimbursements as the reason for the shortfalls.
41 minutes ago
The affected products have been recalled as the FDA conducts a full-scale investigation.
2 hours ago
The customer had to fight for the product that she was willing to purchase.
3 hours ago
“It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve system," Hassett stated.
3 hours ago
The case is notable as it shifts focus from content responsibility, protected under Section 230 of the Communications Decency Act.
4 hours ago
Vance has had varied opinions about the technology in the last year, some good and some bad.
21 hours ago
The studio audience loved the segment as they cheered the two on whole-heartedly.
21 hours ago
While Warsh compared the current situation with the internet boom, economists differ on the opinion.
21 hours ago
He suggested some changes to be made to the 401(k) scheme to help Americans save more.
23 hours ago
The retailer reverted to a traditional method of doing retail business, which many have hailed.
1 day ago
Costco's notice comes several days after the gift card provider filed for bankruptcy.
1 day ago
Industries that are susceptible to automation include manufacturing, lodging, catering, retail, wholesale, and extraction.
1 day ago
The man in question even went on national television to criticize exactly what he ended up doing.
1 day ago
The country had added 130,000 jobs in January and inflation remained at 2.5%.
1 day ago
Harvey says chitlins are the reason he can “never get COVID.”
1 day ago
The administration has been urged to roll back their policies and lower costs for tourists.
1 day ago
The product might contain a toxin that is produced by mold in fruits, especially apples.
1 day ago
US energy policy under Trump intends to lift drilling restrictions and deregulate to lower equilibrium oil prices.
1 day ago
The product was produced on January 14 and distributed to a number of states.
2 days ago
While the hefty tax refunds can boost consumer spending, the demand may also drive up inflation.
2 days ago