Attrition and Morale is a big problem...mgt meeting

Was in a fairly senior meeting today. Those two came up as well as "flight risk" employees.
One of the senior mgrs who i respect a lot did not hold back and said something to the effect:

We've cut their year end comp last year, we've replaced those who left with internal candidates because external hiring was not allowed...and those have not picked up speed yet and now we have asked them to make it 5 days a week back into the office without compromise. I think we can all agree that Morale and these series of events are correlated.

There was no argument there and I think even this level of senior mgt (exec MDs) stopped short of saying what we truly needed to fix the issues.

It turned into we need to encourage them and their ideas so that they can show "their whole selves to work".

It's like even senior mgt 2 down from CB are afraid to speak to these issues related to comp and RTO.

BM and team have dug in their heels and worked with local politicians to bring back NYC (this was in NYC btw) by sending the sheep to the sl------r house so they can spend their days grazing at the local chain stores....

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@1glz+1cSVtknn

Yeah I don’t buy those reasons so much either, some uptown businesses have been hurting long before the pandemic… I.e. Epicenter

Data security may be a valid reason but I haven’t heard that said. All they’ve mentioned are empty slogans “we are better all together” or “we’re an in the office culture”.

Several of us in my area have asked about hybrid or real flexible working arrangements but these questions have been ignored and unanswered.

Post ID: @1swk+1cSVtknn

Some of the reasons I heard include 1) if so many people wfh, there is data security concern from regulator's perspective and 2) the businesses in CLT uptown are suffering so the bank needs to bring some ppl back to support them.

I don't buy it but that's what I was told.

The bank really cannot compete for talnet in some positions for 2021. Other companies can offer better TC as they have reduced their office expense along with better benefits of remote work.. and not suffering with worst of the worst, the open office.

Has anyone heard a truly compelling reason from Sr Leaders as to why the Bank wants back office employees to RTO so bad?

"It turned into we need to encourage them and their ideas so that they can show 'their whole selves to work'."

This is exact attitude that is causing the issue. They talk in circles, spewing nonsense instead of addressing the issues. Introduce real flexibility in where we work; pay your people better; focus on banking.

I'm not interested in bringing my whole self to work; that is one of the most id--tic things I've ever heard.

How about Brian and his management team returning to the filthy gross open floor plan like they require for the rest of us?

To Post ID: @qhw+1cSVtknn
I thought that too. Maybe that's why BOA is circling the commode bowl.

if they need a dose of reality just send them the link to this forum. write it on a piece of paper and slide it under the door.

@tda+1cSVtknn

The vax reporting tool not being confidential... is such a good point. I didnt even realize this.

Everyone who is back in the office today GOT THE SHOT... so... we know who has it, and who hasn't reported their status, but at a minimum who has it. HILARIOUS. What a play. Truly, truly amazing work BAC. I'm impressed.

It continues to baffle me why BofA hasn't committed to a hybrid work model to gradually transition employees back to the office. Most corporations are doing this because they know full well that a fully remote to fully in-office transition won't play over well among employees.

BofA's RTO has just been a comedy of errors. They even screwed up vaccine portal compliance by misleading associates into believing it was a completely confidential disclosure, only to use it to lure honest employees back to the office ahead of non-compliers. They essentially abused many people's trust. The Bank's RTO implementation has been so misguided that it has even led many of us to believe it was done to intentionally drive up attrition. Bottom line, whoever is making the call is either indifferent, ignorant, or perhaps both.

Wait, isn't BM a medical acronym for Bowel Movement?

Thread regarding Bank of America layoffs

Attrition and Morale is a big problem...mgt meeting

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