I have decided to part ways shortly after the new year. I will lose a lot of money with RTO. And given the hiring freeze and possibility of more layoffs coming, I think it's best.
In order to receive my bonus, do I need to be an employee up to when it is paid out? Or only as of Jan 1st?
Let me ask you this one simple question
"my costs of going to a physical office 20 miles away (1 hour drive each way 3x/week) plus expense of wardrobe, etc. is a pay cut. I lose 2 hours per day I go into the office for the benefit of employer (unpaid/unproductive) + gas/tolls/wear on car. Families with young children now have a huge daycare expense for before and after school care."
Were you paying these expenses prior to Covid-19 and WFH?
@1ube+1pTVDyN2 It is essentially a pay cut - my costs of going to a physical office 20 miles away (1 hour drive each way 3x/week) plus expense of wardrobe, etc. is a pay cut. I lose 2 hours per day I go into the office for the benefit of employer (unpaid/unproductive) + gas/tolls/wear on car. Families with young children now have a huge daycare expense for before and after school care. They aren't raising my pay to compensate for those costs. REMOTE work has been the norm for the vast number of employees for the past 3-4 years.
The forced WFH due to Covid has demonstrated that employees are more productive when they can choose where they work best and engagement scores were up industry-wide. The old-school "we've been doing this for 20 years" is BS and folks who said that should not be in charge of long term strategy.
There were MANY different ways they could've handled the need to increase the occupancy of the physical offices while taking into account the needs of employees. And the absolute lie that 25% could be given exceptions and then decline nearly all (I think it is less than 1% that actually got approved). If you can't manage remote workers, you shouldn't be a manager, period. Location shouldn't matter - figure it out. Outside of the corporate real estate issue, forced RTO benefits no one except the managers in offices who find it "more enjoyable" to have more people in the office. They even tried to say in the last Glint that remote workers were less engaged - maybe that's because they know their WFH ability will be removed in a few months, NOT that remote work is the reason. The constant spin is making me nauseous.
Did anyone take a pay cut when we started working remotely? Don’t recall anyone asking the EC to reduce their pay because we could work from home.
“ Just to be clear, you don't ‘lose’ money because of RTO.”
In the same sense you wouldn’t “lose” money by being paid $5,000 less per year. No one is taking money out of your pockets, but compared to how much you would make without needing to drive you will have thousands less per year. This is pretty basic personal finance. Technology improves and time waits for no man, Schwab can choose whether it wants the best workers in the world or the best workers within 25 miles.
Just to be clear, you don't "lose" money because of RTO. Commuting expenses (and office attire and meals, etc.) are just considered part of the cost of living your life in general. You might not save as much of your paycheck that you otherwise would if you are full-time remote, but technically you don't "lose" anything, since working from an office has forever been the normal thing for the vast majority of workers to do.
This illustrates epic failure of the education system.
By this logic @1ube+1pTVDyN2 is contending that tire replacements aren't operating costs for your car.
RTO is economically d-mb at both the macro and individual levels. To defend it as part of a blanket policy ignores climate impacts, personal expenses, uncompensated labor, commercial real estate waste, labor islands (where companies limit themselves to 30-50 mile ranges or relocation willing candidates) and literal latent taxation.
As a cost to get the paycheck it absolutely is a loss. If you don't spend $20/day for driving you get $0.
Starting the day in a deficit so individuals can subsidize commercial real estate... who would defend this absent material benefits? Didn't we just finish the largest finserv merger while WFH?
So if I have spent half as much on gas the past 3 years than I did before then due to WFH and I go back to the office, I'm magically not going to lose that savings?
Just to be clear, you don't "lose" money because of RTO. Commuting expenses (and office attire and meals, etc.) are just considered part of the cost of living your life in general. You might not save as much of your paycheck that you otherwise would if you are full-time remote, but technically you don't "lose" anything, since working from an office has forever been the normal thing for the vast majority of workers to do.
That's what I feared! Thanks!
Yes, you need to be employed when your bonus pays, hits your account, in March.
Depends on the laws of your state. I would recommend you check if your state has any laws pertaining to bonuses and commisions.
You would have to be here when its paid out. The Jan 1 eligibility was only for those laid off if they weren't already employed elsewhere.