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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

#31

Post by dmoy »

dv_dt wrote: post #11
toomuchtodo wrote: post #8

Earlier quoted context omitted.

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

Right now I'd pay good money for corporate HVAC. I'm coughing myself to death in my own home right now

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

#32

Post by chiefalchemist »

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…

I felt the same. I'm sure JD had particular results in mind. When you have that much juice you tend to get what you want.

It'll be interesting to see the social media reaction once it breaks that employees are being ordered back en mass, no opt out, etc.

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

#34

Post by mcqueenjordan »

I prefer arrangements where I go in to work ~80% of the time. (e.g. ~1 day each week WFH of my own choosing, completely spontaneous day-of decision.)

That being said, I don't think my productivity has taken a hit during this long period of WFH. If anything, I think I'm being more productive. I do miss the social interaction, though. That's why I prefer the 80/20 arrangement.

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

#35

Post by echelon »

OminousWeapons wrote: post #29

This may be an unpopular opinion, but I honestly can't wait to get back to the office (or any other workspace that isn't my home). I really hate working at home. I don't have enough space or privacy, it becomes far more difficult to partition work and play when they occur in the same spaces / I find myself distracted more easily, and there is no one to socialize with when I'm sitting by myself every day. Could I reme…

I've officially reached zero productivity today.

I'm sick of being stuck in my tiny condo with the noise from neighbors and zero work/life balance. The constant streams of asks on Slack that wake me up in the morning and keep me up at night.

I'm making more in the stock market than my job.

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

#36

Post by dv_dt »

ivalm wrote: post #21
dv_dt wrote: post #9

Earlier quoted context omitted.

How does anyone take quantified metrics seriously if trying to compare pre-covid market bubble data to in-covid recession/market bubble. The environments are completely different.

One can do differential comparison for day of week. AggregateOverEmployeesByAgeGroup(AggregateDatesBeforeCovid(Prod(employee_i | day of week)/AggregateDatesAfterCovid(Prod(employee_i | day of week before covid))) Then see if it is flat or if there is changes (such as it dips on monday/friday)

Thats .. an adjustment. It really doesn't tell you if the work inputs allocated to young vs old groups shifted before and after covid. Also, I question the validity of the Prod( ) function as, like much other information work, the productivity yields on different timeframes and can be very difficult to correlate inputs vs outputs.

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

#37

Post by AlexTWithBeard »

pydry wrote: post #15

Younger employees probably have less space. Apartment/house shares, etc. I've known some who are working on their bed. This isn't healthy nor is it likely to be conducive to productivity.

I don't think space cannot be blamed here: modern offices are crowded and noisy.

My scientific wild-ass guess would be that younger employees naturally require more coaching, while the older, more experienced folks know the stuff and just keep doing what they've been doing for the past ten years.

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

#38

Post by chiefalchemist »

zepto wrote: post #4
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…

Do you think he’s just lying about it? When I was a younger worker I certainly did slack off on Friday and Monday when I could get away with it. I’ve worked in more than one office where people started drinking on Friday afternoon in the office when the CEO was out of town.

Lying? He's saying what he needs to say to print more money. He didn't say it was _only_ the younger employees, did he?

He's not a goal. He's got a narrative. Is anyone going to question him? And wreck their career?

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

#39

Post by kzrdude »

echelon wrote: post #35
OminousWeapons wrote: post #29

This may be an unpopular opinion, but I honestly can't wait to get back to the office (or any other workspace that isn't my home). I really hate working at home. I don't have enough space or privacy, it becomes far more difficult to partition work and play when they occur in the same spaces / I find myself distracted more easily, and there is no one to socialize with when I'm sitting by myself every day. Could I reme…

I've officially reached zero productivity today. I'm sick of being stuck in my tiny condo with the noise from neighbors and zero work/life balance. The constant streams of asks on Slack that wake me up in the morning and keep me up at night. I'm making more in the stock market than my job.

Can you sign off from slack when you finish working for the day? That should be step one for getting a balance.

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

#40

Post by pmiller2 »

spike021 wrote: post #30

I'm not nearly as productive in my 1 bedroom apartment as I am at the office. I try to only go to my desk during work hours but it's where my dining area would be, so while cooking I like to browse the internet/watch Youtube on my ultrawide monitor. At the same time, it's a small apartment, so the dining area is part of my living room. This means I'm in the same room for pretty much the entirety of the day. I try to…

As someone who has that extra room, which I have made into an office, I say, if you can afford it, do it. Not only is it good for WFH, it makes a good hobby room/library for me.

I agree with you about WFH in the future, as well. When I can go back to an office, 1-2 WFH days a week is about what I want. That would be a bit of an uptick for me, since I normally would take 1-2 WFH days a month, but there's enough to like about it that I don't want to give up (getting the commute time back is nice sometimes), and I've gotten good enough at it to sustain it.

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