The reality is that Jaime Dimon is out of touch. On last year’s employee conference call, he was asked about return to office and how WFH has opened up significant flexibility for employees personal lives, specifically, children’s doctors appointments. He responded that your nanny should be taking the kids to your kids doctor’s appointments so you can work at the office.
Nobody should listen to billionaire boomer fucks.
Jamie Dimon (compensation 34.5 million 2022) says what?
Too many people think rich and in charge = smart and reasonable.
“We’re not going to make that decision because we’re pandering to employees”
Is there such a thing as “pandering to employees”? The employees are doing the real work to keep the company going, while Dimon’s work apparently includes appearing on news stations ridiculing said employees.
Hopefully the next headline we hear about J.P. Morgan will be a mass voluntary attrition.
Pay people for the commute.
Pay people during their commutes, they “clock in” as soon as they get into their cars and “clock out” only when they get home.
That rewards employees for living as far away from the office as possible. Is that a fair thing to do? I seriously don’t know.
Does it? You are still working the same hours, it’s just that you are spending some of those hours driving. I suppose if you like driving more than your actual job? On the other hand, it makes your labor more expensive, and thus you are less competitive if other people happen to work closer. Why pay someone 8 hours of pay for 4 hours of work when you can pay someone 8 hours of pay for 8 hours of work, either because they live next door or they work remotely?
you’re right, let’s scrap offices altogether and wfh 100%
Something tells me there might be a middle ground here.
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I’m not sure why you’re talking to me like I’m suggesting some sort of crazy thing when I wasn’t even making any suggestions…
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Not rewards, incentivises, means the employer has a larger labor pool to pick from, which in capitalism is good.
But isn’t making commutes longer a bad thing? Especially for the planet? And this is encouraging it.
Decent public transportation can offset this easily
At which point they say, “if we’re paying you to sit on the train, you can do some work while you’re sitting there.”
Then hey, I can get some of my 8 hrs done on the train and only have to sit in the office for 6 hours! Sounds like a win-win to me.
Capitalism in general is bad for the planet
It makes commuting/commuters more expensive, so financially it incentivises remote work–which is objectively a better alternative.
I agree remote work is a better alternative. I was just addressing this idea of paying people to commute.
he probably owns office real estate.
Another dinosaur from the past century resisting
21th21st century.Twenty-oneth century
Meanwhile, back in reality, my company isn’t upside down on commercial real estate & likes making more money so we are getting a smaller office to house our servers & equipment.
My company did the same. We had a six week assessment period where everyone was required to come in two days per week. Once that data showed no major difference in output, we got a smaller office (for receiving and such) and everyone was told the office is optional. Smart business that kept people happy.
This right here.
Find me a company deeply invested in office real estate (in particular, expecting a return on that real estate), and I’ll show you a company against remote work.
The real detriments don’t exist. True, I have met workers that don’t like remote work: companies have latched on to those people as an excuse to continue what is otherwise an entirely transparent narrative.
If anything I gain productivity by working from home. I see companies that don’t support that kind of work as entirely being behind the curve.
Mine was a bit hesitant but they are now talking seriously about getting rid of more offices and they had done one pass on that before. I would sorta like them to have an office subscription
My employer would beg to differ. Seeing as they pay my mortgage and not him, he is irrelevant.
the same management who wanted everyone to return to the office are the same people who are still joining Zoom calls from home.
That’s OK, I didn’t have any desire to work for that asshole anyway…
Most folks are exponentially more productive when they don’t have to waste hours of their day (stressfully) driving/public transit from A to B just to do their job.
I am way more productive when I’m not also being constantly interrupted by the people around me all day long. When I sit down to work at home I will go hours without even looking up from my screen. When my attention is interrupted in the office, which happens regularly, it takes me a good 5-7min to focus again. Repeat that same process a couple times an hour and not a lot gets done.
I can’t believe how much time I waste in the office. It’s unbelievable. I will say that certain meetings in the office are better. However, maybe a day or so for those but for the most part. It’s such a waste.
Yeah but have you thought about this Boomer’s CRE clients/friends? What about his origination business?
You are insensitive… why do you hate freedom and holy profit of another man who works very hard for every penny.
And that’s how you lose talent…
I don’t mind visiting the office once in awhile, say 2 or 3 times a month. But to mandate it to every day is asinine. I’m never going back to wasting 3 hours a day sitting in a train/stuck in traffic.
Gee, I wonder how much he and JPMorgan are invested in commercial real estate.
Ill give you a hint: JPMC owns one of the largest buildings in the United States, second only to the Pentagon. Their Columbus location is a multi-mile long, 6 story, repurposed Mall. And thats just one of 8 Non-Branch locations they use in Columbus.
I know dozens of people who work there. Most hate it
Parking is atrocious and you have to walk like 10 minutes from your spot to the building. And then I’m the building another 5 to your office
Oh and you thought you were leaving at 5? It’s a 30 minute commute just from the parking lot to the first street because of the traffic
Hang on!
If it was a shopping mall, surely it had really good parking. Why does everyone go to shopping malls instead of town centres? It easy to park!
They must have actively tried to break it!
Shopping malls tend to have choke points where the rapidly flowing road traffic transitions to more random car park traffic. Not a problem if a few thousand people are coming and going as they please throughout the day but thousands of people arriving together at 9:00 and leaving together at 17:00… they’re just not designed for that sort of thing.
It’s mostly due to the sheer amount of people who work in the building. The building holds over 10k employees. Problem is, everyone wants to park near their office space so they dont have to walk a mile or two to get to the other side of the building. So it gets cluttered very quickly around key lots.
Also, there’s no parking garages. It was a flat lot until a few yesra ago. Now its a flat lot with a second story.
… and car manufacturers, and oil companies, and tire companies, and the fast food franchises lining every freeway exit…
LOL, because that company did sooooo badly when everyone was remote for COVID. Boo hoo, my real estate is worthless now that remote work has been proven to have no significant impact on productivity–objectively and empirically
never had a good experience dealing with Chase, I guess leadership feels the same for the employees?
They say the fish stinks from the head. Jamie Dimon is your typical corporate CEO asshole. I wouldn’t expect any different.
