I have not inquired in more detail but is it true that all our direct competitors are offering far more generous WFH policies? Maybe Schwaab could try to catch up a bit with the competitors because in case that is true it will not be a surprise if more and more people leave for the competitors.
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I just got an offer and will be leaving soon. $230K base, $75K cash signing bonus, $100K stock options that vests 25% each year over 4 years. Permanent telecommute option. All other benefits are on par.
What can you do for me?
Steak sauce here. If you get a great offer, with stock options and cash sign on bonus, talk to me first. I will double whatever offer you get to retain you. Provided you are at the right level. Anyone below Senior Manager need not bother.
I left Schwab because they are so far behind most of our other competitors. Most are offering lavish sign-on bonus, an annual twice the size of what mine was, and company stock - all for signing on to a new role.
There is an abundant supply of 'remote forever' positions that to not require vax or wearing masks all day in a cubicle. You owe it to yourself to at least look and see what it out there.
@2poq+1dienc8m Don’t feed the trolls.
It’s someone from Schwab HR or Leadership trying to delegitimize the conversations here. Just ignore them.
You are advised to cease and desist. I am steak sauce.
Hey can you people show some respect and decency here? This is a forum for adults, discussing issues related to our livelihoods and future, that has real consequences. Please stop with these childish posts. You are not funny.
You're talking about those laser blasters they installed inside the shiny new buildings. That is some serious hardware dawg. Forget 'bout it. Who needs FPGAs or GPUs in our data centers, when we have "laser blasters", homes. Yo ese, it's like, pew pew.
With the investments that Schwab put into those buildings, I don't think for sale is an option. They have advanced tracking devices inside the walls, floors, ceilings that are used to track the employees. They scan you to see if you have the COVID vaccine. That is some serious technology homes.
Maybe it's time to put up a 'For Sale' sign on some of these properties? Times have changed and although Schwab is constantly behind the times they need to take a glimpse into the future for a change.
Fidelity has been very good about WFH, look at their open positions and many are WFH.
Unfortunately, Schwab has those shiny new campuses in Lone Tree and Westlake that they don’t want to sit empty.
I left Schwab six months ago and have never been happier. My new company offers a better work/life balance and better benefits. Its a lot more than just WFH. Honestly Schwab is well behind other companies when it comes to benefits and employee relations. It's a climate of fear over there now and has been for a while. I I know two people employed now at Schwab that are just waiting for their bonus and they are leaving.
It's just not a good company any more. Poor leadership. How they could have seen rising interest rates in this climate is an example of how off base management really is
Wow, someone didn't fall asleep during the mandatory yearly ERM training. I think the challenge will be the Ombudsman. I love really love that word. It just rolls off your tongue. Ombudsman.
The competitors are offering more generous work from home policies, but it’s not quite that simple. For now, FINRA’s blessing allows that to happen. Should FINRA revoke their work from home rules, then each house has to essentially be treated like a branch and the attendant inspections, which would be very expensive and a lot of administrative work. But if it’s cheaper than keeping overpriced office space, it could work. Schwab just invested megabucks into their new facility and they do not want to see it sit empty.