I live about an hour and 20 mins away from the NYC office and considering accepting my offer. How strict is the 3 days from office requirement?
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How strict is the location where you are enforced? For example, my mail code is in location A, and there is another location closer to my house, say B. Can I go twice a week to location A and once a week to location B and still be compliant?
Short answer, Very strict. I would recommend finding some other remote opportunity if you can't make it. This is one of important factor in the mid year review i just had. My manager wants 6/6 good weeks unless we are on vacation
It’s very strict and monitored
Think long term. This 3day thing might not last forever. Best of luck.
Dis ain't the place 4 u.
Depending on the group and/or the manager, you could be required to be in the office 4 or (gasp!) 5 days per week.
Groups that have the 3-day/week requirement have a good deal. (for now)
As mentioned below, state and local governments are giving tax incentives to employers who get employees back in the office, which -- let's not be naive -- is the true reason BofA is doing this.
Heard on an IR call that our commercial real estate portfolio is nowhere as large as it used to be and the company is so big now with so many other income streams, if the CRE loans were not paid back, it would be a blip.
@1whc+1tl2TkNC - no, absolutely not.
The "rolling" six-week period refers to the measurement of your compliance with the RTO policy -- which is now embedded in the annual Code of Conduct annual attesatation (i.e.. my Learning).
You must be in the office (or at least swipe your badge in your assigned building) over the 6-week period.
Depending on the role, group and/or manager, this could mean 3, 4 or 5 days per week for 6-weeks in a row, unless there you are on vacation, sick or national holiday week.
So, each week the 6-week period starts over. That's what they mean by "rolling". The 6-week period begins anew every week.
the work from home will be going away as employees lose more power
for one thing companies get tax breaks for putting butts in the seats
I see there is a 6 week rolling period, does that mean 4 weeks hybrid and two weeks from home?
The answer is, it is strict. For the weeks you are required to be in the office for 3 days, you have to be in the office unless you have official reason like vacation or sick days that add up to more than 2 days.
Don’t know your situation but would say don’t take it. As a technical manager who’s also in the trenches with my small team working extra hours, I now have to spend time doing compliance, some of which other posters have already mentioned. If you don’t want to be micromanaged, do not take it because it’s not like it used to be.
this is not the time to start a job here, most top talent workers have already left and you will be micromanaged by mediocre managers to do the work of two former employees. if you are going to make the commute to the city, find a better job to make it worthwhile
BofA's RTO policy is strict and getting stricter. As a new unproven employee, you will be micro-managed and watched closely to produce.
If you want to work remote, this is (unfortunately) no longer the company for you.
Plus, will be easy (and cheap) to let you go with no severance for not adhering to policy.
It has become extremely challenging and nearly impossible to get the medical exception anymore.
Keep looking!!
Don’t take the offer. Trust me. Unless you want to be micromanaged during your employment. There are much better places with better wages you can find.
Or you can do what many managers do. Come in the office early and be visible for about an hour so your team sees you. After that, quietly leave the office and work from home.
Accept the new job, come in the office for about one month and then get a fake medical excuse to not be able to come into the office. After that you will be fine. You will be treated better in this scenario.
Must hit 3 days a week 4 out of 6 weeks (rolling cycle) to be in compliance. If you take time off (or a holiday week), 3 days is still expected unless you enter 3 or more days off in the workday HR system. There are some of the major holiday weeks not counted. Going in 2 days is the same as going in 0 that week and you can't make up by going in more the following week.