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
This was less than the median down-payment of $34,000 that Americans paid last year.
13 hours ago
Since Bitcoins were stored in digital wallets, for the next whole day, Koch frantically searched for the password to his wallet. 
1 day ago
Amid high interest rates and ballooning monthly mortgages, a photo of a mortgage payment slip from 1952 has baffled people.
1 day ago
Ikea’s campaign showcased the towel's versatility and took a dig at high fashion by offering the product for much lower.
1 day ago
"Wow spending $109 at Albertsons just for a couple of basics is brutal"
1 day ago
The six mile stretch nicknamed "Road to Nowhere" now sits as a popular tourist destination.
2 days ago
The creator couple, who booked the room at Caesar’s Palace, claimed they were accidentally upgraded.
3 days ago
Viewers were shocked to see the price difference between now and back then.
4 days ago
"These companies are desperate to make you blame the employee for the extra cost instead of them accepting a slightly lower profit margin."
5 days ago
"This is one of the best tips I can give as it has always worked for me," she said.
6 days ago
The man accidentally threw away the disk that had the Bitcoin, now worth roughly $482.1 million, in 2013.
6 days ago
You need to look for the series date located on the right of the photograph of George Washington.
6 days ago
The $1.99 necklace turned out to be a piece of art from Aaronel deRoy Gruber.
7 days ago
“It’s bonkers, and trying to prove where we were is quite hard," she said.
Sep 9, 2024
Winfrey assures him that it isn't too expensive saying that it costs only about "a hundred something" dollars.
Sep 9, 2024
While the creator shared anecdotes from her life, research also supports her claim.
Sep 8, 2024
Chris Robarge went viral for sharing a heartwarming story of his anonymous landlord.
Sep 8, 2024
Navinder Singh Sarao, who was nicknamed the 'Hound of Hounslow', was accused of 'spoofing' the market.
Sep 8, 2024
The traveller took to X to share the screenshots of the apps showing the price difference.
Sep 8, 2024
Many took to the comment section and talked about the situation, with some saying that it was no big deal.
Sep 7, 2024