Isn't it Ironic

[Anonymous]

JP Morgan revealed the results of internal Employee Satisfaction survey.

Number one complain they want more internal work mobility meaning promotions and transfers to new jobs.

Then complaints number two and three is they want to work from home more and have more flexible work hours.

If I am Jamie Dimon I would be confused. My staff wants promotions and increased responsibilities but don't want to come to the office or work regular hours. How do I implement this.

Full disclosure I worked at Chase way back when Jaimie started as CEO. Very very political and internal transfers occur by networking, working with other areas, going to meeting other areas so when a opportunity comes up they know who you are. In remote you just focus on your work at hand in a silo. I dont know how it works to move up quickly and get transfers without going to work. And everyone fear full of talking in emails or on camera. Over coffee or in hallway only time you get real deal there.

[Anonymous]

100%

[Anonymous]

Jamie Dimon is a choad and so are you. What the staff is clearly saying is that his beliefs are telework are going to be consigned to the dustbin of history.

[Anonymous]

And this all requires 5 days a week why? Hybrid work is perfectly compatible with everything you just said.

[Anonymous]

What pisses staff off is that external hires ALWAYS appear so much more capable than interior hires. Except they aren't and we have to spend months training new bosses. Always hiring externally just means that there's more turnover and less loyalty to the company.

[Anonymous]

The heaviest hitters work when markets are open. Thats “bank hours”. I think there are good reasons for trading to be limited to certain hours and give buyers and sellers breaks, to avoid more volatility.

[Anonymous]

Anonymous wrote:JP Morgan revealed the results of internal Employee Satisfaction survey.

Number one complain they want more internal work mobility meaning promotions and transfers to new jobs.

Then complaints number two and three is they want to work from home more and have more flexible work hours.

If I am Jamie Dimon I would be confused. My staff wants promotions and increased responsibilities but don't want to come to the office or work regular hours. How do I implement this.

Full disclosure I worked at Chase way back when Jaimie started as CEO. Very very political and internal transfers occur by networking, working with other areas, going to meeting other areas so when an opportunity comes up they know who you are. In remote you just focus on your work at hand in a silo. I dont know how it works to move up quickly and get transfers without going to work. And everyone fear full of talking in emails or on camera. Over coffee or in hallway only time you get real deal there.

Jamie Dimon needs to figure out how to reconcile all three complaints, because no one is going back to the old ways. If he’s too stupid to figure out how to do that, he’s welcome to lose people to his competitors who do figure it out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:JP Morgan revealed the results of internal Employee Satisfaction survey.

Number one complain they want more internal work mobility meaning promotions and transfers to new jobs.

Then complaints number two and three is they want to work from home more and have more flexible work hours.

If I am Jamie Dimon I would be confused. My staff wants promotions and increased responsibilities but don't want to come to the office or work regular hours. How do I implement this.

Full disclosure I worked at Chase way back when Jaimie started as CEO. Very very political and internal transfers occur by networking, working with other areas, going to meeting other areas so when an opportunity comes up they know who you are. In remote you just focus on your work at hand in a silo. I dont know how it works to move up quickly and get transfers without going to work. And everyone fear full of talking in emails or on camera. Over coffee or in hallway only time you get real deal there.

Jamie Dimon needs to figure out how to reconcile all three complaints, because no one is going back to the old ways. If he’s too stupid to figure out how to do that, he’s welcome to lose people to his competitors who do figure it out.

Citigroup is only big bank in NY that is partially WFH at two days a week. The stock is under performing and they had a few major losses as a direct result of remote work in pandemic. The underperforming stock is an issue as employees get a lot of stock RSUs that vest over time.

It you got 100K of JPM stock 5 years ago today you have $268,000. If you got 100K of Citigroup stock five years ago you would have $149,000. As you can see that two days a week WFH is expensive. But banks give stock every year so over time a massive difference in wealth if you work at a poorer performing bank .Goldman if you got $100k of stock five year you would have $306,000 today.

GS and JPM is 5 day in office. Citi is not. My brief time at JPM I have $750,000 in stock today as it just keeps going up. I dont work there but they work like dogs there and stock keeps going up.

[Anonymous]

What if it's brand + being able to hire the best? And not hours worked?

It may not matter about the hours. It may all be input quality.

[Anonymous]

Sup J1, J2, J3 guy!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JP Morgan revealed the results of internal Employee Satisfaction survey.

Number one complain they want more internal work mobility meaning promotions and transfers to new jobs.

Then complaints number two and three is they want to work from home more and have more flexible work hours.

If I am Jamie Dimon I would be confused. My staff wants promotions and increased responsibilities but don't want to come to the office or work regular hours. How do I implement this.

Full disclosure I worked at Chase way back when Jaimie started as CEO. Very very political and internal transfers occur by networking, working with other areas, going to meeting other areas so when an opportunity comes up they know who you are. In remote you just focus on your work at hand in a silo. I dont know how it works to move up quickly and get transfers without going to work. And everyone fear full of talking in emails or on camera. Over coffee or in hallway only time you get real deal there.

Jamie Dimon needs to figure out how to reconcile all three complaints, because no one is going back to the old ways. If he’s too stupid to figure out how to do that, he’s welcome to lose people to his competitors who do figure it out.

Citigroup is only big bank in NY that is partially WFH at two days a week. The stock is under performing and they had a few major losses as a direct result of remote work in pandemic. The underperforming stock is an issue as employees get a lot of stock RSUs that vest over time.

It you got 100K of JPM stock 5 years ago today you have $268,000. If you got 100K of Citigroup stock five years ago you would have $149,000. As you can see that two days a week WFH is expensive. But banks give stock every year so over time a massive difference in wealth if you work at a poorer performing bank .Goldman if you got $100k of stock five year you would have $306,000 today.

GS and JPM is 5 day in office. Citi is not. My brief time at JPM I have $750,000 in stock today as it just keeps going up. I dont work there but they work like dogs there and stock keeps going up.

I trust what you say 0%. You are a known bloviator here, and when you are not spouting misogynistic or racist tropes, you sound drunk.

[Anonymous]

Anonymous wrote:

GS and JPM is 5 day in office. Citi is not. My brief time at JPM I have $750,000 in stock today as it just keeps going up. I dont work there but they work like dogs there and stock keeps going up.

Actually, having WFH policies is correlated with higher stock returns rather than lower.
https://fortune.com/2024/10/30/work-from-home-rto-debate-better-stock-returns/

So...no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JP Morgan revealed the results of internal Employee Satisfaction survey.

Number one complain they want more internal work mobility meaning promotions and transfers to new jobs.

Then complaints number two and three is they want to work from home more and have more flexible work hours.

If I am Jamie Dimon I would be confused. My staff wants promotions and increased responsibilities but don't want to come to the office or work regular hours. How do I implement this.

Full disclosure I worked at Chase way back when Jaimie started as CEO. Very very political and internal transfers occur by networking, working with other areas, going to meeting other areas so when an opportunity comes up they know who you are. In remote you just focus on your work at hand in a silo. I dont know how it works to move up quickly and get transfers without going to work. And everyone fear full of talking in emails or on camera. Over coffee or in hallway only time you get real deal there.

Jamie Dimon needs to figure out how to reconcile all three complaints, because no one is going back to the old ways. If he’s too stupid to figure out how to do that, he’s welcome to lose people to his competitors who do figure it out.

Citigroup is only big bank in NY that is partially WFH at two days a week. The stock is under performing and they had a few major losses as a direct result of remote work in pandemic. The underperforming stock is an issue as employees get a lot of stock RSUs that vest over time.

It you got 100K of JPM stock 5 years ago today you have $268,000. If you got 100K of Citigroup stock five years ago you would have $149,000. As you can see that two days a week WFH is expensive. But banks give stock every year so over time a massive difference in wealth if you work at a poorer performing bank .Goldman if you got $100k of stock five year you would have $306,000 today.

GS and JPM is 5 day in office. Citi is not. My brief time at JPM I have $750,000 in stock today as it just keeps going up. I dont work there but they work like dogs there and stock keeps going up.

Almost zero GS seniors are in the office on Friday, especially Friday afternoon. This is part of the problem. “Everyone needs to be in” but the executive dining room is empty on Friday. A huge portion of them don’t even live full-time in the NYC area anymore.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JP Morgan revealed the results of internal Employee Satisfaction survey.

Number one complain they want more internal work mobility meaning promotions and transfers to new jobs.

Then complaints number two and three is they want to work from home more and have more flexible work hours.

If I am Jamie Dimon I would be confused. My staff wants promotions and increased responsibilities but don't want to come to the office or work regular hours. How do I implement this.

Full disclosure I worked at Chase way back when Jaimie started as CEO. Very very political and internal transfers occur by networking, working with other areas, going to meeting other areas so when an opportunity comes up they know who you are. In remote you just focus on your work at hand in a silo. I dont know how it works to move up quickly and get transfers without going to work. And everyone fear full of talking in emails or on camera. Over coffee or in hallway only time you get real deal there.

Jamie Dimon needs to figure out how to reconcile all three complaints, because no one is going back to the old ways. If he’s too stupid to figure out how to do that, he’s welcome to lose people to his competitors who do figure it out.

Citigroup is only big bank in NY that is partially WFH at two days a week. The stock is under performing and they had a few major losses as a direct result of remote work in pandemic. The underperforming stock is an issue as employees get a lot of stock RSUs that vest over time.

It you got 100K of JPM stock 5 years ago today you have $268,000. If you got 100K of Citigroup stock five years ago you would have $149,000. As you can see that two days a week WFH is expensive. But banks give stock every year so over time a massive difference in wealth if you work at a poorer performing bank .Goldman if you got $100k of stock five year you would have $306,000 today.

GS and JPM is 5 day in office. Citi is not. My brief time at JPM I have $750,000 in stock today as it just keeps going up. I dont work there but they work like dogs there and stock keeps going up.

Citi is a complete sh*t show, lending money when it’s clearly during restricted period and giving us huge headaches.
MS, Barc, Nomura are all better at what they do.

[Anonymous]

OP, I don’t see how they’re mutually exclusive. They are saying even with being in the office 5x a week, they aren’t getting promotions so maybe full time in-office is BS. So they want the flexibility back *and* they want to stop the stagnation.

What’s so unfathomable about that?