Office Attendance Monitoring Is Degrading Company - Senior Engineer DTCC Employee Review

1.0
28 Aug 2024
Recommend
CEO approval
Business outlook

Pros

Some nice people to work with.

Cons

As another reviewer has said, the weight and increasing effort this company is putting in to monitor office attendance has gotten ridiculous. Not only do employees feel like they’re being watched like children, but now we also need to worry about hitting certain marks for attendance because the dashboard does not factor in PTO, holidays, etc. Why are we putting more effort into this monitoring tool, but still leave these reporting gaps open? Its as if it’s modeled in such a way to make it look like employees are missing the mark. Frank’s old ways of thinking in regards to office attendance has already caused great talent to leave the company, and it will most certainly continue - especially since we continue to put more effort into this monitoring. This “flexible” wfh arrangement has gotten increasingly inflexible as time goes on, and it’s very unfortunate that DTCC does not take employee feedback seriously at all on this subject. The fact performance is affected based on what chair employees are sitting in is the absolute wrong line of thinking. DTCCs rationale on office attendance is to “increase collaboration”, but how does office attendance increase collaboration for the teams that are based overseas? Team collaboration does not change when the only collaboration is through a Zoom meeting - period. In fact, collaboration is decreased in this scenario due to the time wasted commuting just to make sure our badge swipe is recorded. Another excuse DTCC uses as rationale is that other companies have had a similar attendance model since Covid. Why does this company claim to hold so much weight in innovation, then? Do we only innovate where convenient? It certainly feels that way, since employees concerns over this attendance policy are never heard and are instantly shut down.

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DTCC Response
1y
Thank you for taking the time to share your perspective with us. We value hearing from our current and former employees, your feedback is invaluable to us as we continually strive to improve our workplaces for our employees. We will share your feedback with the appropriate team in order to address the areas of your concern.

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5.0
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Pros

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Cons

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4.0
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Pros

Internal Audit's work is meaningful and provides strong exposure across risk, technology and operations. Audits tend to focus on areas that truly matter from a regulatory and risk perspective, so you're not just checking boxes. There is a genuinely strong team culture. Colleagues are competent, collaborative, and willing to help, with a good mix of experience levels that make it a solid environment for learning. There is also clear investment in employee development. Managers often have regular career discussions, and there are ongoing efforts around training, including newer areas like AI tools and capabilities. Recognition is present, and people are generally acknowledged for strong performance. Overall, it's a strong place to build audit fundamentals, gain exposure to innovation initiatives, and develop credibility within financial services / internal audit.

Cons

Internal Audit's workload is consistently high, not just during peak periods. It's common to juggle multiple audits with overlapping deadlines, alongside continuous monitoring and other responsibilities, which can make it difficult at times. Processes can be very documentation heavy and sometimes feel rigid, which is expected in a highly regulated environment but can reduce efficiency. A significant amount of time can go into formatting, reviewing and aligning work papers to methodology. Some workflows remain manual, which adds to the overall pressure and limit efficiency.

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