Jamie Dimon, Chair and CEO of JPMorgan ChaseJ. Lawler Duggan\/For The Washington Post via Getty Images<\/p>\n
JPMorgan has asked hybrid employees to come into the office at least 3 days a week.<\/p>\n
The bank is tracking ID swipes to monitor staffers' office attendance.<\/p>\n
One executive described there being a \"fear of God\" and \"panic\" over the attendance quotas.<\/p>\n
JPMorgan has started tracking staffers' office attendance, and employees say it's creating an atmosphere of mistrust and panic.<\/p>\n
Insider reported Wednesday that the banking giant has taken to monitoring employee ID swipes in order to enforce its return-to-office policies, citing four people with direct knowledge of the program. This data helps generate reports that are then used to enforce in-office quotas.<\/p>\n
JPMorgan has asked hybrid employees to work from the office at least three days a week, according to a copy of an internal email viewed by Insider.<\/p>\n
In a recent letter to shareholders, JPMorgan CEO Jamie Dimon said 50% of the bank's global employees must return to the office five days a week, 40% can follow a hybrid schedule with some days at home and some in the office, and the remaining 10% can work remotely full-time. The bank employs more than 270,000 people.<\/p>\n
The tracking and enforcement actions have stoked frustrations about micromanagement.<\/p>\n
\"At JPMorgan, nobody trusts you,\" a London-based technology staffer told Insider. \"The higher-ups don't trust you to do your job if they're not constantly watching you in the office.\"<\/p>\n
A senior asset-management executive also based in London told Insider the return-to-office measures aren't a hit with managers either, saying some appeared \"deathly afraid\" of their teams falling short of 100% compliance.<\/p>\n
\"I don't know whether it's because they themselves are too timid or whether it's because the fear of God has been put into them by a bank manager,\" the executive said. \"But every time there's something that requires participation, you sense the panic.\"<\/p>\n
Story continues<\/p>\n
Both London-based employees told Insider they're now looking for work elsewhere as a result.<\/p>\n
Read the full Insider story here.<\/p>\n
Read the original article on Business Insider<\/p>\n
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View original post here: <\/p>\n
JPMorgan employees describe the 'fear of God' and 'panic' as the company tracks their office attendance - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Jamie Dimon, Chair and CEO of JPMorgan ChaseJ. Lawler Duggan\/For The Washington Post via Getty Images JPMorgan has asked hybrid employees to come into the office at least 3 days a week. The bank is tracking ID swipes to monitor staffers' office attendance Continue reading