Wall Street bends rigid rules for employees' flexibility
Wall Street bends rigid rules for employees' flexibility
- Apr 06, 2022
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Employees who are given the option to skip "horrible commutes" and work from home are happier and more productive, says Mr. Narattil, president of the Swiss bank UBS in the Americas. It looks like flexibility is the new mantra for many banks that are shifting to more work-from-home days and hours that adjust to suit family needs.
Big names like UBS, Citigroup, Wells Fargo, HSBC and BNY Mellon have all announced plans for flexible work. Even the nation's biggest bank JPMorgan Chase expects that only about half its employees will return to the office five days a week. Jamie Dimon, the bank's chief executive wrote in his annual shareholder letter that he believed 10 percent of JPMorgan’s roughly 271,000 employees could eventually work from home.
Source: The New York Times
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