5 days in office from September. You heard it here first!
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You are still treated as an adult. No, I am not from HR or other abuses you may throw at me.
You have been provided 13 days of paid sick leave for doctor appointments and personal health care needs over and above the FMLA and Short-term disability provided by different laws. Remember during short term disability you are paid. FMLA is where you take a hit.
On top of that, you get 10 days of caregiver time off. No need for any approvals or being at the mercy of your manager and their moods.
That is 23 days.
Your personal work, permissions are still in play with your manager's discretion which is known as In-office exception. We have used it repeatedly when the public transit went on a strike, when a car broke down and even when installers were at home.
This is where your relationship with the manager and the workload comes into play. If you have a horrible manager that is unfortunate. On top of that the bank has given 25 days of vacation to everyone - not tenure based anymore.
The argument that people who oppose RTO and favor WFH is from a cost perspective and not on benefits mostly. Add to that it is not applied to senior management who should lead by example.
The issue that an organization faces, is when it is abused as one person pointed out here - how systematically they can game and still be a compliant employee. Even with the current mechanism the places are empty in NY-NJ metro area. The abuses continue.
One may question the advantages and disadvantages of RTO. But that is a different debate. Unless it was a contractual agreement the firm has acquired your signature where you have agreed to abide by their rules AND you do allow them to modify it.
I know this will get downvoted here aggressively. But the fact remains, we lost our WFH thanks to the abuses.
I have also heard this but wonder how they will manage seating when the location folks are basing space on 80% (only 4 days for each person). Are they really expecting 20% attrition?
For those who are older and were used to 5 days - we were also used to being treated like adults and if you needed a day, or a few, to accommodate doctor appointments, kids’ events, contractors or home repairs, etc., then we merely needed to let a manager know and the badge swipe BS didn’t exist and you could WFH with permission as needed. Since that has fiat and we are treated worse than children, it’s hard to deal.
@qn it’s simple. The people who have been at the company many years remember working for Mellon or B-N-Y when you had your own office/cubical which felt like you were a part of the company. Benefits used to exist and didn’t take 1yr to show. Free coffee isn’t a benefit, holiday parties existed, the 401k match hit each paycheck. The average bonus and pay increase had always been been low but you weren’t in fear of being laid off every single day and being PIP’d to lose your severance. The older people complaining are doing so because every benefit has been cut, pay increases don’t exist, and now you’re losing money when being forced to come in more to play duck duck goose for a seat each day to sit on Teams calls that you could do in the shower. If pay across the board was adjusted and workers had their own desks without being treated like children the complaints would go down a little.
RV and friends haven’t given any monetary incentives to those keeping the company running but they’re making 800x what everyone else is. 2-4 locked up shares of company stock does count, if anything it rewards the execs, as it is a form of a share buyback. There’s a reason I left and many others have, the company will never be the same as it was and that is why these tenured workers are beyond miserable.
The worst part is the execs don’t care and want people miserable so they quit. The people complaining are doing so because unlike RV, Kings even know they have to give the peasants scraps from time to time. B-N-Y execs just wants the stock as high as possible before they exit stage right.
Disclaimer - I do not like RTO. I love to WFH and I am a GenZ who joined when 20 days in 90 days was in play.
But I am surprised about the users who have 25 years of experience or tenure complaining about RTO. These folks worked 5 days at office before Covid. I have seen my parents who leave home early, catch the train or bus to Midtown and return late day in and day out. They made it a routine. During Covid they enjoyed the savings (a bundle as per them on commute costs and lunch / other expenses) and time to do household work.
I am really surprised that they are ones whocomplain. If I complain, I am not used to and never went to work until now 4 days that is understandable. After Highschool, even in college days, no more than 3 days. But these folks who just 5 years before were doing 5 days complaining?
BTW, is there a layoff in the cards this summer. I am ready to leave, this company is not growth place or to have a career. Would prefer to get a severance and time off (for a world tour) and then get a job in Europe / Asia. I am not worried about getting another offer. I am pretty confident about my skillset. But do not want a career here.
I was told other day this is a true item to be brought up to managers in June. I’m in Westboro and we are eventually closing going to Boston along with Everett in 2027 and we are being prepped on how to communicate this to staff “in the least invasive way.” My staff already is miserable with 4 I am sure this will cause more issues and more RTO failures which will result in me losing onshore staff which is lovely. This place is just horrible and driving me insane but the job market isn’t helping either I’ve been using a recruiter and applying places and not getting a solid lead. I’ve been in the finance world for over 24 years hopefully I can find something before September.
Awesome. That will almost double the amount of in person meetings I've had since going to 4 days from zero to zero.
@gn Isn't Wilmington closing?
Robin said about two or three years ago that if we went back to the office more than three days a week, he will consider a failure… Yet four days is here
6 days is the next step.
Is Wilmington included in this?
I guess if people keep picking random months eventually you'll be right. provided we actually do go back 5 days.
Charlie already tried that and was beotch slapped into a remote position at WFC.
No Alejendro promised that 5 days will never happen in town hall
@be Is this speculation or do you know this as fact, and if so, how?
@a7+1krbeshzp Starting 2017/ 2018 my team was allowed to WFH Fridays and sometimes Thurs after
All the staff accountants were laid off and work was sent to India. We were told it was part of the incentive of this. So I should be still able to WFH 1 day a week right lol
If everyone is asked to come into the office 5 days a week, then why not assign desks to everyone, instead of hoteling?
@bp I guess if you redefine sarcasm...
@b8
From someone who doesn’t understand sarcasm. Does not meet across the board for your mid-year.
In mid-June, staff in non-growth locations, including Boston, Everett, and Westborough, will be notified of a full return-to-office requirement effective September 2026. Badge swiping requirements will remain in place. The remaining U.S. office locations are expected to transition in 2027.
@a8 I have to laugh at someone complaining about gas prices while trying to brag about his high performance vehicle. No doubt you are a low performer.
Oh good! I get to see the b-ms and smell the stale wee wee an extra day a week!
Tone deaf if they do that with gas prices as they are and no significant increase to salaries.
Mass exodus. Just what they want!
Here’s a crazy idea. Instead of further crackdowns on people who are complying, focus on the real slackers. The many director and higher that still have sweetheart BAH deals, even if they live in a state with an office. The director and higher that list an office on my source, but folks in that office never or rarely see them, maybe 1-2 / week for 3 or 4 hours. The managers with staffs in many locations, so they play like Carmen Sandiego and log “travel” days and random office appearances.
This is going to be a difficult message for managers who are bah to deliver to their 5 days a week directs. Especially while gas prices are above $5 per gallon. My vehicle requires high octane gas. Yes, I drive a high performance vehicle but I’m purposely not being a performance employee.
I also have heard this from several upper managers. They are following the “model” used by PNC, GS and JPMorgan. WFH will none be back to circa 2019 era: special circumstances for a day or so with permission. Su-ks but what can you do? Ole 42 will love it.
Where are you hearing this? Lots of talk but nothing concrete.