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At JPMorgan, productivity falls for younger employees at home

bloomberg.com

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Re: At JPMorgan, productivity falls for younger employees at home

#11

Post by dv_dt »

toomuchtodo wrote: post #8
ghaff wrote: post #6

Earlier quoted context omitted.

>Do you think he’s just lying about it? Not really. But the general impression from the piece is that he has various less-quantified reasons for wanting more people back to the office and slacker younger workers does seem like a convenient excuse -- especially if there's some truth to it (which is entirely possible). FWIW, if I were in my twenties at this time, I'm not sure I would trust myself to keep plugging away.

I’m in my 30s and I personally have a hard time being productive when the world is literally and metaphorically on fire and plague stricken. Being in an office would not change this.

Being in an office would make me more distracted imho. Between wondering if the ventilation is giving me covid from careless co-workers, to being more separate from family and home should another disaster crop up.

Edit: careless not carless ... lol

Re: At JPMorgan, productivity falls for younger employees at home

#12

Post by el_don_almighty »

The old guys want us back in the office as well. The party is over. It's a shame. I am getting so much more done at home. I can't believe I have to go back to that hell hole. There's no way I can replicate my home office setup. I think I am going to glue my headphones to my head claim it as an ADA accommodation...

Re: At JPMorgan, productivity falls for younger employees at home

#14

Post by jimbob45 »

I’m inclined to believe he’s afraid of change and is abusing his power to push his feelings-based agenda.

To me, this goes one of two ways. One, he loses a huge swath of young workers that apply to different companies instead and his company folds. Two, he still loses a huge swath of young workers who don’t apply but his feelings turn out to be true and the company comes out stronger. Either way, we won’t know until many years down the line.

Re: At JPMorgan, productivity falls for younger employees at home

#16

Post by frompdx »

There is a lot of certainty in the quotes this article shares given the complete lack of hard data.

> “The WFH lifestyle seems to have impacted younger employees, and overall productivity and ‘creative combustion’ has taken a hit,”

What exactly is "creative combustion" and how can one measure it?

> “Overall, Jamie thinks a shift back to the office will be good for the young employees and to foster creative ideas,” Kleinhanzl wrote.

This is yet another remote work hit piece. There are not metrics presented, perhaps none collected, and the immeasurable "creativity" is used in place of facts.

For any of these claims to have credibility the following need to presented at minimum.

1. What was measured.

2. How it was measured.

3. What the sample size was.

4. How long it was measured.

5. The delta in measurements alongside the raw data.

But I suspect Dimon and his cohort don't care about credibility. They just want to find a way to rationalize their decision.

Re: At JPMorgan, productivity falls for younger employees at home

#17

Post by mjfl »

As a young guy who was a full time remote worker for about 6 months, and also very honest with myself: I was more distracted as a remote employee. I wasn't as focused as I needed to be and when I was on site working next to the guy I reported to I was much more productive.

Re: At JPMorgan, productivity falls for younger employees at home

#19

Post by onlyrealcuzzo »

ghaff wrote: post #2

Dimon kind of throws them under the bus, doesn't he: "Work output by younger employees was particularly affected on Mondays and Fridays, according to findings discussed by Chief Executive Office Jamie Dimon in a private meeting with Keefe, Bruyette & Woods analysts. That, along with worries that remote work is no substitute for organic interaction, are part of why the biggest U.S. bank is urging more workers to retur…

LOL - as a data analyst - I would love to know how they measured this and what their confidence interval is. It's interesting they didn't share any percentages. And it's interesting that they didn't talk about weekend work at all. A lot of people where I work are working shorter days, but also working a little bit on the weekends.

I realize JPM is a pretty big company - but the way this works at a lot of companies is - someone has a narrative they want to tell, does shitty analysis until they find some data point that fits their narrative, and then the company makes decisions based on that.

How do you boil productivity down to a metric that's easy to even discuss? Anyone can get more work done by performing it at a lower quality.

Even if this was just for bankers that have a list of tickets to close - are we just talking about sheer number of tickets closed? Is the quality for each ticket going up or down?

Re: At JPMorgan, productivity falls for younger employees at home

#20

Post by carriganisms »

joezydeco wrote: post #3
ghaff wrote: post #2

Dimon kind of throws them under the bus, doesn't he: "Work output by younger employees was particularly affected on Mondays and Fridays, according to findings discussed by Chief Executive Office Jamie Dimon in a private meeting with Keefe, Bruyette & Woods analysts. That, along with worries that remote work is no substitute for organic interaction, are part of why the biggest U.S. bank is urging more workers to retur…

What kind of work are these junior employees doing that is this highly measurable?

Agreed, this claim feels totally baseless.
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