In this video, I'll highlight a trend you will likely see popping up more and more at the labor market is in transition, return to the office.
Starbucks CEO Howard Schultz is mandating workers to come back to corporate offices at least three days a week in an effort to boost camaraderie and productivity.
The coffee retailer is the latest in a wave of companies that have begun enforcing stricter hybrid work models.
Starting Jan. 30, employees within commuting distance from Starbucks' corporate offices will be required to come in on Tuesdays and Wednesdays but giving individual teams the ability to choose the third day.
Like many other companies, management initially tried requesting workers come in a few days a week, but frankly, most did not. Companies like Starbucks are now resorting to mandates.
This is a trend worth watching as if other companies follow suit; this could be a leading indicator on the viability of the office that is currently in a valuation tailspin.
I comment on timely news every day.... so subscribe below. To get the updates right to your inbox with links, signup for the weekly newsletter at www.thelimitedpartner.com/news, and I'll make sure you are getting the timely information you need to make better decisions earlier. www.thelimitedpartner.com/news.