By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Finance > Salesforce donating $10 per day to get workers back to the office is a ‘cute gimmick.’ But will it actually work?
Finance

Salesforce donating $10 per day to get workers back to the office is a ‘cute gimmick.’ But will it actually work?

News Room
Last updated: 2023/06/07 at 7:58 PM
By News Room
Share
6 Min Read
SHARE

Salesforce is trying a new tactic in the battle to get employees back to the office: appealing to their charitable side.

Salesforce
CRM,
-3.35%
will donate $10 to charity for every day that employees go to the office from June 12 to June 23, Fortune reported this week. The company says it hopes to raise between $1 million and $2.5 million for charity through the program, Fortune reported. 

But will it build momentum when it comes to getting workers back into the office? One expert was doubtful.  “It’s a cute gimmick, but if organizations really want employees to come to the office, they need to make the journey worthwhile,” said Melanie Brucks, an assistant professor of marketing at Columbia Business School. 

Instead of providing external incentives or enacting strict remote-work policies, organizations should consider what they can do to make the office a place employees want to be, Brucks said.

“We know that in-person work can be important for tasks such as creativity, but so is employee happiness and company culture,” Brucks said. “Forcing or cajoling people to return to the office is not the answer.”

“‘Forcing or cajoling people to return to the office is not the answer.’”


— Melanie Brucks, an assistant professor of marketing at Columbia Business School

Brucks co-authored a study suggesting in-person teams generate more ideas than remote teams when working on the same problem.

Companies have to walk a fine line when they try out new return-to-office policies. Hundreds of corporate Amazon
AMZN,
-4.25%
employees recently held a lunchtime walkout protesting the company’s three-day-a-week office policy, and the new chief executive of Farmers Group recently set off an employee uproar when he reversed course on the company’s remote work policy. Workers at the company said they had bought houses and made other major life decisions based on the assumption that they could work remotely indefinitely.

Worker satisfaction is at a three-decade high, and flexible schedules play a big role in their happiness, according to one recent Conference Board survey. Compared to fully remote or fully in-office workers, employees with hybrid schedules reported the highest levels of satisfaction, according to the Conference Board survey.

At the moment, the return-to-work tide appears to be turning away from offices. Average office occupancy in the 10 largest U.S. cities was at 47.6% as of June 5, down from 49% the week prior, according to Kastle, which tracks badge swipes in offices. In San Francisco — where Salesforce’s headquarters loom in the city’s tallest building — offices were 42.7% full, Kastle found.

“Worker satisfaction is at a three-decade high, and flexible schedules play a big role in their happiness.”


— Conference Board survey

After declaring the ‘9-to-5 workday is dead’ in 2021, Salesforce seems to now be attempting to strike a balance between ordering some employees back into the office and allowing others to remain remote.

Chief executive Marc Benioff said earlier this year that he wanted certain teams to come in three or four days a week. But the company has also said that “not all jobs require an office.” Salesforce’s share of full-time remote employees was at 27% “and rising” in May, up from the historical average of 18%, the company said.

The company announced plans to lay off 10% of its 73,541-person workforce after it “hired too many people” during the pandemic. That restructuring, and a proposal — later scrapped — by Benioff to rank employees based on certain metrics and then lay off people with the lowest rankings, may have lowered morale among Salesforce employees, MarketWatch columnist Therese Poletti wrote in March. Benioff refuted that in an interview, saying that the company’s culture “is still very strong.”

“It’s a culture of volunteerism and giving, it is still very much alive and well,” Benioff told MarketWatch. The new fundraising initiative, called Connect for Good, is in line with the do-gooder image Salesforce cultivates. The company says it follows a 1-1-1 model, giving 1% of equity, 1% of product and 1% of its employee time to the community.

“Giving back is deeply embedded in everything we do, and we’re proud to introduce Connect for Good to encourage employees to help us raise $1 Million+ for local nonprofits,” a Salesforce spokesperson said in a statement.

Salesforce shares are up 55% year-to-date, compared to a 1.56% gain for the Dow Jones Industrial Average
DJIA,
+0.27%
and a 25% increase for the NASDAQ Composite Index
COMP,
-1.29%
during the same period.

Therese Poletti and Emily Bary contributed.

Read the full article here

News Room June 7, 2023 June 7, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Canada and India reset relations as Mark Carney and Narendra Modi meet

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

BCG pitched to UN before helping rival Gaza aid plan

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Defining ‘forever chemicals’ is a job for science alone

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Netanyahu is good at starting wars, but it’s ending them that matters

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Israel-Iran latest: Vance says Trump ‘may’ take further action to end Iran’s nuclear enrichment

Donald Trump “may decide he needs to take further action” to stop…

- Advertisement -
Ad imageAd image

You Might Also Like

Finance

4 Ways To Avoid Fake Shipping Fee Swindles

By News Room
Finance

Dell Supports Endeavor Miami’s Quest To Empower Black Founders

By News Room
Finance

The World’s 10 Most Expensive Cities To Live

By News Room
Finance

Biden Sends Student Loan Forgiveness Emails To 800,000 Borrowers

By News Room
Finance

New Student Loan Forgiveness Application For Those With Medical Issues

By News Room
Finance

Who Really Owns Nursing Homes, And How The Feds Are About To Learn More

By News Room
Finance

Gone Are America’s Cushiest Federal Prisons

By News Room
Finance

Can You Still Get Insurance After A Cancer Diagnosis?

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?