Chip Cutter

speaker

1,085 appearances 18 recordings 1 series first heard Aug 2019 last heard Sep 2024

Chip Cutter’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Employers Trying New Ways To Push Workers Back To The Office · 27 Apr 2023 podcast

Well, it really remains to be seen because a number of companies have put in really sort of strict attendance policies, and they say that people still have not followed them.

And it really comes down to sort of how managers enforce this.

In its memo to employees, JPMorgan Chase, for example, said that it expected managers to

to ensure that their direct reports follow the policy and so like any workplace so much of someone's experience depends on sort of who their boss is and how they interpret a company's policies and i think even on return to office issues we've seen really mixed messages some teams just insist on having everybody back and other bosses say they really don't care you know chip amongst some of these policy changes what options do employees have if any employees don't have tons of options here companies are within their rights

to ask people to work whatever way they like, unless it's a union environment that might have a different bargaining process.

For most white collar employers, companies set the terms and bosses set the terms here.

And so companies can say, we need you back five days a week and employees will be expected to follow that.

What employees can do is look for work elsewhere or try to find more remote-friendly jobs.

That has become more difficult.

The number of jobs sort of available fully remotely has dropped in recent months.

And so it's not always super easy to find that new position that might provide that kind of flexibility.

But companies are able to impose new terms and then employees have to decide if they want to go along with it.

WSJ Your Money Briefing · How Companies Decide Which Employees Will Be Laid Off · 29 Mar 2023 podcast

Well, at many companies, it's the top leaders, the CEO, the chief financial officer, who set a high-level criteria for a layoff, mandating that a company cut a certain percentage of its workforce or reach a specified cost savings. voice-verified

And from there, the task of deciding who should be eliminated often falls to divisional leaders and department heads, according to many of the executives that we spoke with. voice-verified

So department leaders are told to come up with a proposed list of individuals to lay off based on a set criteria. voice-verified

So that could include anyone who got a low rating in a recent performance review or who joined the company in the past six months. voice-verified

Managers will then compile this list of employees to let go. voice-verified

And oftentimes, it's interesting, companies will give these layoff documents code names like Project Falcon. voice-verified

So the file's purpose is unclear if it is accidentally discovered. voice-verified

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