3, 4 or 5 days in office?
36 replies (most recent on top)
It might happen I know of a few other financial firms that are going to 4 days in the office next year
How much do you want to bet that the TH next month to share the important business strategy updates will be that RTO will be changing to 4 or 5 days starting in January.
I’m taking the over on 5 days.
@21j TEF payments can’t begin until the building is officially occupied. I would wager they still will not reach the necessary thresholds though.
@22s I heard from someone higher up we’re going to 7 days a week and they’re getting rid of holidays
I heard from someone higher up though I’m not sure how true it is but apparently, once the Denver office shuts down and with more space opening up in Charlotte due to Accenture, there’s talk of increasing the in-office requirement to four days a week. They’re reportedly avoiding five days due to concerns about staying competitive.
This company is F’d.
Full Stop.
@21j YEP. I wouldn’t be surprised if TIAA decides to withdraw from the TEF grant.
@21j … if that’s true then I’m laughing all the way to the bank. Thanks for the severance TIAA and good luck finding equitable replacements in Frisco or relocating NY/NJ, Chicago, or Charlotte associates there. Guess the fresh young talent you salivated over wants to go to other more reputable and better run companies.
Companies receiving the Texas Enterprise Fund grant usually get paid in annual increments based on meeting their job and wage targets. TIAA hasn’t received a dime from the State of Texas since the grant was announced in 2022—apparently not a single target has been hit.
@1x2 100% agree. Plus closing Denver to save money leasing floors but also have to pay millions in relocation or severance packages and losing decades of experience makes this already bad situation even worse.
Severance relocation and whatnot could end up being a literal $18M “wash” for this new office in dollars alone.
It’s hard to put a price on experience and dedicated workers being replaced for less than a month or no knowledge transfer ability to new hires. Sure hope the fresh young Frisco talent hired leave the company after 6 months when they see our archaic processing, for better roles in a booming job market in DFW.
@1g4 what board? I’m not hearing this.
@1nt per official State of Texas reports, TIAA only had 400 of the 2000 jobs needed to get the $18mn grant in Frisco in 2024. It’s probably in the 650 - 750 now. With the low numbers from Denver and Jacksonville, the only way to hit the 2k is to force Charlotte, NYC, and other advisory offices to Frisco (which we know is already happening).
When a multi-billion dollar company is running so tight that $18mn is essential for survival (and what should otherwise be a rounding error), you know things are BAD
@1wp since only 10% of Jacksonville and maybe 15% of Denver relocated to Texas I believe Charlotte will get offers soon so TIAA/Nuveen can get their tax benefit. If at least 10% move, then we can probably go to 5 day weeks shortly after the relocations or reduction in headcount for those who chose not to relocate.
Current headcount in Charlotte might make it very crowded for 5 days a week, but I would imagine that the announcement might be part of the effort to reduce that headcount.
I heard a lot of employees are working 7 days a week
@1m5 that was for AAs for Wealth Management Advisors in client facing roles.
https://www.thelayoff.com/t/1jszftxyy
Still not out of the realm of possibility they make all associates 5 days a week but would make more sense in 2026 or 2027. Especially since the relocation offers required folks to be onsite at their new office by 9/1/26.
@xs Really? I read a post on another board and I just shared what it said….and the post is still there. I’m not saying it’s a fact that’s going to happen. It’s a fact that the post was on the other board and it’s still there. Therefore my post is accurate. ¯_(ツ)_/¯
@1m2 One group already went back 5 days with no regard to paying more to park or gas prices. Somebody brought it up too, and they said they would “address it.” Nope.
@1k2
regardless they need to make it worthwhile for associates that have to pay to park versus Frisco and Charlotte who have free parking. Especially with ongoing hiring freezes and lack of raises for many workers the last few years. Else talk about losing talent, it will be like a sieve trying to hold water.
I agree with the other poster @1hj about needing to make employees feel welcome and comfortable by having assigned desks if they go to 5 day work weeks for 6 hours a day or whatever.
@1hj Hi...I worked in the Denver office for 15 years and we never received reimbursement for parking...only discount we received was parking charges coming out of paychecks pre-taxed if you had a recurring monthly payment to parking garages. Also if TIAA is not paying for parking/bus/light rail passes now(for 3 days) why would you think TIAA would all of a sudden start paying for 2 additional days?
@1g4 if that’s true they better just go and give us assigned desks instead of booking 5 days a week on zoom. Plus they’ll will probably have to reimburse Denver NY and Chicago associates for parking/commuter fees again.
Sweet! More time to color like we’re in corporate kindergarten. 😒 Can they fire whoever keeps putting out the coloring sheets in CLT? It’s insulting when we haven’t had raises in years but hey here’s some coloring sheets and crochet classes.
Return to office means getting on zoom in the office instead of getting on zoom at home as they continue to outsource your job to a guy who gets on zoom from another country. Make it make sense.
@ae I just read on another board that it’s going to be announced in the next two weeks that it’s going to be 5 days a week with a 6 hour minimum in the office. Take it for what it is, but it wouldn’t surprise me.
@ae your entire post is inaccurate
Does anyone believe anyone who has any idea what HR's plans are is coming on this board? Don't believe everything you read on the world wide web.
@fc many companies I have applied to including competitors are still 3 days a week in office and a lot are fully remote still and many roles pay more than TIAA though most of the other benefits are not as good - I can see TIAA saving money by cutting a lot of those benefits to remain competitive or stay afloat/above water. Some have 4 days RTO but it’s for the first 6 months of a new hire then goes to 3 days. So not sure why or how we can “poach” talent. We are a laughing stock amongst our competitors - quite literally actually.
Saving money what are you talking about? It wastes money if we are not in the office. Denver building owners defaulted on the loan several years back so TIAA doesn’t want to pay any more than they had to (saving 3 years of the lease). After cutting g Denver saving millions in leasing and all the other sites can the support a 4 or 5 day RTO.
Also @fg not sure if you were being sarcastic … but people still eat at their desks and microwave fish and other smelly food in the break rooms in each site. Not many use the amenities or things because as folks said here many just want to badge in work and leave so they don’t go below 3.0 too much and get written or verbal warnings or worse.
@d6 "disgusting shared cubicle next to loud talkers and the smell of someone’s foul microwaved lunch." To be fair this describes the pre-COVID offices and not the renovated spaces at major locations that provide areas for individual work, conferences and breaks.
Changing the hybrid policy would be a foolish move.
Strategically speaking IMO, hybrid/remote work is one of the key “benefits” that allows TIAA management to poach quality talent externally and MAINTAIN high quality talent internally while not adding any extra financial drag to the company, this is assuming the other outside employers they are trying to poach from are equal in every way to TIAA but are on site 4+ days a week, which is ridiculous in 2025 and beyond post-COVID where companies in many, many cases made as much or more profit with entirely remote workforces in the pandemic.
I’m sure many people both internally and externally would literally take
Less money to have a hybrid/remote role maintained, I know I did when I came here lol.
At the end of the day, this whole RTO push is outdated and a cope for failure to adapt to modern team structures and dynamics. Allow everyone to conduct business/work in the best way they see fit, if they don’t perform, then have a conversation. More days in an office won’t change an individual who is not driven and/or competent, it only introduces more variables for their failure.
@ae Yes they can track by your VPN...and they are tracking now!
I for one welcome more time spent sitting in traffic, more time in a disgusting shared cubicle next to loud talkers and the smell of someone’s foul microwaved lunch. These things are much more efficient and productive than my own home office that I spent the better part of five years working from. If it takes my employer monitoring and tracking my every move to “retire inequality” and “ get my paper right” count me in.
@aw it’s more likely they will try and replace as many people as they can with Agentic AI… keyword is “try”…
…but other companies will too, and will likely do it better than TIAA who is and has always been literal decades behind in technology.
@aw did you see the “Easter egg” in the Wave 2 training that actually mentioned using our phones rather than badges, to be rolled out sometime in 2025?
I did and your points are spot on.
Just wait until they replace physical badges with a phone app on our personal smartphones. The time to switch to a basic flip phone without apps is now y’all. Well it was probably a few months ago before they forced everyone to have the Microsoft authentication app for MFA and other internal sites or when logging in from home.
They can run reports from IT side to track how long a laptop is connected to the TIAA network in office and via vpn at home. They can do it now though implementing that may be tricky if network down or we’re disconnected as we walk to other buildings or floors for meetings. VDIs are tougher being “always on” but can tell if the Citrix app to use the VDI is on site or via your personal device.
Their end game is to get people fed up and resign to avoid paying out severance while not hiring a replacement, making remaining members on the team feel the burnout and leave. That or hire fresh young talented newbie interns for cheap…
@ae They can and do track through badge swipes and auto licenses readers when entering some of the facilities.
I’m hearing 5 days with a required minimum time in-office sometime next year. Can anyone confirm/deny? Can they track how long we are in the office?