The division – TD Corporate and Investment Banking, part of TD Securities – had experienced a higher than normal turnover rate over the last two years of the pandemic, and keeping its employees happy was a key priority, said Robbie Pryde, executive vice-chair and head of corporate and investment banking.
Effective this month – and in tandem with a bank-wide policy that encourages employees to come back into the office either a couple of times a week or full-time, with individual departments getting to decide – Mr. Pryde instituted a policy of three days in the office for his bankers. And after calling remote work an “aberration” that needed to be corrected “as quickly as possible,” Goldman Sachs CEO David Solomon reluctantly admitted in a recent CNBC interview that changing employee behaviour toward returning to the office would take time. The bank’s in-person attendance was only between 50 per cent and 60 per cent as of this May.
It appears that many large white-collar employers have landed on hybrid work as the current employer-employee compromise. This spring, both Bank of Nova Scotia and Royal Bank of Canada mandated that employees return to the office some days of the week, though the specific number of days would be determined by individual managers and departments. The software company Open Text closed 50 per cent of its offices and permanently adopted a hybrid work model for its 15,000 employees.
Remember the good old days of 2020 when going to a meeting meant clicking on the 'Join' button.....😁
They’ll still lose top end talent. No one wants to spend $$ to go to work.
Actually WFH is based on where you work in the bank and no one has said 3 days per week to anyone I know including myself.
Pretty soon it will be so ‘relaxed’ that there won’t be ANY employees 🤡 Banking Canada TD
I believe the hybrid model will be a healthy balance for workers. They should try 4 day workweek because now many companies are trying it out and the employees love it!
I don't think employers are ready for just how much NOBODY actually wants to be at your workplaces, where they are forced to interact with ppl they can't stand, buy overpriced lunch, drink shitty tea/coffee, b watched all day and pay $$$transit fare in order to do all that.
Crap bank that can't be trusted. And investment bankers are not exactly saint's either. Who cares.
Good luck with that. Our work mandated 2 days a week and the turnover is crazy and they can’t recruit at the budget they have.
In-office work isn't mandated at TD. They don't have to come 3 days a week.
THEY JUST NEED AN EXCUSE TO USE THE BUILDINGS THEY PAID SO MUCH FOR.... NOTHING ELSE
boil the frog approach TD....soon you're have all those sheep crashing over each other to get to your slave hole
Wow looks like a lazy approach of service for us business people need 150% service satisfaction nothing less no excuses.
🤡
Three days of pointless commuting and waste of time and fuel, making the environment worse. TD_Canada does not look like they care about their staff or the environment. They're probably making up 'workplace culture' excuses just to micromanage their staff. TDNews_Canada WFH
Don't forget 2 days wfh on weekend
Not as good as the five days at home Canadian federal government model.
Shoot, time to dust off my BCcomm: FinMaj degree & polish the ol' resume 😂😂😂😂
hmmm ...service levels dropped drastically to commercial clients with bank staff at home not worknig with each other ...will we get rebates for rents you save given less office space you need?
The division experienced a higher than normal turnover rate over the last two years of COVID, and keeping its employees happy was a key priority, said Robbie Pryde, executive vice-chair and head of corporate and investment banking.