No working from home? CEO says don't expect a trend - KMSP-TV

No working from home? CEO says don't expect a trend

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Yahoo! CEO Marissa Mayer made a big splash on Monday when she announced via a memo that she expects all employees to come to the office from now on -- no more working from home.

"To become the absolute best place to work, communication and collaboration will be important. So, we need to be working side-by-side," wrote Jackie Reses, head of HR. "That is why it is critical that we are all present in our offices."

In Minnesota, this is a big issue, because nowhere else in the U.S. has a higher percentage of people telecommuting, according to a survey by Connected Nation. Approximately 570,000 Minnesotans -- or 22 percent of the workforce -- work from a home office.

Yet, the data doesn't necessarily agree with Yahoo! or its new mandate. In fact, a Bureau of Labor Statistics study released last summer showed that telecommuting "seems to boost productivity, decrease absenteeism, and increase retention."

Furthermore, a Stanford University study released the same day as the Yahoo! Memo found that giving 16,000 workers at a Chinese travel agency the option to work from home increased productivity by 22 percent.

There's also a potential financial benefit. A 2009 Cisco Systems Inc. study found that telecommuting saved the company $277 million a year.

Many high-profile CEO's are speaking up on this topic. Donald Trump tweeted, "@MarissaMayer is right to expect Yahoo employees to come to the workplace vs. working at home. She is doing a great job!" But Richard Branson replied, "Perplexed by Yahoo! stopping remote working. Give people the freedom of where to work & they will excel http://virg.in/fww."

So,, what are the benefits and the drawbacks for both employees and employers when it comes to working from home or from the office? Are we going to see more companies head in the same direction?

FOX 9 News asked Leigh Bailey, founder and CEO of The Bailey Group, to share his take.

Watch the video for more information.

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