Thread regarding Bank of America layoffs

I have a coworker who has had success in finding part time nannies by placing ads through his local colleges (as well as word of mouth to neighbors and church friends). If your kids are younger, it may not work. But if your kids are in school, one of my teammates found a responsible student majoring in education and she only had morning classes… was able to work 2:30-5:30 every day by picking up kids from school and getting them situated with a snack and homework (she did hers while they did theirs). Kids loved her like an older sister. I think he paid her $1000 a month and he said the child tax credits he claimed helped offset a little bit of the costs too. Unfortunately she is about to graduate so he is on the hunt for a new helper again. Good luck, I know it’s hard out there!

I looked at this a while back and thought sucks for them...I have 4 kids ranging from Kindergarten to 5th grade. I never have had issues with childcare until I looked for this summer...not many openings at childcare centers (1 here and 1 there but none taking fo-e than 2)and no teenages in neighborhood willing to watch all of them...Via Care.com found someone was willing for $35 per hour (prior years would cost $15 per hour)...not sure it makes sense to $1,575 ($35 times 45) to make $1,950 a week ($101,500) less taxes maybe $1,500....

Make it make sense BM...

@wvu+1fPRslYQ that's the definition of inflation - guess what, people in 1990 also made significantly less. I do agree that the Bank's yearly increases have not kept up with cost of living increases, but that's a separate matter. The reality is you do not have it harder than your parents or grandparents, apparently you simply think you do.

@2gus+1fPRslYQ to be fair it doesn't matter if they are working through their lunch in order to pick up their kids later, or not, if their response never comes. From what I've seen 80% manage it fine while 20% do not and/or take advantage. Either way, though, I doubt it has much to do with the Bank's RTO push.

@1wuv+1fPRslYQ Are you one of those who constantly wait until the last minute to throw deadlines at folks? It seems to be a common issue at BofA.. a failure to plan on your part does not constitute an emergency on others.

And most working parents, Put in at least 9 hours a day when WFH (I know I do since I don’t have the 50min commute each way). I make sure my kid gets in the door, then she’s on her own/self-sufficient; yet, too young to be home alone. But it is (and has been proven over the past 2 years) possible to work from home while kids are under the same roof as folks set expectations for the family so there are no interruptions.

As for folks who pick up kids mid-day… either they need to get their act together, or have you considered that they’re working through lunch so they can leverage that small work-life balance opportunity?!? A parent picking their kid up doesn’t mean they haven’t put in more than 8 hours a day, or didn’t adjust their schedule to take a later lunch break. I know leaders who have been working in the office and are constantly leaving 2-4 hours early regularly for their kids extracurricular activities, so that really doesn’t justify why you’re constantly behind on deadlines.

I am a huge advocate of WFH and I’m very sad to have to go back in. But even I admit that during WFH, the vast majority of people who didn't respond to me were people who were taking care of their kids. I can’t tell you how often I was on deadline and I got a response like, “I’m so sorry, I had to pick up my kid from soccer practice.” Every. Single. Day.

I know that people are much more responsive when they are in the office and don’t have distractions. It’s easier to walk over to someone’s desk and force an answer on status, instead of waiting for a response via email that NEVER comes.

If anything, I blame having to come back into the office on all the unresponsive people who didn’t work (and even if you won’t admit it out loud, you know who you are). You ruined it for everyone else who WFH and actually did work.

Just my opinion, which I know nobody asked for :)

@wvu+1fPRslYQ Do you realize the average house in 1990 was around $76k?!? And average rent was $445/mo! Yeah, big difference.

Also, the average cost to raise a child in 1990 was $120k vs $272k in 2022.. the average annual income in my State was $47k in 1990.. my income is nowhere near double that.

So I honestly don’t care what anyones definition of inflation is because I got a 2% raise last year, yet everything from gas to food to daycare (if I could find a location with availability) basically doubles expenses… again, only a 2% raise.

@mjl+1fPRslYQ To actually be fair, the bank should acknowledge that childcare is not available (hence waitlists)… they claim to offer childcare assistance, but guess what!?! Those programs can’t help because they can’t find centers who have availability either! I’ve never had a problem with my kids being taken care of or having access to an after school program prior to 2020, so it’s not me being a slack parent asking for a handout.. just asking for some reasonable flexibility so my husband and I can alternate WFH schedules to ensure an adult can be under the same roof as our kids when school ends at 1:45pm. No school buses and not after school availability.. so what do I do other than have to quit?!? Meanwhile, others are finding stupid reasons for having the option to continue WFH. Life has changed for many and I don’t care if they give us 30, 60, 500 days notice to return.. if my kids aren’t safe due to zero options, I’m NOT going to be a 45+ min commute from them. I’m a very strong performer (exceeds/exceeds for 11 years).. I have to simply move on to another company as many others offer reasonable flexibility.

1. The Florida government won’t do anything.
2. To the person who claims the religion claims are reviewed and approved, therefore legit.. you’re wrong. Someone on our team claims they haven’t received the vax, but they can’t work from home because it’s against their religion to use a computer at home. Seriously!? Say what you want, but it’s a ridiculous EXCUSE.

@mak+1fPRslYQ speaking of inflation - you do realize inflation in 1990 was 6.1% in the US and over 4% each of the previous 3 years. The average mortgage rate in the US in 1990 was 10.13%, so yes the "older generations" have lived through tough times with both parents working. This isn't new, just compounded by the fact that inflation has been kept artificially down for the last 9+ years. I agree, though, it's not easy to pay bills and raise kids today.

What's the problem with having taxes pay for childcare? Our tax dollars paid a huge bill for childcare in the Whitehouse from 2016 - 2020. Everyone in that administration had to take turns babysitting the dotard who behaved like a deranged spoiled brat constantly having unhinged tantrums.

The cost of raising children back in my parents days and grandparents days were not sky high like today.
Back in the day my grandfather could support his wife, his two kids and purchase a house all while working for Motorola.
How many BofA parents can make ends meet with one job? In 2022

Back in the day it was normal to have one sole bread winner and you can barely make it with two working parents in 2022.

No it’s not upto the bank to provide assistance for children but it’s easier for those to say that who have the “get over things mindset” I bet your children are grown now. You should be thinking of your grand children if you got any.
So inflation should deny them the right to have their own family? No you would be fighting the bank too!!

Truth be told, my generation, our generation and my kids, our kids all around are robbed of what was the idea of a stay at home parent and a working parent like my grandparents were able to do.

And usually it’s the older adults who fault parents like me and many others like me at BofA. It’s a damn shame. Because “well you should’ve made sure you can afford kids” well yeah who can afford anything now a days? House, car, kids? So that old saying doesn’t even make sense when you look at inflation and rate hikes based on pay. $1800 a month in daycare for my two kids and rent $1500.

No one can afford that, even those working years at BofA. So be realistic.
Stuff has seriously, seriously got to change. Even using bofa “child reimbursement” is a joke, upto $250 per get IF you qualify. And they make sure you don’t, plus it doesn’t even tickle the $1800m daycare payment.

To the older generation, I know they had it hard, but inflation wasn’t where it is today back when their kids were growing up other wise this would be a critical topic for them too.

Now we get half a-s day care workers who are leaving kids alone in daycares or throwing the children across the room breaking an arm. (As seen recently in the news)
It’s a risk to out your kids in daycare! It’s overpriced and unsafe.

So yes BofA should make hybrid an option for everyone just in general.. to save money for all.
But especially it will make a difference for the kids now who are going to take over this sh-t hope world.
Our kids deserve to have one parent home not daycare 10+ hours a day and pay some greedy day care $325 a week for one child not even including their meals.

Another thing from the older generation is the lack of support for single parents.
That is disgusting.
Peoples lives change. Make it simpler, HYBRID! It’s not hard.

I am usually anti parents demanding things because they are parents and darn anyone else but in this case lack of childcare is real. You can't leave small children home alone.
Flexible schedule should be available to everyone.
Pushing the childcare back on the government will raise taxes because nothing comes free.

Maybe you need to find God, then a door to religious exemption could be opened?

Don’t mean any disrespect but to blame folks for having a deeply held religious beliefs and then blaming your lack of available childcare does not seem to be the same.

To be fair, the RE process goes to a committee of various people including clergy (so I was told), so to say some frivolous reasons would qualify is a complete ignorant statement.

Voice your frustration but single out those who went through an approved process provided by the bank is simply not fair.

I wish you luck, I know it’s not easy being a parent.

When the bank continuously talks about great child care discounts they offer. They better offer it. There are never enough slots and a huge waitlist for the selected daycares near the campuses they list. Has NOTHING to do with local elected officials.

Totally understand the frustration and I agree it's a problem but, to be fair, it's not the Bank's responsibility to ensure you have child care. What are you local elected officials doing to address the problem?