JPMorgan Chase & Co (NYSE:JPM) has told its senior staff including managing directors to return to the office for five days a week, while it said staff on hybrid schedules should be in the office at least three days a week and for five days if required.
Reuters reported that the US’s largest bank plans to roll out more automated attendance tracking to manage work schedules, real estate and security.
The bank said some employees were still refusing to return to the office and failing to meet its minimum attendance target of three days a week.
"Our leaders play a critical role in reinforcing our culture and running our businesses," the bank's operating committee wrote in a memo cited by Reuters.
"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.”
Managers may include attendance as part of performance reviews and could take “corrective action" if requirements were not being met, the memo said, without elaborating on what form that might take.
Contact the author at stephen.gunnion@proactiveinvestors.com