How likely do you think it is they are going to offer hybrid? We have so many open positions in my group which they are unable to fill because not many people want to work in an office 5 days a week. That seems to be the first question that is asked in the interview process “Do you guys offer hybrid or remote work” and when they hear the answer “no not at this time” the interview is pretty much over before it began. How do they expect to keep the remaining talent they have in this capricious environment they created?!! (so many great employees have jumped ship over the last couple of months because of their antiquated thought process on work from home) But also, how do they think they are going to attract talent? This place is getting worse and worse by the minute.
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When the slick, greasy-haired three piece suit from 3 levels up shows up in your office and gives the sleazy used car salesman pitch that your annual production bonus is now based on quarterly quotas, that's your cue to head for the exit doors. The new job he's railroading you into taking says in the fine print job description that if you don't hit the quarterly numbers, it's now required of you to work nights and weekends. Oh, and for giggles, they're taking all your clients away from you. Nowhere else can you work so hard to get treated so poorly.
We are going into the third manager who has resigned, I don't know who they are going to be hiring. People don't seem to want to move up, morale is horrible and we are being left stranded without a direct report. It is about to get worst.
I was never a fan of RTO but came to terms with it. I never expected so many people to move on. There are way too many openings. It’s becoming a serious risk for the company. Hope they wake up soon.
SURVEY SAYS, you still fudged.
There are over 240 open positions in our org and the number keeps going up when we get the emails about career opportunities. This is no way to retain and attract new talent. From one of the best on the street to one of the worst. I’ve been through all the ups and downs over 20+ years but this by far has been the worst of it.
It’s the same in my group. They can’t hire anyone bc the first question is around flexibility and hybrid or remote work. Once they find out no, they go elsewhere.
I do think despite their greatest efforts not to, they will come out with hybrid. They’re going to have to, in order to compete not only with other employers but other big banks too.
Though I do agree with others who say it’s too little too late.
The culture in this place is extremely negative, fear based and folks won’t put up with it much longer.
The damage so far will take many years to reverse, even if they offered full flexibility in-office, hybrid, and full remote based on individual preference. We have lost many top performers that were underpaid so there is an outsize operational efficiency loss. The ones that had stayed so long were fine being underpaid pre-pandemic, but with the push to RTO and additional poor employee experience factors made the employee choice to leave turned into an employee force to leave. Now we are replacing with people who are a small fraction in capability and talent requiring more two or more people to replace that one star. If the bank offers hybrid, it will reduce attrition marginally but will trend our operational efficiency and innovation to be worse off than competitors who have more desirable working conditions.