Companies are trying their best to balance the work from home conundrum as cases of COVID-19 diminish. Work-life balance is so important in today’s workplace, it can affect company performance.
In a recent company memo, verified by major news agencies, Tesla CEO Elon Musk has told workers to return to the office or leave the company. “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk said in the memo. “If you don't show up, we will assume you have resigned.”
Major tech firms do not require workers to return to the office full-time, in the face of resistance from employees, as well as the aftereffects of the “Great Resignation” that saw many workers depart in search of better work life balance.
While some big employers have embraced voluntary work-from-home policies permanently, others, including Google, are asking employees to return to office gradually. By contrast, Airbnb has said employees do not need to come to the office at all and can work from anywhere in the world.
What does this mean for me?
As a stock trader, you know by now that you must monitor the leadership decisions of the companies in which you have invested to try to understand if they will succeed.
Tesla is taking a firm stance on a workplace issue that could help production levels, but harm employee morale. It will be interesting to continue to monitor this story.