It’s absolutely about control. Example. I did a short spell at a hedge fund earlier this year and they were hyper-focussed about staff being onsite. Didn’t even have seating in the kitchen or a dining area. Just bank after bank of fixed desks with people yelling at each other on video calls to other people in the same office. Control, control, control.
Maybe I’m lucky to not work in such a horrible environment. Thanks for sharing. Why do people put up with it… I mean I know it’s not always easy to find work elsewhere.
In this particular case, a combination of factors:
The company must ensure that all work-related communications for the traders (the people directing billions for the organisation and its customers) are recorded, not just recording all phone calls and emails, literally everything. They like to have these people work onsite for this because of course nobody can ever be trusted and nobody ever goes to lunch…
Management is all boomers - literally can’t get their heads around remote work. They think that if you aren’t in the office suffering then you are skiving. It’s literally about an identity and conformity.
Management is completely focussed on traders - ‘if they all have to be here then so must everyone else’
They pay exceptionally well. Absolutely a horrible environment but if you move the needle at a hedge fund then they will pay you more than any other type of employer.
I see. Really weird to hear about these old school boomers’ mentality. I thought they were the minority because “why would I work for you if you say shit like that?” In the tech industry where I work this wouldn’t fly. Or companies push for rto just to push people out. But I can now imagine how it can be in other industries.
It’s absolutely about control. Example. I did a short spell at a hedge fund earlier this year and they were hyper-focussed about staff being onsite. Didn’t even have seating in the kitchen or a dining area. Just bank after bank of fixed desks with people yelling at each other on video calls to other people in the same office. Control, control, control.
Maybe I’m lucky to not work in such a horrible environment. Thanks for sharing. Why do people put up with it… I mean I know it’s not always easy to find work elsewhere.
In this particular case, a combination of factors:
I see. Really weird to hear about these old school boomers’ mentality. I thought they were the minority because “why would I work for you if you say shit like that?” In the tech industry where I work this wouldn’t fly. Or companies push for rto just to push people out. But I can now imagine how it can be in other industries.
Because if you don’t put up with it, you die.