I believe that most of those who complain about RTO will not be able to find better full time remote options. Perhaps you disagree?
Don't get me wrong, I like starting my day with a coffee while working from home too, but so far I haven't been able to find any better remote FT opportunity.
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Unless you want to work contract or some weird west coast company. The other banks in Charlotte are not paying 150K and have lower bonus payout targets.
“Better” is all relative and isn’t always about the money.
- Not having to put up with the bu-----t at Wells anymore would be better in every way possible!
- Not having to look at Chuckie’s crooked a-s grin on Team/Cultworks would be better.
- Actually feeling useful and appreciated would be better.
Depends on what you do. IT/Development/HelpDesk/Security/Risk should have not problem finding remote opportunities. I turned down two last week.
I don't know this to be fact but, I suspect a big part of the reason the bank wants us in the office has to do with their real estate holdings and how they would be (potentially) devalued as empty buildings. This isn't my area of expertise so maybe someone can confirm or shoot my theory down.
I left Wells Fargo last summer; not because of RTO, but I left due to lack of leadership and laziness from teammates. My teammates took full advantage of WFH, not showing up to meetings, being absent for multiple hours in the middle of the day, etc. One teammate is fighting RTO. She expressed to leadership that she wanted to be with her puppy, workout whenever she wanted to, etc. She wasn't bright enough to say that working from home made her more productive. But I guess her stats wouldn't support that argument. It's someone like this that forces RTO.
As for me, I landed a new job in the Technology sector. It's full-time remote as there is no office in my state. I'm enjoying the new culture and company.
In the end, working from home is a perk. My main requirements are project work, pay, overall benefits and team/company culture. I wouldn't give up on those only to work from home.
You may need to branch outside of legacy banks to find a remote position (unless your job skills are only useful at a legacy bank).
Once you stop looking in financial services, everything opens up!
Time to get out of the financial industry then! It’s a terrible industry, anyway, run by old white men who are stuck in the 80s and still think the womenfolk should be barefoot and pregnant.
Agree.. recently there are few position postings at the smaller sites.. things appear are moving toward the hubs..feeling as if this is where the concerns of displacement need to be focused.
There are options. Not generally in banking. But my skills/experience isn't actually all that specific to the Financial Industry, apart from navigating Byzantine bureaucracy...and that's what I am trying to get away from.
I think it largely depends on your role- this is likely true for the more banking/finance centric roles as the “butts in seats” mentality seems to be pretty consistent across our industry. Some smaller financial services companies may be more flexible but it seems like those are few and far between.
For technology, back office, and some other support roles there are probably a lot more attractive exit opportunities to work remotely.
All of the big players are moving to hub strategies. This is on purpose. They are investing time and money and taxes into cities and metro areas because it has the best concentration of employees and - generally speaking - higher levels of pooled educated individuals. It will get much worse within in the next decade or so, and it is not a passing trend. If it cannot be shipped overseas, it will be done in cities.
This is true... at least I know that Chase requires relocation for the new position I applied. sigh....Columbus... nah.