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
The product was distributed in several but no illness has yet been reported.
17 hours ago
While most people disagreed with what the mall did, there were some who understood the reason.
17 hours ago
People are seemingly having a hard time saving apart from their retirement funds.
18 hours ago
“These people are working and contributing and helping to reduce the debt and deficit,” an economic expert said.
18 hours ago
As per a provision in US laws, the IRS had no right to levy penalties in the pandemic years.
18 hours ago
The US had sanctioned Russia heavily over its military exercise in Ukraine.
19 hours ago
While gas prices have jumped, diesel prices have skyrocketed across the country, averaging at $4.78
1 day ago
Last year, Buffett stepped down as the CEO of Berkshire Hathaway.
1 day ago
Many who feel financially behind are embracing “financial nihilism,” placing bets on high-risk options instead of traditional investing.
1 day ago
It was one of the rarest instances in the show in which a contestant had won two cars in one episode
1 day ago
Housing search data flags a shift in buyer sentiment as Californians look beyond Las Vegas for cheaper housing.
1 day ago
The company is doing whatever it can to stay ahead of its competitors in the field of AI.
1 day ago
Industry leaders warn that the Iran conflict could push fertilizer costs higher and eventually drive food inflation.
1 day ago
This could lead to domestic migration of the wealthy from the state before the law takes effect
1 day ago
Karoline Leavitt says it won’t affect married women, but critics argue name-change documentation could create new barriers.
1 day ago
As regulators tighten rules and refineries shut down, the Golden State, also known as the ‘fuel island’, grapples with extremely high gas prices.
2 days ago
The answer isn't clear yet, but early signs point to his policy backfiring in a bad way.
2 days ago
Find out how to identify the affected products and what steps to take.
2 days ago
From skipping meals to avoiding driving, Americans have been backed into a corner financially.
2 days ago
The company followed the likes of Block and Oracle in axing thousands of jobs.
2 days ago