Clearly an attrition move, anyone foresee much attrition due to the company bringing employees off MyWork in the coming months? People are really digging deep on this one. Allowed to stay in MyWork for almost a decade after the program was supposedly ending. In Charlotte, for example, now having to pay for parking uptown and expense of gas will eat up more $$ than the measly raises they were given. Not sure there’s much out there any better with full remote privileges, though. I haven’t been MyWork in 8 years, but I remember the feeling having it stripped. Not good.
11 replies (most recent on top)
Seems there is no consistency nor transparency. Plenty of people definitely get good raises, bonuses and promotions in MyWork at same rate and % as those not in the program. Plenty of B3s, B4s, Directors in it too. There is no penalty to salary or career mobility for being in MyWork. And yes - plenty of people do not have any medical accommodation and nobody is checking on anyone's physical whereabouts. There should be a clear set of rules. It's like salary ranges. No transparency.
I don’t know who told you that you can’t get raises, bonuses and promotions while in MyWork. But I am shocked that there is anybody in the Charlotte area still in MyWork who doesn’t have a medical accommodation.
Don’t tread on others just because you are envious. 1. Chairs are not provided anymore. 2. $50 reimbursable for Internet is not widely used because it is a painful process. 3. The employee is barred from changing roles other than within same group and will never be looked at for leadership roles. 4. Annual increases and bonuses? Ha. 5. Covid was a real exception. Standard WFH folks know that someone is always checking they are online so there’s no running errands, picking up kids, etc.
MyWork never was eliminated. It was minimized to force attrition about 10 years ago. It exists in a limited state as mentioned, not restricted to medical. Too many people speak from their own experience and don't realize that their view is not a complete view. Internet and phone are still being reimbursed for some. Limiting MyWork for RTO is backassward and we are losing some of our best people because of it. Imagine if BofA came out with optional WFH for non-customer-facing jobs instead of driving the top talent elsewhere. With Goldman and Chase etc driving RTO hard, we could instantly recruit some top talent on that benefit alone and be an innovator instead of a follower. Make it optional. If the workforce really wants to work in office as we've been told repeatedly, then it will be obvious once offices are full. Not likely. For those who want to benefit from reduced expense, this would level the field to their benefit. Some workers today collaborate with others using web meetings and virtual presence 100% and never not in-person. There's no reason do it from an open floorplan of shared desks instead of from home.
i thought MyWork was shut down years ago. (it was in our group, with everyone having to come back in before the pandemic even started -- including one person who got married and had moved 2 hours away from the nearest branch to live with her new husband and child. She still comes in every day and works the whole day.)
How many people can there even be left in MyWork anyway?
Personal internet and phone hasn’t been eligible to be reimbursed as a valid expense for at least five years.
MyWork is a joke at this point which equates to three populations of workers - 1) those with a valid disability 2) those who were working in a site which the bank has now vacated 3) those with a friend in Senior Leadership.
Anyone who falls into category 3 needs to be moved back into the office.
It's also time for leaders who are making exceptions / breaking the rules to be held accountable.
Actually the points about all they’ve saved over the years are very valid! Never thought about it like that.
Managing everyone like just a number is how we got to this RTO policy. I have first hand experience of someone highly skilled leaving because they took away her ability to work from home. She was already underpaid after being at the bank for 10 years. Losing WFH was the last straw. So now we lost her and all her valuable skills. This is the reality and it's been happening. Just because the business believes this is a cost they are willing to accept doesn't mean there are no costs to this one size fits all RTO policy.
That's such a weak argument to say others didn't have the same benefit or opportunity. That's a given. Life isn't equal and that's what motivates people to improve themselves and find better opportunity, perks, and benefits. That argument is what someone from HR would try to make because they don't have anything else. Some roles are better fits for remote work, and to try and force those roles back into the office is extremely short sighted. It lowers morale and impacts people financially and in many other ways.
I'm not for taking anything away from anyone but the argument of some folks losing the 'expense benefits' they've reaped for 10/15/20 years - gas, car wear and tear, parking, buying work clothes, dry cleaning, breakfast, lunch, and most importantly TIME doesn't work when others don't receive the same benefits. Add up the savings over the amount of time and weigh if the offset was worth it. Salaries/Bonus were not reduced for these folks while they were reaping the savings compared to their peers. Not to mention internet/phone bill was expensed even though they had to have it anyways for personal use, office supplies, chairs, shredders and any other kind of equipment was also paid for by the company. Seems that unless there is a valid disability requiring an accommodation that can't be fulfilled in office, either they work in office as is required for everyone else or there should be an X% offset to their salary and bonus for the extra benefit and expense savings they reap. Maybe make it the equivalent of the cost of all the aforementioned things which probably averages $20k a year (not including time back in day) so it's at least equalized against the majority of employees. Not many will leave. It's been a great ride for many and I'm personally hearing of a lot getting reapproved although parameters are not transparent.