FIR #435: Physical Presence is Not a Collaboration Magic Bullet

When executives justify their return-to-office mandates, they almost universally cite the collaboration and innovation that result from serendipitous encounters between employees. They also point to the need to boost productivity. The problem with these arguments is that the evidence does not support them. In this short midweek FIR episode, Neville and Shel look at one financial services company that has seen eye-popping increases in performance metrics since listening to its employees and adopting a policy that lets employees work where they want. We also review a report on what it actually takes to build connections and collaboration in organizations.

Links from this episode:

• RTO mandates aren’t for everyone. Here’s what we did instead—and it’s working: Synchrony CEO
• Synchrony’s Rick Hartnack: ‘Remote Work Model Is A Competitive Advantage’
• What Employers Get Wrong About How People Connect at Work
• How to Improve Employee Engagement in the Workplace
• 5 Strategies To Boost Employee Engagement In The Workplace

The next monthly, long-form episode of FIR will drop on Monday, November 25.

We host a Communicators Zoom Chat most Thursdays at 1 p.m. ET. To obtain the credentials needed to participate, contact Shel or Neville directly, request them in our Facebook group, or email fircomments@gmail.com.

Special thanks to Jay Moonah for the opening and closing music.

You can find the stories from which Shel’s FIR content is selected at Shel’s Link Blog. Shel has started a metaverse-focused Flipboard magazine. You can catch up with both co-hosts on Neville’s blog and Shel’s blog.

Disclaimer: The opinions expressed in this podcast are Shel’s and Neville’s and do not reflect the views of their employers and/or clients.

Raw transcript:

@nevillehobson (00:03)
Hi everyone, welcome to episode number 435 of 4 Immediate Release. I’m Neville Hobson.

Shel Holtz (00:11)
I’m Shel Holtz. I was reading an article the other day by Brian Doubles, the CEO of Synchrony, which is a financial services company that offers consumer finance products. My Chevron gas station credit card is a Synchrony product. Doubles wrote in Fortune that amidst all the CEO calls for employees to return to the office, he’s had no second thoughts maintaining Synchrony’s policy, which I can best sum up as whatever. Want to work from the office? Fine. Work from home?

That’s fine too. Wanna be hybrid? You got it. Doubles does ask employees to live close enough to an office that they can get there for occasional meetings, training, and culture events. This policy stemmed from a survey of employees who said they wanted to be able to have work at home as an option and have access to the office from time to time without concern about it threatening their career or being seen as a negative.

Now, despite everything we’re hearing from the CEOs who are justifying the return to office mandate, Synchrony, using its approach, has risen to fifth on the Fortune 100 best companies to work for list. That’s up from 51st in 2019. And 95 % o