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Goldman Sachs: Bank boss rejects work from home as the 'new normal'

bbc.co.uk

11–20 of 88 posts

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#11
Anyone who thinks working at home is going to be the new normal is delusional. If I'm in the office the first people I'm going to talk to are the ones sitting across from me. After that we might move to the whiteboard and forget about everyone else we can't easily pull in.

The people working at home will be left out and it won't even be deliberate.

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#12

Whilst all this work from home is nice and lovely and whatever, for me I still struggle to overlook this cynical fact: I had a space dedicated to work in that my employer paid for. Now I must make a part of my house that space and foot the bill.

On the other hand my home workspace is an actual office, and not some nightmarish open space where my desk was 7th in a row of 8. So the space dedicated to work in that my employer paid for actually sucks and they can have it back.

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#13

I guess he wants the new recruits to be able to experience the "magic roundabout" The investment banking culture is notoriously brutal. Analysts typically work until midnight every day. Deals are unpredictable, deadlines are short and clients are demanding. There is a ritual known in banking circles as the “magic roundabout” — a graduate leaves his or her desk in the early hours of the morning, takes a cab home, and…

Baffles me that anyone would want to live like this. The sooner this bizarre culture dies out, the better.

It won’t. There will always be people willing to put in more, especially when your future of making many millions is on the line. This is what unions are for.

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#15

I guess he wants the new recruits to be able to experience the "magic roundabout" The investment banking culture is notoriously brutal. Analysts typically work until midnight every day. Deals are unpredictable, deadlines are short and clients are demanding. There is a ritual known in banking circles as the “magic roundabout” — a graduate leaves his or her desk in the early hours of the morning, takes a cab home, and…

But when a deal is not happening you have a lot of time off.

The bonus is good

The money is good

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#16

Whilst all this work from home is nice and lovely and whatever, for me I still struggle to overlook this cynical fact: I had a space dedicated to work in that my employer paid for. Now I must make a part of my house that space and foot the bill.

This is a good example of somewhere the two parties can work together. Give a tax break to companies that reimburse you for part of your mortgage/rent/utilities for your home office, and give a tax break to the employee so they don't have to count it as income.

You can kind of do this already, but making it explicit would help everyone, and since it's both pro-business and pro-employee, it appeals to both sides of the aisle.

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#18
On-boarding can be done a couple of days in person to learn about each other but I don't think that anything stands in the way to do your regular work from anywhere.

Obviously you need a cultural change and how you work, as in person communication must be done written. Biggest hindrance in efficiently working remotely when no one is doing that.

I totally get that these old companies have a problem to adapt. Especially if what someone else here wrote is that you are forced to work long hours just because.

Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'

#20

I guess he wants the new recruits to be able to experience the "magic roundabout" The investment banking culture is notoriously brutal. Analysts typically work until midnight every day. Deals are unpredictable, deadlines are short and clients are demanding. There is a ritual known in banking circles as the “magic roundabout” — a graduate leaves his or her desk in the early hours of the morning, takes a cab home, and…

I don't understand why they don't just put showers in the office so they don't have to go home.
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