80/20 by end of Q2 2024
25 replies (most recent on top)
It is India today, it is Cambodia tomorrow. The execs will chase the next "cheap" labor pool as soon as India's labor market becomes too expensive. Same concept happened with manufacturing and China.
The question is what value does Charlie Scharf or Jamie Dimon or any CEO bring that warrants making 351 times more salary what the average worker. Besides their Bloomberg/CNBC TV appearances and/or the occasional "waste of time" town hall they are worthless.
Send a pic of this Chase model you’re talking about. Sounds hot
A good portion of the 30% based in US are actually H1-B in training......
At 60/40 and attrition, we should have a better efficiency rating then JPM? Oh, that's right, 90 new executives. Robbing the bank blind!
Post ID: @1jvz+1hMBXQeD
Agreed. I have always approached it as don’t have an issue with the people, have an issue with the people who gave them out jobs.
If I were them, I’d do the same thing, and so would you.
Can we all try to be pro-American jobs and less anti-Indian? Workers in India can't take jobs from us; they can take only jobs that are offered to them.
Get rid of pacific time. Simple solution
A gigantic struggle with offshore that our great leaders haven't thought of - TIME ZONES! What about calls with Pacific time and India. Doesn't happen easily. India doesn't like to be on as late anymore. Does that mean Pacific time folks should be up at 3am?
Post ID: @mws+1hMBXQeD
Quit drinking the kool aid and open your eyes. No BS. You are either Chase management or a corporate stooge.
So can’t even get to 20% and upping it from 30-40? Way to set achievable goals…. Maybe stick with the 30% and see if you can hit that first.
The Chase model is 70% onshore 30% offshore. I believe we were targeting the same ratio.
Aside from lost US jobs, I have issues with 1) time zone differences impacting work flow, 2) inability to think through a situation, 3) accents on call centers, 4) bank assets offshore (leasehold improvements, equipment, bank records.
Quit spewing BS. Chase does not do 70% offshore.
The math makes no difference. Cloud and off-shoring will continue to increase to very little and only the minimum onshore going forward. Time to think ahead and exit this toxic shitshow of a bank. My business will go to credit unions.
I think it was estimated to be around 30-40k bump when they started adding them in.
From 273k of employees that we list today Teamwork, how many are contractors?
It's all good, I identify as Indian, so I'm safe.
From a customer perspective, offshoring pretty much is the same experience as a phone tree if you call for help. They can only give you the official answers, going around in circles because they aren't trained for or allowed to actually help with difficult issues.
All India staff report up to Arindam and he has 42k reports. 273k report up to Charlie. I’m missing how this ratio works.
If they are opening new business parks in India, I would not be surprised that they will try to push for max ration offshore vs onshore.
Ask you your manager to verify.
Ratio used to be 70/30 ... they upped it to 60/40.
The Chase standard is 70/30 in favor of offshore and they are pushing for 80/20 there currently. Given that, what did you expect with their failed management here now?
You seem surprised. Why?
Where did you get that info?