Was informed today that senior leadership is mandating return to office for those that are in a hybrid working model (3 days on average). They will be enforcing the policy by tying attendance to an annual performance goal for the employee.
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Would you be able to clarify your last sentence further?.
This company recruited a huge number of people under the guise of “moments that matter” where we would come into the office for only special occasions. Being naive we believed their sales pitch and we quit fully remote jobs. Does Elfio care? Not one bit. AC is a step a way from being committed into an old folks home by the McKinsey Crew. He’s clueless amongst his big bank peer CEO’s. Welch/Walsh/Welp is running around building cult around his red shoes and stories on how he got hired at McKinsey even though he bombed the interview. CunningHOG is running around trying to rid the company of employees with conservative values and wanting to hire unqualified folks to check the box for “diversity”. 2024 is going to be bumpy folks.
Number 1 priority now is to find another job. Number 2 priority is to take out all my money, close my accounts and take it elsewhere. Might start on number 2 early I’m sure the management committee won’t care… they really do not care about employees who are also their customers
Reasons this will backfire:
People will come in late due to long commute we aren’t used to anymore (if they even come to the office).
People in my department would take 2 hour lunches before Covid so good luck getting all those meetings in.
People chatterbox for at least 1-2 hours about complete nonsense or go grab coffee and disappear so not much work will be getting done.
People will go home at 5pm and will not do any work after hours like what we are used to doing now.
People will be taking sick days left and right.
Good luck Elf-yo
Time to use up my accrued sick hours
The company has 77,000 employees and good number of these are retail employees. Does the company truly need all 77K to function? NO. They will trim the fat with the RTO policies being rolled out and you better bet they will avoid paying severance at all costs. The goal isn’t to force people into offices, it’s to get people to quit.
Interesting so with 90k or so employees spread out between these 20 hubs they expect 4500 workers at each location… yeah okay that’s going to happen. NOT!
Maybe AC and the committee should start researching or just do us all a favor and shut down. https://www.usatoday.com/story/money/2023/12/21/remote-work-from-home-trends-2024/71991203007/
The verbiage in today’s email gives me the impression that remote employees could be affected as well. There will be 20 hub offices and I’m assuming if you do not live within a commutable distance from one you’ll be let go. They will give employees a certain amount of time to relocate and then bye bye with no severance. This is a big assumption on my part but large companies have followed this strategy.
This will backfire.
People wont stay on after 5pm do do any work or attend any last minute meetings.
Lunch hours will be off limits for meetings when they were not when we worked from home.
Good luck recruiting hot talent coming out of college. They are not interested in your archaic mentality.
Oh, and quiet quitting will have a new meaning.
"Is it all hybrid employees regardless of location? Or is it specific to business line or manager discretion? Why wouldn’t we receive this communication directly from our manager via an actual conversation? What a cr-p way to receive this communication - a mass email. Eye roll"
They know that the leaders under the C suite don't align. We were basically scolded on our call last night. Likely your manager didn't have a day in the decision and shouldn't be forced to lay down the law that they do not agree with.
I was 100% transparent with my team this morning so they were not caught off guard when the memo finally came out. People leaders are being given two goals in workday, one to get their butts in the office and the other to get there teams in the office.
Sounds like it's a way to make people quit instead of laying off and giving severance packages...
I wonder if this might prod some older workers to retire? I have noticed many older employees in their late 60's and 70's not retiring. Maybe because they can take it easy and work from home. I know some that actually go on vacation and just take their computer with them. Check in during the meetings. This RTO might open some opportunities.
Sounds like US Bank leadership is implementing co-mie tactics. What’s next? Lock us up in the cubicles from 8am-5pm?
Merits already don't align with inflation rates and now my cost to work will increase. The kool-aid drinkers can call me a baby but those that are home based will have a financial advantage for the same role.
RTO just confirmed on WCIB strategy call. Email at 2:30, 3+ days a week, “significant impact on career and compensation.” Ugh.
Is it all hybrid employees regardless of location? Or is it specific to business line or manager discretion? Why wouldn’t we receive this communication directly from our manager via an actual conversation? What a cr-p way to receive this communication - a mass email. Eye roll.
@1ftp+1qJGdtmT Are you HR bot? Cause you keep posting same cr-p like you’re getting paid to push their outdated agendas.
Everyone has a choice about what’s best for them in both work and life. If RTO isn’t for you, find something else and call it quits. Whining won’t change the bank’s RTO plans. Enough with the “it’s not fair” comments. Life is not fair, deal with it. Look at this messaging through this lens: those that choose to complain about RTO or choose not to RTO will eventually be weeded out and let go through disciplinary means, meaning fired without severance. I’m sure this is the bank’s plan to reduce cost naturally, without a big reorganization or large-scale reduction in force. You are an at-will employee, the bank is your employer and can dictate where/how you are employed. Facts, not opinion. Grow up.
Time for cancel culture to step in and cancel some of these unfair, old regime practices. Make it known you don’t stand for this one sided bias.
Look the only people that are complaining about this is those that have gotten Uber comfy about not being held accountable.
Fight it all you want while you go look for a new job. But you’re not going to win. Quit your bi--hing and move on.
We’ve got a lot of problems around here, constant turnover, no training bandwidth for replacements, lack of any resources, dinosaur technology creating daily client issues. I am amazed what my team is able to accomplish DESPITE the bank systems. Now crummy AIP#’s. WFH isn’t the problem
Curious what US Bank’s home based Innovation team thinks of this. Inn0VAtioN
So when an executive works from home confidential info is magically secure? Did Elfio (moderator, this is NOT a name of an employee. I fully expect you to delete this post which will show how much in the pockets of USB you are) provide a new super secret secure internet as part of their bloated benefits package?
this reminds me of when Jerry Grundhofer came from Cincinnati and declared that email wasn’t necessary, they utilized ‘broadcast faxes’. Similar, small thinking
Email won, Remote working has too. These little tantrums from USB senior management are very revealing. Not big thinkers, this group
Did anyone hear one of the bs reasons for returning? “ confidential info isn’t secure at home “ or some cr-p. So it’s secure the other two days? Isn’t mortgage operations all home with customer confidential information? They are so full of it it’s disgusting.
in technology 70% of the team are contractors that are remote or off shore! Really d-mb logic that we need to be in the office together!
Andy is ruining this company!
I miss Richard Davis.
https://www.hottakes.space/p/remote-work-won-dont-let-anyone-gaslight
Don’t let them gaslight you back with their last ditch effort. They are trying to avoid paying severance.
Isn’t this another form of discrimination or injustice? Making employees feel like they are criminals and can’t be trusted to do work from home all of a sudden because office real estate is sitting empty.
Ironic that the same day we get notice of the ROT, the building meeting minutes mentioned the 65% profit decline for the nasty Aramark cafe in our building and encouraged employees to spend money there. Maybe a perk for RTO should be free meals at Aramark since the food there isn't worth half of what they charge and the bank is only offering a fraction of a cost of living increase.
No one else caught his lie about why bonuses are down? Nearly all AIP % in every department is the same. Not possible unless they gave everyone the same. Kept the rest back to keep expenses down
Oh really but didn’t some of the senior leadership move out of state during Covid and many of them work remotely? Yeah what a way to sc--w the little guy.
It was my understanding that the new RTO program was a minimum of 3 days out of the week being in office, meaning that some individuals may have more obligations tied to performance to be in office, but it was all based upon "what other banks in our peer group are doing."
Remote employees need to come back too. How is it right if we have coworkers sitting comfy at home and while we have to commute to the office? If we were all in it together it wouldn’t be so bad. Also since they want to copy what others do, we need “work from anywhere” days, Fridays off in the afternoon for employee development and no meeting Mondays, not to mention better pay. Copy that!
What problem does RTO solve? Really shortsighted priority
It’s been asked, recommend and now it’s mandatory. It’s the equivalent of the parent counting to 3 to a toddler. Well toddlers, sc--w and find out what happens.
Be grateful it’s not 5 days. Stop being babies and get your butts in seats. Oh and if you think you’re going to cheat the system that whole VPN thing will be your downfall.
3+ days per week in the office will need to happen in Q1 of 2024 - not as a nice to have but a must do for all hybrid and office employees. Many upset, sad, disappointed employees will have to decide if this is what’s best for their lives and careers
I quit
All has to do with keeping commercial real estate values up and continuing to get kick-backs/tax breaks from the city.