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Best Buy's CEO wants "all hands on deck"

Following in Yahoo's footsteps, Best Buy will no longer allow corporate employees to partake in company telecommuting.

Best Buy launched the ROWE program in 2005, which stands for Results Only Work Environment. This meant that corporate employees were only evaluated on performance rather than time worked or attendance to the Richfield headquarters. This program didn't apply to store employees.

However, Best Buy CEO Hubert Joly has decided to end the ROWE program and start bringing corporate employees into the office. He's doing this because Best Buy has been in a rut lately, and bringing employees into the office encourages collaboration and increased innovation.

“It makes sense to consider not just what the results are but how the work gets done,” said Best Buy spokesman Matt Furman. “Bottom line, it’s ‘all hands on deck’ at Best Buy and that means having employees in the office as much as possible to collaborate and connect on ways to improve our business.”

Just last week, Best Buy laid off 400 corporate employees in an effort to save $150 million. The company also axed thousands of jobs last year in an effort to stay afloat financially during times where e-tailers like Amazon were taking over retail with cheaper prices and faster shipping.

Yahoo CEO Marissa Mayer started the "end telecommuting" trend last month when she pulled that privilege from the search company's telecommuters. She said speed and quality are sacrificed when employees work from home. In fact, an internal Yahoo email read the following:

"To become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side. That is why it is critical that we are all present in our offices. Some of the best decisions and insights come from hallway and cafeteria discussions, meeting new people, and impromptu team meetings. Speed and quality are often sacrificed when we work from home. We need to be one Yahoo!, and that starts with physically being together."

Source: Star Tribune



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Paid too much lately?
By bebimbap on 3/6/2013 6:32:02 PM , Rating: 2
quote:
Just last week, Best Buy laid off 400 corporate employees in an effort to save $150 million.


anyone do the math? the 400 people laid off had an average salary of $375,000 /year if that $150 million saving is per year....




RE: Paid too much lately?
By viperfl on 3/6/2013 6:43:18 PM , Rating: 2
quote:
anyone do the math? the 400 people laid off had an average salary of $375,000 /year if that $150 million saving is per year....


That 150 million probably includes salary, bonuses, benefits, and other things.


RE: Paid too much lately?
By bebimbap on 3/6/2013 6:47:32 PM , Rating: 2
I'm going to assume a vast majority of them take home 6 figures after taxes


RE: Paid too much lately?
By bebimbap on 3/6/2013 6:51:17 PM , Rating: 2
Not saying earning a lot is evil, but they probably got paid too much for the work they were doing.
Trimming the fat imo.
The taking away benefits, i'm just going to assume people abused the benefit and it was thus taken away.


RE: Paid too much lately?
By Ananke on 3/6/2013 7:39:38 PM , Rating: 2
It probably includes the building i.e. office space, its expenses ans some other things totally not related to those poor souls' salaries....


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