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Old 05-05-2021, 05:28 AM
 
6,190 posts, read 7,426,667 times
Reputation: 7575

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Quote:
Originally Posted by WhyRUMad View Post
“Goldman Sachs headquarters in New York. The firm set June 14 as the date for a return to U.S. offices and June 21 for offices in Britain.”

https://www.nytimes.com/2021/05/04/b...to-office.html

I read that JP Morgan is doing the same. It seems the big banks are a big negative when it comes to continued work from home. Expect a mass exodus from Long Island and Westchester over the coming months. It was fun while it lasted...

Good news for the service industry.
A lot of people who went out during peak COVID came back already. It's packed out there.
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Old 05-05-2021, 07:49 AM
 
2,508 posts, read 1,276,407 times
Reputation: 5496
Sucks for them.
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Old 05-05-2021, 08:20 AM
 
Location: New Jersey!!!!
19,162 posts, read 14,216,623 times
Reputation: 21784
Hopefully all NYC companies order their shee- I mean employees back. I need those tax rolls pumping.
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Old 05-05-2021, 09:46 AM
 
173 posts, read 149,515 times
Reputation: 143
Quote:
Originally Posted by WhyRUMad View Post
I’m talking about associates making $80k to $160k
FWIW, an associate probably makes $160k minimum base. Closer to $225k-$300k all-in. Even a first-year analyst makes more than $80k (more like $85k street pre-pandemic, with many IBs bumping pay across the board up to 100k range).
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Old 05-05-2021, 09:50 AM
 
Location: New York, NY
3,669 posts, read 2,786,794 times
Reputation: 4639
Quote:
Originally Posted by Palpable View Post
FWIW, an associate probably makes $160k minimum base. Closer to $225k-$300k all-in. Even a first-year analyst makes more than $80k (more like $85k street pre-pandemic, with many IBs bumping pay across the board up to 100k range).
Sorry, I actually meant young analysts in my post. Thanks.
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Old 05-05-2021, 09:51 AM
 
1,034 posts, read 453,788 times
Reputation: 1251
Quote:
Originally Posted by mathjak107 View Post
The company I do work for has all employees back in the office now
I've said this was going to happen.

The claim by many that "productivity is through the roof", " we've never been more productive", etc is just...not..true.

Maybe the top slice of employees is more productive but the bottom 80% isn't. At best it's the same productivity and for the bottom 2 quintiles it's most likely even worse productivity.

The people who work **** workers before COVID magically for better?
Watching YT and Netflix while doing work = more productive. Lol

The problem is the bottom quintiles who were barely productive even when in the office.
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Old 05-05-2021, 09:56 AM
 
82 posts, read 41,212 times
Reputation: 72
Quote:
Originally Posted by WhyRUMad View Post
Sorry, I actually meant young analysts in my post. Thanks.
The analysts (and unmarried associates) never really left the city, though. If they did it was just to spend a few months at their parents' house in Darien or Garden City.
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Old 05-05-2021, 10:09 AM
 
Location: New York, NY
3,669 posts, read 2,786,794 times
Reputation: 4639
My office is going back in starting next month. But we’ve always teleworked three days a week, so no biggie. I’m actually excited to see my colleagues. My plants must be long dead. Lol.
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Old 05-05-2021, 10:18 AM
 
Location: New Jersey
11,197 posts, read 9,186,924 times
Reputation: 13959
Workers working from home permanently would have created a nexus for companies.

IMO, a 3 days on-site/2 days off-site can work for most companies. (Friday should always be a WFH day. This will result in less of a traffic jam during Friday's rush hour)
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Old 05-05-2021, 11:56 AM
 
1,034 posts, read 453,788 times
Reputation: 1251
Quote:
Originally Posted by Mr. Ryu View Post
Workers working from home permanently would have created a nexus for companies.

IMO, a 3 days on-site/2 days off-site can work for most companies. (Friday should always be a WFH day. This will result in less of a traffic jam during Friday's rush hour)
Friday WFH = near zero productivity. That's why Fridays are usually reserved for emergencies only.
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