What do we think is going to happen with existing HBAs? For instance, I heard over 50% of the home office are HBA. I think it would be incredibly difficult to bring everyone back and hire the needed talent primarily out of St. Louis and Tempe. But I’m wondering what your guys thoughts are?
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@256 , 5 day work week 2028.
@256 I aint taking that bet lol
I find it HILARIOOUSSSS that last year this time I said "we will be back in the office mid next year" to so many people. I was certain they would increase RTO days, remove HBA status, re-review ADA HBA status and eventually increase the zip code radius as well. No one believed me. The writing was on the wall.
After this is all over... they'll announce in October 2026ish that the remaining HBAs that are not close to Tempe or St. Louis will be asked to move close to a HO location or find another role -
Edward Jones is following all the corporate dou--e bags - Wells, Stifel, Citi, JP... all back in the office, laid off HBA who weren't close to locations, reviewing ADA HBA and providing in office accommodations instead instead-like an assigned desks and whatnot to those who are home for anxiety, adhd, autism, basically any mental health diagnosis...
By mid 2028, Edward Jones will 100% be in office only with one day remote. BET ME!
I love being told that RTO is for "my benefit" when I have to do system checks at 5AM, my entire team is in India, and my peers and leader are mostly 1000 miles away. Not to mention being online for releases until 2 or 3 am. Of course, butts in seats is SO important.
@dy Because “Culture”
@da actual Wall Street firms scoff at Edward Jones. Jones is a bunch of incompetent FAs, sitting in their offices in shopping centers tucked between Chipotle and Five Guys, selling awful mutual funds and annuities to elderly people. It's why Chubak is embarrassed to be seen in the home office and bent on changing the firm
@db "What I still do not understand is why ELT has failed to provide a single clear, fact based reason for suddenly requiring us to work out of an undersized office."
This would require that their fact-based reason is one they are willing to tell us. "We want you to quit", isn't going to go over well, so they're just not going to say it. Their silence is the real answer as to why.
@db because they have no data or logical reasoning. This is clearly a ploy to show us "who's boss" by a bunch of lunatics who are still p!ssed we raked them over the coals in the last couple surveys and not enough of us quit after the last RTO. Sooo they did the data crunching and saw that most HBAs have stayed with EDJ because of HBA perks. Take that golden nugget away and anger the rest of the home office worker bees to get more to quit. It ends up being less ISP to payout. Most HBAs in Tempe/STL who now have to commute have been here a while so their ISP will be more expensive. This is nothing more than the east consultants telling P.P the playbook for they do it on wall street when they need to save a few coins of the bottom line. This is straight up D.C's playbook from the last company he tore up. They hate us, and they need us to quit. End of story.
My commute in morning traffic is about 75 minutes, But when there is no traffic the commute would be 55 minutes and my zipcode says I have to drive into the office. I have decided to use what little time I have left to look for another job. I already work two jobs to stay afloat, and driving into the office would force me to quit my evening job, which I simply cannot afford. I have worked remotely for this company for over a decade and consistently received strong trimester reviews, so it's clear that performance no longer matters. What I still do not understand is why ELT has failed to provide a single clear, fact based reason for suddenly requiring us to work out of an undersized office.
@d7 These ex-McKinsey GPs and their minions are to blame for almost all of these changes. They pitched these ideas to Penny and ELT and crushed the culture and everything special about Edward Jones. Now our strategy is to be just like everybody else and maximize profit. Congrats Penny, you accomplished what Ted despised the most. We are now a profit maximizing cut throat Wall Street firm that fails to consider clients and employees. I hope the extra millions you have in retirement are worth your legacy.
@bd We have the trio from McKinsey & Company to thank for all of these unethical and unfair policy changes: David Chubak, Ryan Littlemore, Hasan Malik.
All three are conveniently located in the NYC office so they don’t have to rub shoulders with the STL/Canada/Tempe people whose lives they are ruining.
They are soulless and will stop at nothing until this place meets their ultimate end goal (getting acquired, merger, or IPO).
@a5 where did you see "within 1 hour commute range"? I'm not saying I don't believe you. There's always a Joneslink page that says something different than another. The new Amplify letter yesterday still didn't mention a new list.
I only see the commutable zip code lists from 2023. I'm currently in a non commutable zip, but on the edge. It's a big zip code area, where some parts are probably over an hour away and others maybe 45-50 minutes away.
@bc so far we are assuming they are safe. With that said, I wouldn't put it past these psychos to come up with a new policy that makes them have to pick between moving locations or being fired. The goal is reduced head count, so just assume this place is going to try every dirty unethical trick in the book moving forward.
What will happen to the HBA that were hired this past summer and don’t live in MO or AZ?
Yep. Been here just shy of 20 yrs, commute on a good day will be 45-50 minutes. Been HBA for over 10 yrs. They hate us and want us to quit. They know the job market is garbage right now too, so they almost get off on the pain and stress they are causing us. We don't make that much, we don't ask for much, but no. They can't stand it and now the souless ghouls are flexing on us to let us know how sc--wed we are. All we can do now is bare minimum to not get fired, look for a new job, pray the economy gets better and maybe hope some karma shows up to bite ELT in the a$$.
@a6 Hypothetically speaking, they're "fine". For now. No one's safe from offshoring and "AI"-ification, though. I say this genuinely, to anyone who is still there, I'm not asking you to leave - just consider your options. Ask yourself:
Do you like what's happening?
Do you really feel safe?
Is there a better work/life balance option out there?
Are you actually doing what you enjoy?
Do you feel appreciated, like you matter?
I'm upset, obviously, but I asked myself each of those questions: No, no, yes, no, and no. So while they're effectively forcing my hand, I intend to use this "opportunity" to step closer to where I want to be in life. Doing a job I enjoy more, a business I actually support, where my contributions are recognized and appreciated, that enables me to live the home-life I want to have. Sadly though the one thing I don't think I can ever feel again is "safe", I think that feeling's been taken away from all of us. If Jones, one of the safest places to build and grow your career, isn't safe... Who is?
That said, 4/5 ain't bad. I'll be happy with 2/5.
I’m the OP just wanted to note this was mostly regarding HBAs outside a commutable distance (think states outside of MO/AZ). However, ik they are adjusting the zip codes for commuting into office
Clearly stated, "If you live within the 1 hour commute range as listed on Joneslink by zipcode, you will be converted to hybrid regardless of how you were hired". The goal is let people go without paying severance and get people in office for tax/real estate incentives. 4 days being considered "Hybrid" is a joke. I live on the very edge of the commutable distance and I'm still required to come in, HR says "no exceptions" except ADA. Doesn't matter if I've been an HBA for the entirety of my 10 years at Jones, guess I have to change my entire life to accommodate the soulless corporation.
Their goal, clearly, is to get us to quit. They'll get what they want. Of course they're doing this, and laying off the people we've been close to for years, during the worst job market in recent history so we're limited on options. I'm not buying a car I don't want, I'm not restructuring my life around avoiding traffic to still lose 10%+ of my day to a commute, I'm not giving up precious limited time I have with my family for a job that doesn't care about me.
They know what they're doing, they will be happy to see us leave, and I hate that I'm just giving them what they want, but that's how it works, right? The corporation always gets what it wants, even at the cost of the people that made it. To think I "won" by not getting "reimagined", sure doesn't feel like winning. I don't even get a consolation prize with severance.
We lose HBA status and will be forced in the office 4 days a week.