A leaked internal memo suggests that JP Morgan employees are not satisfied with the company’s culture compared to last year-and the return mandate is to be blamed.
In the annual survey of JP Morgan’s company Culture, which asks employees to assign things like internal movements, work life balance, and health and well -being, fewer employees of JP Morgan considered their health and well -being to the company compared to last year.
Related: JP Morgan will fired Junior Bankers on a joint practice, which CEO Jamie Demon has called ‘immoral’.
In response, the company’s leadership tied the lower score to its Return Two Office (RTO) mandate. JP Morgan ordered employees to return to the office for five days a week in March, indicating some staff to look for jobs and forced others to sign a request for hybrid work. Nevertheless, the company and CEO Jamie Demon did not budge.
Demon and Chief Human Resource Officer Robin Leopold wrote to the staff in the leak memo, “Health and well -being are favorable, though they have reduced the annual year.” Barren. “We know that full -time returning to the office has been an adjustment and one that not everyone agrees with it, but we personally believe how we do our best and how we promote contacts and movements.”
In the survey, employees also reported less scores than last year for work life balance and career internal opportunities. Demon and Leopold assured employees in Response Email That JP Morgan prefers “carrier movements” as well as “flexibility”.
JP Morgan Chase CEO Jamie Demon. Photographer: Serial Marseille Hessi/Bloomberg via Getty Images
JP Morgan calls employees to be surveyed once every year, and this year, 90 % of its workforceOr 284,000 employees responded. The participation rate was like previous years.
Other banks have asked employees to return to the full -time office even before employees. Goldman sex Told us employees In August 2023, he had to work for five days from the office every week.
Related: The City Group is sticking to a hybrid work schedule. According to its CEO, why does it give the bank a competitive advantage.
However, a bank has held a hybrid work policy. City Group has decided to stay with the hybrid schedule for most of its part 229,000 people The staff allows remote work for up to two days every week. A according to A January ReportCity Group CEO Jane Fraser told directors on a quarterly call that the City Group’s hybrid work policy has benefited from recruiting talented staff.
JP Morgan expects AI to eventually allow it to reduce the counting of employees in some departments, including operations and account services. Bank, which is The biggest In the United States 9 3.9 trillion In assets, is Extended its headquarters About 255,000 to 2024 in 2020.
A leaked internal memo suggests that JP Morgan employees are not satisfied with the company’s culture compared to last year-and the return mandate is to be blamed.
In the annual survey of JP Morgan’s company Culture, which asks employees to assign things like internal movements, work life balance, and health and well -being, fewer employees of JP Morgan considered their health and well -being to the company compared to last year.
Related: JP Morgan will fired Junior Bankers on a joint practice, which CEO Jamie Demon has called ‘immoral’.
The rest of this article is locked.
Join the business+ To reach today.