Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

JP Morgan’s tell top bankers to work five days a week in the office

by April 13, 2023
April 13, 2023
JP Morgan’s tell top bankers to work five days a week in the office

JP Morgan has asked its senior bankers in all of its offices around the world to work from the office five days a week in another sign of executives’ growing frustration with homeworking.

In a memo to staff JP Morgan’s operating committee said that its leaders play “a critical role in reinforcing our culture and running our businesses.”

“They have to be visible on the floor, they must meet with clients, they need to teach and advise, and they should always be accessible for immediate feedback and impromptu meetings. We need them to lead by example, which is why we’re asking all Managing Directors to be in the office five days a week,” the note said, which was sent to staff last Friday.

Managing directors are at the highest levels in the corporate structure of an investment bank except for the top executive positions. They typically head up business divisions.

The memo reminded hybrid-working staff that they still needed to be in the office three days a week.

“There are a number of employees who aren’t meeting their in-office attendance expectations, and that must change,” the bank said.

It said that managers could take “corrective action” if requirements were not being met. However, the memo also noted that its employees will “have flexibility, as appropriate”.

It also said that there was “significant work” going in to tracking attendance, particularly related to business travel and client meetings. “Tracking attendance is not only important to manage hybrid work schedules but also for real estate, resiliency and security purposes,” the note added.

“Working with one another — in person — is optimal for our company, our clients and our culture. Being together greatly benefits mentoring, learning, collaboration and execution — it is truly the foundation of our culture,” the note said.

Senior figures in both the private and public sector have fought an uphill battle to get employees to return to the workplace following the pandemic.

Last month, Lloyd’s of London chief John Neal called for a move away from the “Tuesday, Wednesday, Thursday world”, adding that he now wants Lloyd’s staff to work in the firm’s City building on Mondays too.

The insurer is in talks to extend the lease on its City headquarters as it attempts to encourage employees back into the office.

“Flexibility is critically important but that ain’t about turning up two days a week,” Neal said.

However, not every institution has taken the same approach. HSBC meanwhile is planning to move to offices half the size of its current premises in Canary Wharf in a sign that it is more accepting of the shift to remote working.

Read more:
JP Morgan’s tell top bankers to work five days a week in the office

0
FacebookTwitterGoogle +Pinterest
previous post
£1.2m fund backs drones to deliver freight to isolated parts of the UK
next post
45% of European VC investments fail or do not secure high returns, according to new report

You may also like

How to optimize your corporate spend

November 20, 2023

BYD pulls ahead of Tesla as it surpasses...

March 25, 2025

UK Government Plans Training ‘Bootcamps’ to Address Worker...

May 21, 2024

Rise of serviced offices aimed at hybrid working...

March 8, 2023

Nigel Farage Threatens NatWest with Legal Action Unless...

February 16, 2024

Microsoft and Apple abandon OpenAI board seats amid...

July 11, 2024

Shortfall of 330,000 workers in UK due to...

January 18, 2023

24/7 Access and Flexibility: Key Self-Storage Benefits for...

April 9, 2025

Tesla shares slip below $1tn valuation as European...

February 25, 2025

Stéphane Bellucci: Insights from a Leader in Specialty...

August 23, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Good Riddance to the Penny

      June 5, 2025
    • Oracle Fusion Testing: The UK Leader’s Playbook for Automation

      June 5, 2025
    • Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

      June 5, 2025
    • Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

      June 5, 2025
    • Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

      June 5, 2025
    • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

      June 5, 2025

    Categories

    • Business (8,148)
    • Investing (2,009)
    • Politics (15,529)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved