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Jamie Dimon is on the offense against remote work again, but still admits that the arrangement has its place.
During the World Economic Forum in Davos, Switzerland, the JPMorgan CEO said that remote work is “perfectly reasonable to help women” due to typically taking on more parental and childcare responsibilities.
He has a point. During the onset of the pandemic, women were found to take on 173 hours of unpaid childcare compared to men taking 59 hours, leading most to leave the workforce in order to tend to personal responsibilities.
However, in an interview with CNBC’s Squawkbox, Dimon remained adamant that remote work “doesn’t work for young kids, it doesn’t work for spontaneity [and] it doesn’t really work for management.”
Still, research has supported that the benefits of remote work extend beyond achieving a balance in work-life responsibilities — the model has been tied to increased productivity, lower turnover rates and improved company morale.
For JPMorgan, employees have been asked to return to the office full-time, with 40% coming into the workplace at least a few days a week.
