I wonder what losses the banks are sitting on:
People have made it clear that they want to “Work from Home”. CEOs who attempt to make them “Return to the Office” end up with smaller staffs, mostly composed of lower performers,without the prospect of a job elsewhere.
It’s not really a plan for growth.
intercst
A clever CEO would allow the high performers to work from home and pay them well (they already tend to pay high performers well anyway), and require everyone else to RTO (return to office). Over time, a good percentage of the RTO people will leave, then the CEO can choose to not replace them, and reduce their total headcount, mostly by shedding the lower performers.
The secondary benefit will be that people who are perceived as high performers due to politicking at the office, won’t necessarily be perceived as such after a few years of this. But, people who are good at politicking at the office are sometimes also good at politicking on zoom, etc. So it’s likely only a slight benefit.
Rinse and repeat smarter employers were doing that prior to Covid just not with as much work from home.
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