JPMorgan Chase employees believe their work-life balance and health and well-being declined following the bank’s decision to return to office full-time in March, Barron’s reports. Based on an internal survey released this week of 90% of the workforce, the aforementioned areas scored lowest, alongside opportunities for internal mobility.
My company did a forced RTO. Moral dropped. In one category, it dropped to 14%. We couldn’t hire anyone and people were quitting. Our president kept saying “We will never return to WFH.”
Less than 6 months after he said that, we went fully remote. The whole RTO thing lasted about a year before they gave up.
What is it about CEOs that makes this the ego power trip issue for them?
Tax breaks for having asses in seats at certain geographic locations.
Actually, I work in commercial real estate.
It’s not uncommon for there to be triggers on these loans that go into effect when a tenant vacates a property, even if they are still paying rent.
They direct control of their rents and they have to pay a monthly fee for management.
I can promise you, the only reason we returned to remote is luck. Our lease happened to be up at the same time our moral dropped.
Still, many of our employees cheered and celebrated the announcement. Take the wins where you can.
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