Bank Of America Will Introduce More “Formality” To Its Flexible Work Policies
"We have 210,000 people and there’s literally 210,000 different views of what people want,” said Brian Moynihan, CEO of Bank of America.
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"We have 210,000 people and there’s literally 210,000 different views of what people want,” said Brian Moynihan, CEO of Bank of America.
“Offices need to be central places to collaborate and connect with co-workers, which is what employees are looking for most right now.”
Through the company’s offerings, businesses can hire top talent internationally and offer employees and contractors access to all work-related benefits and expertise.
Despite demand for flexible work schedules emerging as a highly sought-after workplace perk, banking companies are more interested in getting back to business as usual.
According to billionaire Carlos Slim, the increased reliance on technology in the workplace means that people themselves can work less.
In recent years, dissatisfaction at work has become less of an intrusive thought, companies have participated in mass layoffs (and hiring sprees) and labor unions are seeing a resurgence.
According to the August report, 315,000 jobs were added, a dip from the 526,000 seen in July. Additionally, the unemployment rate saw a slight uptick to 3.7%.
Jefferies Financial Group is encouraging employees to come back to the office instead of working in “lonely home silos” according to CEO Richard Handler.
A wage price spiral refers to rising inflation leading to growing wages so professionals can keep up with the increased cost of living.
Goldman Sachs has now informed staff that it will be dropping most of its Covid-related protocols as it ushers in a full return to the office.
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