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Goldman Sachs: Bank boss rejects work from home as the 'new normal'
31–40 of 88 posts
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#32I 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.
It's quite funny isn't it - GS has this reputation for brutally insisting their employees working like this whilst Tech companies very quietly and passively set up conditions where people can work like this. If you think "Who has designed their company so that I work there 24/7 with no break" it's not Goldman, it's Google.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#33Whilst 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.
I don’t understand - don’t people already have home offices for at least doing their bills and things?
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#34Whilst 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.
Why wouldn't they pay (at least up to) the same amount of money to you so that you can create your own space?
The amount of rent paid per employee has been driven down over the decades as the square foot space dedicated per employee has driven down. Give employees those savings and it would amount to converting an already used space (a closet) in your home to some pale representation of what you had in the office. Certainly would not justify adding on to the employee’s house, and not everyone has spare space they bought or rent that they magically don’t need for personal use anymore.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#35I 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.
To keep the illusion of having a work-life balance. Another possibly is to not store your belongings in your office. So you go to your stor.. ehrm home to change and water your plants.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#36If you think the CEO of Goldman Sachs is focused on the needs of Summer Interns or new hires, I've got a bridge to sell you. GS can't manipulate its employees as effectively from home as it can in person.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#37I'm of two minds. I don't think most office work can be done from home all the time, but I think a lot of it can be done efficiently from home. On the other hand I also value the social aspect as well as the easy onboarding in-person. For GS, if their competitors are offering better working conditions, their top employees may switch over, leaving them with the ones who don't have a choice. Maybe he would better under…
My understanding is that a large part of the finance/banking culture is to be able to show off how much money you are making, and be able to flaunt that - so being in the office/socializing outside is a large part of the job as it were, and being at home wouldn't allow for that.
(I could be be way off the mark here)
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#38Whilst 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.
This. I've been working remotely for almost a year now and I'm not looking forward to being back in the office. I don't spent 3 hours a day on the road, I don't have to see and hear my coworkers and don't want to sit at my desk. My employer may rent another place 5 times smaller, whatever. I'm here at home enjoying my loneliness and I've never felt better about my job.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#39Whilst 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.
I’m willing to foot that bill in exchange for getting rid of my two hour round trip commute. It probably evens out with the savings on fuel or ticket costs. It doesn’t even factor in the stress of commuting and being on time into the office.
The luxury of able to wake up and just walk into your “office” in your pajamas is priceless to me.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#40I 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.
I'm guessing if they did that it would make the problem a lot more visible.
My office does have changing rooms but they're intended for cyclists.