Wall Street bends rigid rules for employees' flexibility

Apr 06, 2022
368 views
0 comments
Share
Inclusion, Equity & Diversity

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

368 views
0 comments

Tags In

Jobs In BHEL

Previous days news

Mar 30 Mar 28 Mar 27 Mar 23 Mar 16

Best tech jobs in the United States : BLS data

Sep 06, 2022
862 views
0 comments
Background Checks

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

Sep 06, 2022
718 views
0 comments
Background Checks

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

Aug 17, 2022
906 views
0 comments
Background Checks

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

Aug 17, 2022
697 views
0 comments
Background Checks

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

Aug 10, 2022
982 views
0 comments
Background Checks

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

Wall Street bends rigid rules for employees' flexibility

Wall Street bends rigid rules for employees' flexibility

Tags In

Others news

Category

Tags

Articles