Letters warned employees that failure to follow return-to-office expectations could lead to ‘further disciplinary action’
Bank of America is cracking down on employees who aren’t following its return-to-office mandate, sending “letters of education” warnings of disciplinary action to employees who have been staying home.
Some employees at the bank received letters that said they had failed to meet the company’s “workplace excellence guidelines” despite “requests and reminders to do so”, according to the Financial Times. The letter warned employees that failure to follow return-to-office expectations could lead to “further disciplinary action”.
The bank is the latest company to signal to employees that going into the office is mandatory. Companies from Citigroup and Meta have been tracking whether employees have been going into the office, usually with a hybrid policy of three days in the office and two days at home, with similar warnings of discipline if employees don’t show up.
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For many workers, their hybrid policies are likely to stay. A new survey of American CEOs found that only six of 158 said they will prioritize bringing workers back to the office full-time in 2024. Another survey from Deloitte in November found 65% of chief financial officers surveyed said they will keep hybrid policies in place this year.
IT for a different bank here (a little smaller than BoA but not by much) - only about 30% of our userbase is in the branch offices full time - everyone is perma-wfh or hybrid & there are no plans to change that. in my office space (downtown in a major metropolitan area), we’re actively downsizing - there’s no reason to pay rent for floors where no one sits on.
I would bet this leads to BoA having higher costs than you - paying for additional unneeded office space and ALL that entails, plus at least for me, I’d insist on a premium in wages to be in an office regularly vs WFH most of the time to all of the time.