Thread regarding Wells Fargo & Co. layoffs

RTO reports

I know these vary by business group, but are they six-week or eight-week rolling averages? I am leaving the company after bonus, so I am trying to figure out when it’s safe for me to stop going in.

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Post ID: @OP+1vjnPzfg

18 replies (most recent on top)

Ours is on a 46 & 2

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Post ID: @5dxx+1vjnPzfg

@4uhk+1vjnPzfg

It's amazing to me that you still believe compliance with stupidity will save anyone at WF. Got news for you, Shart actually doesn't give an S if you go to an office or not, if you're an American he wants you to quit. If you don't quit, he'll downsize you. Compliance is largely irrelevant. It might slightly impact the timing, but not the end result. Ask the 100,000 people that have been canned already.

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Post ID: @4vwg+1vjnPzfg

@1wkd

Also a manager, and it's average. They've even used the example in my department of going in extra days just in case you have to miss some days due to whatever and can't go in 3 in a later week. They just look at X number of days expected and how many did you actually come in. I have plenty of weeks I don't go in 3 days when I take PTO and I get the benefit of that PTO through out the rolling 13.

I don't know of anyone that uses a rolling 4-week. Also, I wouldn't be telling someone to just go in for an hour because you would also know they're starting to consider actual time in office. All you saps gaming the system are going to ruin it for those that go in 5-6 hours. But hopefully they're also on the chopping block come New Years.

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Post ID: @4uhk+1vjnPzfg

it shows day by day, and a rollup that you can choose 4 or 13 weeks.

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Post ID: @2mgh+1vjnPzfg

The truth of the matter is that the only purpose of RTO was to create a fake justification for downsizing people, and to motivate some to quit. As a result, it's a non factor in the grand scheme. If they are going to get rid of you, they are going to get rid of you, and if they are going to keep you (for now) than ditto. Location and days in office was always irrelevant. Just excuses. You can't take someone that has been working for home successfully for 10 years, demand that they report to building 5, and then turn around and downsize them for being in building 5. Well, you can't without being a liar.

FHY.

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Post ID: @2amk+1vjnPzfg

RTO isn’t actual - unless that’s in your LOB.

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Post ID: @1wrw+1vjnPzfg

bonus pay out is first paycheck of February which this year is Feb 14, although you'll see it on your paystub and or early payday Feb 12. First Day of Feb is when new salaries and titles become effective. It has been this way for the last couple years when they moved it up from March. Even if you stopped coming in starting in January I wouldnt think it would effect your 2024 bonus and any performance impact would be for 2025. Even if you were to get a warning after a few weeks of not coming in it would be just a warning, it would then take weeks to months for any disciplinary actions.

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Post ID: @1ahx+1vjnPzfg

Bonus payout is 2/2, in black and white on manager’s section of team works. Means your bonus will hit the day before or for some two days before. Try again.

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Post ID: @1ohh+1vjnPzfg

Manager here

  • it is actual and not average
  • report has all (each day) history last 13 weeks
  • bonus payout is NOT 1/32 but 2/14, confirmed this with training docs I got last week
  • don’t play w fire. Go in Jan 3x for an hour even. Feb is different.
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Post ID: @1wkd+1vjnPzfg

If you are leaving in Feb, just take half days here and there so you wont have to go in the office.

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Post ID: @1tos+1vjnPzfg

4 and 13 like others have said

I got spoken to on the 4 but was able to point to my 13 week average being above 3.

The 4 week makes zero sense, you would always have to come in 3 days or alternate between 4 and 2 to be in compliance. If you did PTO one week and went in one time the next you’d get flagged on the 4 week.

I keep a detailed log because I don’t trust this place or the doofuses that work here.

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Post ID: @1vqs+1vjnPzfg

In my part of CIB, it used to be closer to 3 months. As a manager, I would get an occasional report from HR telling me that so and so fell below the 3 days a week. The data, if I recall, was close to 3 months. Granted, I haven’t seen one of these in quite a while, but that’s what they looked like 5 or 6 months ago. Will never tell someone to do something against policy, but by Jan the bonus is in and payout is 1/30, so if you decided to stop going in after the new year, I doubt this place would know in time.

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Post ID: @1bam+1vjnPzfg

First thread I’ve seen in a while with 5 different answers, but all absolutely correct. Shows you how convoluted this place is.

It is 4 and 13 weeks with any variable in between. Which one applies is specific to your lob/manager but they have access to all. It is SUPPOSED to be actual and not average (ie 2 this week I’ll just make up with 4 next week) but unless you’re being scrutinized “they” won’t look. Do your RTO Jan and you’ll get your bonus Feb even if you don’t go in a day at all. Manager won’t get an alert from HR for at-least two weeks. And it takes longer for actual disciplinary action. It is safe to just keep doing it but this isn’t a small shop, takes too much work to ram rod a reduction or elimination of your bonus through based on RTO alone in a short period of time.

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Post ID: @1nng+1vjnPzfg

Why play with that fire? I would just keep doing RTO until I actually left. I wouldn't even mess with the two weeks notice unless they tell me to stay home a la non working notice

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Post ID: @1mlb+1vjnPzfg

30 day(4 week) rolling average.

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Post ID: @ddt+1vjnPzfg

Go in the month of January then quit going in for the month of February.

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Post ID: @doh+1vjnPzfg

I’m hearing it’s actual not average. So you can’t do one day one week and five the next.

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Post ID: @tpb+1vjnPzfg

More like 4 & 13. More emphasis on 13 in my woody neck.

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Post ID: @yfi+1vjnPzfg

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