J P Morgana bounced all offices open as of 5/17. As of 7/17 all employees will have returned on a rotating basis with 50% capacity limit. Good luck sheep. I am outta here.
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Recovery Time objective (RTO)is crucial during disaster recovery. Don’t forget about RPO
No @@6pnp+1azFTANw. Worst case = vaccine < 90% effective, so you still catch Covid and die.
We've been far more productive in WFH posture.
No idea why mngt has out such a hard stake in the ground around RTO. Total B.S.
I'm not risking my life for this (or any) company. No way. Esp, when they've already gotten way more hours from me this past year WFH. We spend $10+bn a year on technology so we can all waste HOURS commuting? They're kidding themselves. I'm not paid enough for that s**t. (but they certainly are!) Another round of Kool-Aid everyone!
Worst case scenario, we have get the shot more frequently if he immunity wears off. Only time will tell.
Best case scenario, the vaccine works, for those who decide to take it, and in a couple of cycles, we reach herd immunity. Kinda painful to go through this masked up and keeping the distance but there is no alternative and we can't stay locked up for ever.
The article is a couple of weeks old but still relevant:
(Bloomberg) -- Bank of America Corp.’s offices may start to look more normal in September.
a sign on the side of a building: Signage at a Bank of America bank branch in San Francisco, California, U.S., on Monday, April 12, 2021. Bank of America Corp. is scheduled to release earnings figures on April 15. © Bloomberg Signage at a Bank of America bank branch in San Francisco, California, U.S., on Monday…
The lender is encouraging employees to get vaccinated and allowing some locations to reopen if half of staff there are inoculated, Chief Executive Officer Brian Moynihan said in an interview on Bloomberg Television. Meeting in person is important for workforce learning and camaraderie, and it also helps to support city economies, he said.
“We’re a work-from-office company because the productivity and the culture and the mentoring that can take place is just better,” particularly for junior staffers, Moynihan said. “My big expectation is after Labor Day we’ll back to generally moving toward being back to normal, between now and then it’ll be partial,” he said, referring to the U.S. holiday on Sept. 6.
Employees may eventually have more flexibility, potentially choosing whether to commute to local offices or major hubs.
“We have to think about our real estate configuration and retool it,” Moynihan said. “Ten years ago, we had 130 million square feet of real estate for Bank of America -- today we have about 70 million. We can just keep making that real estate more efficient.”
The article is a couple of weeks old but still relevant:
https://www.msn.com/en-us/money/news/bank-of-america-ceo-says-staffs-return-to-office-may-pick-up-in-september/ar-BB1fHnvH
(Bloomberg) -- Bank of America Corp.’s offices may start to look more normal in September.
a sign on the side of a building: Signage at a Bank of America bank branch in San Francisco, California, U.S., on Monday, April 12, 2021. Bank of America Corp. is scheduled to release earnings figures on April 15. © Bloomberg Signage at a Bank of America bank branch in San Francisco, California, U.S., on Monday…
The lender is encouraging employees to get vaccinated and allowing some locations to reopen if half of staff there are inoculated, Chief Executive Officer Brian Moynihan said in an interview on Bloomberg Television. Meeting in person is important for workforce learning and camaraderie, and it also helps to support city economies, he said.
“We’re a work-from-office company because the productivity and the culture and the mentoring that can take place is just better,” particularly for junior staffers, Moynihan said. “My big expectation is after Labor Day we’ll back to generally moving toward being back to normal, between now and then it’ll be partial,” he said, referring to the U.S. holiday on Sept. 6.
Employees may eventually have more flexibility, potentially choosing whether to commute to local offices or major hubs.
“We have to think about our real estate configuration and retool it,” Moynihan said. “Ten years ago, we had 130 million square feet of real estate for Bank of America -- today we have about 70 million. We can just keep making that real estate more efficient.”
All banks are facing the same problem, even India works from home now. Eventually everybody will make it back to the office.
All banks are facing the same problem, even India works from home now. Eventually everybody will make it back to the office, the only issue is the timing and if we have another wave in fall/winter.
@5bvk I am a black sheep dude! And people can choose to interpret my point of view any way they want.
@5xmr+1azFTANw You realize you just described yourself as a sheep?
@4cda+1azFTANw I cannot believe that a person can be so outright negative about science.
- At least, you should wait for the vaccine to go through its phase 2 and 3 trials during the next 10 years and see its negative side effects.
- Wait another generation, or at least 20 years to see if there are any effects on newborns.
- Demand and have vaxx manufacturers to be criminally liable for their product.
- Then, come out on this site with your frivolous claims and gloomy attitude.
Your negative attitude is sickening, We're into this together, mask up people. Also, I think they will come up with further guidelines on those gag ba--s devices.
I do not want to take the vaccine.
1) It’s the first of its kind mRNA vaccine. I know mRNA has been researched a lot in medical trials but certainly not utilized at this scale. What are the long term risks?
2) There is no length of effectiveness guarantee. How long does it actually work?
I’d prefer just remaining distanced from others and wearing a mask... Which, I forgot, you have to do even if you have the vaccine.
Well, I guess it's too late to get in shape and fit in those old work clothes, they are kinda tight aren't they. You need a haircut, you ugly uneven chopped beast, that's not a trend. Better go shopping and supersize that wardrobe. The mirror is not your friend. Get ready to head for the office, type the address in the GPS if you forgot your way and make sure your car is road worthy. Oh, the horror of earning a living....
To complement previous poster's comment:
More than 60% of companies in the U.S. will require proof of vaccination from their employees, according to a new survey conducted by Arizona State University with support from the Rockefeller Foundation.
A broad majority of U.S. employers, 65%, plan to offer employees incentives to get vaccinated and 63% will require proof of vaccination, according to the survey. Overall, 44% will require all employees to get vaccinated, 31% will just encourage vaccinations and 14% will require some employees to get vaccinated.
When it comes to consequences for failing to comply with company vaccination policy, 42% of businesses said the employee will not be allowed to return to the physical work environment, and 35% said disciplinary actions are on the table, up to and including possible termination.
The survey, released Thursday, represents the responses of 957 facilities across 24 industry sectors in the U.S. Most of the respondents were businesses with 250 or more employees.
http://primenewsnow.com/2021/04/30/most-u-s-companies-will-require-proof-of-covid-vaccination-from-employees-survey/
More Flagscrape gold:
"The theme for this year's World Immunization Week is 'Vaccines bring us closer.'"
In this case, "closer" means "back into the office", rofl.
Boonies or burbs, these are no times to buy a house unless you don't care about the end result. Rent and wait for the crash. With boomers fading away, the whole RE market should be deflationary, despite all the printing done by the fed. If you think being connected by broadband will solve your problems, think again. Don't buy anybody's playbook or you'll end up holding the bag like in '09. RE is way overpriced, travel light & Caveat Emptor.
@OP, as Frank Sinatra famous lyrics: Start selling the News, I'm leaving today.....
From Flagsrape: Prospective homebuyers are now placing greater importance on space, both inside and outside, with nearly half (48%) of younger future homebuyers saying square footage and outdoor space (60%) are more important now. The need for space has traditionally meant a move to the suburbs, but now half (48%) want to buy in the suburbs and a growing number (29%) want to buy in rural areas.
It might be a stretch, but it sounds like these same themes will affect the bank's ability to attract and retain talent. People are interested in leaving the cities and avoiding high costs of living and crime.
We're better when we are connected -- via broadband.
There are a lot of people looking for work and willing to get in the office, especially young college grads. You got no leverage. Your expertise....pffft, a couple of days of training. Your body, your choice, their company, their rules. Your move peaches.
Go find another place to work
It’s really a “work from India” company but that posture may bite them in the a-s come September too.
Married with wife and kids you want to stay home 24/7?! God have mercy man, get in the car, brace the commute and get into the office, it's worth the risk. At least you get an hour reprieve for lunch and see the real world. I mean yeah, it's nice to work from home and stuff to get over a hangover once in a while but please, feel the breeze in that morning commute, jab or no jab.
Heck no. It’s going to get really bad trying to get people back in. We ARE NOT a work from office company. As productivity from home proves that. You will ALWAYS have people that just can’t work either in the office or at home. They need to be gone.
It's already ugly. Tracking vaccinated people - humph! Push customers out of branches to "mobile" while insisting "we are a work from office company". How stupid is that? Such dinosaurs!
I have long thought that BAC would also need to stagger shifts based on building occupancy. I don't think they will have any choice but to do this. But wonder how this will actually be rolled out. I have already heard of at least 3 people asking for permanent exceptions to work from home based on either religious beliefs or medical restrictions regarding the vaccine. While they initially will be accommodated, they will also be the first to be let go for any reason management can document. It is going to get ugly.