When the company makes a few wrong moves and loses a few employees, that's business as usual. But when it keeps making wrong and dangerous decisions (RTO, for example) while it ignores what the employees are saying, then it will lose more than a few employees. I think there is a major brain drain threat that everybody in the management is for some reason blind to. They need to wake up to it before it's too late and the majority of the talent has walked away.
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Objective Reality - Your reasoning is flawed. In BofA’s HQ city, hospitals are tapped out right now with COVID levels at all time highs. The vaccine is not a silver bullet and there is no reason to force employees back during a surge in cases that impact families, for jobs that are fully functional remote.
BofA’s RTO plan is a major outlier against even other peer banks. It has been a comedy of errors with poor communication and an inability to adapt to changing conditions.
If Sr Leaders actually care, they will listen to employees’ concerns and at least offer a hybrid model that will limit office capacity as employees are asked to return. I personally had more flexibility pre pandemic than what’s currently being communicated.
They weren’t being dishonest, they are going back to the way it was, with the least risky employees first. They’re eventually going to invite everyone back. That, or they’ll require the vaccine to continue working there and in the office, once a few more large companies start doing it. UK has already released all restrictions, the population goes about their day and largely live life with covid in it, and it’s actually working and people are living normally. Stop being afraid of the virus, every death is being sensationalized. A lot of people die of the flu every year, but that was once a pandemic too, a lot died, and life moved on once we got past the initial stages. It’s like the chickenpox before the vaccine came out, we all just got sick as a kid and moved on, now there’s a vaccine and most kids take it without issue, and the few that can’t get it, get sick like we all did and move on. The only reason we went home to begin with was to prevent everyone from getting it at once and flooding our hospitals to overflow. The vaccine slows it down enough for the hospitals to keep up, so now life is ready to resume. They understand how it works. If you’re already vaccinated, but not telling, they assume you’re in the same crowd, who just want to be home and get easier money. Lots of other companies are offering it, but they choose to go another path. Whether you like it or not doesn’t matter, because that’s how they WANT to run THEIR company, and no matter who you think can’t be replaced, everyone can and the company survives. So yes, those are the ones they are okay losing, and without having to lay them off.
ESAT results showed need for improvement in compensation, capacity and career development. Leadership says will discuss but cant address everything. It was as if employees were asking for free lunch and an office swimming pool.
They are already adding additional fraud jobs in India. They told us on a conference call it's to add 24 hour coverage because who wants to work overnight. Truth is they don't want to pay night differential and workers in India are cheaper to begin with. But then you get what you pay for.
BOA are aware of what they are doing to employees with the RTO. They know this is an unpopular move on their part. This move was well planned and they are happy, a majority of employees leaving. BM and his cronies orchestrated this move to avoid layoffs. BM this is a totally fuhked up move on your part but shlit will come back to your blockkhead azz.
We're going to be in the same boat as Wells with the regulators by next year with the SMEs walking out the door.
BofA's RTO plan is a cost cutting move to reduce headcount through attrition so I believe Sr Leaders are well aware of what is transpiring. In reality there is a massive amount of resignations and retirements happening across the US in most employment sectors.
It's only a matter of what open positions will be backfilled and whether they will be filled domestically by US workers or we will continue to see more offshore teams. I'd bet on the latter happening.
don't you get it? they don't care. it's all about getting their stock options and bonuses. everything else doesn't matter.