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.

Anonymous wrote:This is the most boomer take, OP. You can perfectly have a worker that wants a promotion that also wants work flexibility. CEOs take calls on private jets or from conference rooms every day: it’s no different.

Anonymous wrote:

Anonymous wrote:You can work from home and have more responsibility. What don't you understand about that.

You don't nee to be in an office to manage people. You also don't need to be on camera (Zoom, Teams) to manage people.

Outside of ownership, I am top of the totem pole at a company with 35 people in a production facility, 6 remote "corporate staff", 22 sales people and 4 person technical team spread around the country. I see some of them in person once or twice a year, a majority of them I never see. No meeting with cameras on unless they are client facing.

Why do you feel these things can only be accomplished in person?

Jamie Dimon is an angry dinosaur. He's an incredibly rich and powerful man who whines that when he is working he can't find anybody to respond to him/people slacking and not available to him, etc. Many complaints and quotes to that effect.

I work somewhere corporate that allows fully remote jobs at times and 3 days a week RTO. Any of our ordinary directors ($200K-ish employees) would receive better service than Jamie Dimon.

My conclusion is that Dimon is either lying, bullshitting to communicate his unhappiness, or he is such a 24/7 PITA that his ecosystem of reports avoids him/deliberately does not reply to him as a containment/control strategy.

My basic low-level peon take is that he's probably an a$$ to his direct reports, they use containment strategies, and he doesn't replace them because they are either good or he can't do better.

Anonymous wrote:

Anonymous wrote: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.

+1000

I was able to walk my dog, go to gym, do my groceries, meet up with friends for lunch, go to the library, walk in the mall and play with my kids when I was working from home. Going to office means I cannot do any of this during work hours.

Anonymous wrote:You can work from home and have more responsibility. What don't you understand about that.

You don't nee to be in an office to manage people. You also don't need to be on camera (Zoom, Teams) to manage people.

Outside of ownership, I am top of the totem pole at a company with 35 people in a production facility, 6 remote "corporate staff", 22 sales people and 4 person technical team spread around the country. I see some of them in person once or twice a year, a majority of them I never see. No meeting with cameras on unless they are client facing.

Why do you feel these things can only be accomplished in person?

Anonymous wrote:

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 wrote:You can work from home and have more responsibility. What don't you understand about that.

You don't nee to be in an office to manage people. You also don't need to be on camera (Zoom, Teams) to manage people.

Outside of ownership, I am top of the totem pole at a company with 35 people in a production facility, 6 remote "corporate staff", 22 sales people and 4 person technical team spread around the country. I see some of them in person once or twice a year, a majority of them I never see. No meeting with cameras on unless they are client facing.

Why do you feel these things can only be accomplished in person?

Anonymous wrote: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 wrote: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 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.