JP Morgan has told its global workforce of managing directors that they must work in the office for five days week.
The US bank said employees who do not meet their “attendance expectations” could face “corrective action”. Other employees are required to be in the office for a minimum 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 to staff.
“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.”
Financial Times (£)
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