Posted on 08/26/2022 10:38:34 AM PDT by Cecily
JP Morgan's CEO Jamie Dimon has been telling senior managers that he wants rank and file bankers back in the office five days a week in a dramatic shift from their hybrid working model.
The finance giant is currently building a $3billion 70-story office tower on New York's prime Park Avenue - and Dimon is said to be worried that it'll sit empty if staff continue to work from home multiple days a week.
The investment bank's titan has emphasized the company's apprenticeship model - where staff work collaboratively and learn from one another in the office environment.
(Excerpt) Read more at dailymail.co.uk ...
it doesn’t work that way...
for one, mentors aren’t assigned, it starts as friendship, it’s a developed relationship one on one, and you don’t do that from home.
when all the oldhands are gone, good luck.
One of the reasons 'drones can work from home' is because collaborative workers came up with well defined team member jobs. Five years from now if 'the drones' are still working from home productivity will have dropped. Jamie Dimon's right on this...
I think I’ve read that only about forty percent have returned to the office. Pretty scary for the economy if true.
Good luck not getting assaulted on the walk to the bank.
A recent anecdote lays it all out clearly. This was from a conversation with a peer in my industry over the challenges his company is facing in getting people back to work in NYC …
1. The company announced earlier this year that everyone had to be in at least three days per week.
2. Six good employees immediately left to work elsewhere … and in their exit interviews they all said they were adamant about never going back to New York.
3. They posted job listings for the six vacant positions.
4. Every single applicant for those positions made it clear that they will only work remotely.
5. The company is going to be backtracking on their original plan, and they have already approached the landlord in their building about subletting most of the space for the next 2-3 years before they vacate the place entirely.
“... where staff work collaboratively ...”
A principle practiced by not only Morgan but other financial giants like Goldman-Sucks: When operating a conspiracy keep your co-conspirators close together and totally dependent upon each other.
People don’t want to be office drones anymore. A lot of resignations are in Jamie’s future.
Well then let them starve. If they can’t get off their dead a$$ and go to work I have no pity for them. I don’t happen to think employers should be held hostage by their employees.
Work from home will continue for the time being, but I expect the next recession will shake that out and force most employees back to the office. It’s all about supply and demand, and right now the demand for workers exceeds the supply.
I’ll tell you this. Everything goes in cycles. Soon there will be a time when layoffs are happening everywhere, people will be struggling to find work. Those who made demand and were uncooperative will be unemployed and most will find their attitude made them unemployable.
It’s all about supply and demand, and right now the demand for workers exceeds the supply.
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With the excess All Cause Deaths being recorded worldwide, it seems a larger problem may interfere with Jamie’s plans. Too many gone and a lot of things no longer work properly(electricity, supply chains, water purification plants, etc).
Because people expect it. So if I put it off, it goes from something that I can fix in a few minutes and turns into a problem for my boss. If he punches out (which he has threatened to do), then I have to deal with these idiots because I’m old, I know all the stuff and my boss’s 2nd in command can’t write an email in English.
There’s a pension involved. Otherwise, I would literally walk across the street from the office and get a job making more money.
A more likely approach is to slash overhead costs by eliminating costly office space and sending people to work from home 100% of the time.
When you work from home you are using office space that YOU are paying for — not the company. Any CEO who hasn’t figured this out yet — and made cost-saving plans accordingly — is retarded.
It’s life as a Developer. I’d like to do it for a few more years but not if anyone expects me to be “in charge” when I am the 2nd lowest paid person on the team (It’s an IT thing. Newest people get paid the most). I’m tired of hearing “Why hasn’t this been done?” when the answer is “Because I don’t have rights to do it”.
I disagree. There is no employee development for those working from home. Long term leases and mortgages would be disastrous for corporations. The damage done to surrounding and support businesses is incalculable. Beyond all that, the arrogance of an employee telling their employer they don’t have to do what the employer says would absolutely put them first on the “To go” list when the economy changes.
At my previous job, I was able to mentor/train my group remotely. WebEx/Zoom work well in one-on-one situations, provided that all parties are motivated.
what does the group do?
also are they new hires or experienced???
Aerospace engineering.
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