HelpWanted.com

Wall Street bends rigid rules for employees' flexibility

Wall Street bends rigid rules for employees' flexibility

Much of the banking industry saw remote working as just a pandemic blip and even relied on employees to keep coming in when closings turned Midtown Manhattan into a ghost town. But now, employees are embracing a much kinder and gentler Wall Street. With many workers resisting to return-to-office and with competition for bank talent rising, many managers are coming around to work from home- or at least acknowledging it’s not a fight they can win.

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 
Tags In
Jobs In BHEL

Previous days news

Mar 30 Mar 28 Mar 27 Mar 23 Mar 16

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
SME Tata Assistants Hiring UI Design Dream Job Package Industry Placement Coding Tamil Nadu Jobs Neglect Relief Fund Recruitment Exams Employment Excahnge Daily Wage Workers Aviation Jobs Aviation Regional Lang NRRB Weavers Energy Sectors Online Platform Jobs COVID-19 Employment Enrollment Tech Hiring Cognizant Jobs Remote Workers TCS Jobs Ministry Of Defense Job Seeker Jobs In 2021 Diamonds Coursera Career Switch Digital Nomad Jobs Military Communication Sbu Unemployed Jobs In Mumbai Discrimination Automation Jobs Startups Tech Skills In Demand Law Graduates Education Jobs Automation Indian Oil E Learning CMDA Misconduct
Articles

7 Signs That Tell You It’s Time to Quit Your Current Job

Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...Read more

The Unionization Wave

From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...Read more

I-9 Compliance for Remote Employees - A Guide for Companies

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

Effective Ways to Stay Productive While Telecommuting

Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...Read more