I recently hear that Bofa wants to be the first Bank to bring 5-day RTO starting January 2025. Has anyone heard any details on this or the confirmed timeline?
16 replies (most recent on top)
6 day RTO, you get to stay home on Sunday.
All the Big 4s are pushing for it… to add salt to the wound, BofA pays the least
When has Bank of America ever been first?? Haha!!! They don’t do anything until JPM or WF does it first.
January 2025 is a long way from now if they have not done it yet they likely will not ever do it.
The survey they conducted a couple of years ago surrounding RTO/WFH/Hybrid made it abundantly clear that this topic is a VERY BIG thing to an overwhelming majority of employees. They kept kicking the can down the street when it came to announcing the results of the survey and their in-office posture based on those results. I'm sure they were holding out hope that the overall macro environment regarding WFH/RTO would change and other firms brought people back full-time. However, it became obvious that wasn't going to happen. So after delaying as long as possible, they finally and reluctantly announced that the official posture was the hybrid model. But as noted several times already, they can't serve both masters - their desire to pinch every penny (several times over) with the shared space nonsense, AND their desire to drag everyone back to the office full-time. They'll need to choose one over the other.
We will be moving to a new workplace next year and it’s modeled to account for people in the office part time. So don’t think this is company wide.
Yes, you read my post correctly. FT-RTO is and was a small thing. Unless you signed a different contract than the rest of us, I'm sure yours says 5 days a week. It's the ugly truth. You have options.
This shift to RTO full - time, if true, certainly does not qualify as amongst "the smallest things". Most people would count that amongst the biggest things. However, as others have alluded to, it's a physical impossibility currently they way our office is set up. Until they eliminate the id--tic hoteling model for workspaces, we don't have to worry about RTO 5 days a week.
Simple fix, ready? Remember that you work for BAC. BAC does not work for you. You are in control of your life. If you don't like the BAC rules. Then please leave. We need people that actually work. If you are among those who complain about the smallest of things, I really don't want to hear you complain.
Imagine the potential influx of talent from competitors if the bank offered the option for full-time WFH instead of using RTO as an attrition tool. But top talent costs more, and we're not committed to paying for top talent as long as barely functional will do. Open floor plan, 5-day RTO, and empty talk about culture are the new standard.
Does not seem likely for many locations. The space is not available.
WFH is a value proposition for a bank which can't keep up with rising salaries for those of us who put in work and invest our minds into the objectives.
RTO then, is nothing less than a pay-cut. Why would i front additional cost when my capabilities are in demand? Ok sure, underpay us. Thats fine, becouse hey, i get to work from home and i count that as part of the salary package. Adds about 5-10k ish from what i save from destroying my car - which is, by the way, an extremely high value asset in todays world.
The office isn't a fun exciting place to work, but its inviting enough to tolerate for no more than 3 days a week.
So telling me, your real backbone - you're lowering my salary, inflicting damage on my mental health, and putting my life at risk an extra 2 days a week?
Just dont be suprised when start replying back to some of these recruiters (They're getting desperate, by the way)
Well then get rid of this shared space concept and make sure there are enough desks for everyone!
Yes. It is happening. Everyone, all departments. Let the negative hits roll, sorry - but it is happening.
Si’
Did your parrot tell you? Your soothsayer? Your dog?