UBS to let two-thirds of employees combine working from home with the office – CNBC

https://www.cnbc.com/2021/06/28/ubs-lets-two-thirds-of-staff-combine-working-from-home-with-the-office.html


0

FABRICE COFFRINI | AFP | Getty Images

UBS is planning to let up to two-thirds of its employees permanently combine working remotely with being in the office, in stark contrast to some Wall Street banks. 

A spokesperson for the Swiss investment bank said it was “committed to offering our employees the flexibility for hybrid working (a mix of working from the office and from home) where role, tasks and location allow.” 

“Hybrid work options will be introduced on a country-by-country basis, with timing dependent on the local pandemic situation,” they said. 

UBS hopes the flexibility will boost its attractiveness as an employer in the banking sector. It has not yet set a date for employees’ return to the office. 

Only UBS workers in roles which require them to be in the office, such as those in supervisory positions, or in trading and branch roles, will have less flexibility, the bank said. 

However, an internal analysis of the 72,000 UBS employees globally showed that around two-thirds are in roles that would allow them to combine working remotely and in the office.  

The Swiss bank’s approach stands in contrast to some of the major Wall Street banks. Goldman Sachs, for example, asked its employees in the U.S. and U.K. to come back into the office this month. Goldman Sachs CEO David Solomon has previously called working from home an “aberration.” 

JPMorgan Chase also told its U.S. workers that it was aiming to get half of employees rotating through the office by July. JPMorgan CEO Jamie Dimon has said he believes that by “sometime in September, October it will look just like it did before.” 

Morgan Stanley CEO James Gorman has also been outspoken on the matter. “If you can go into a restaurant in New York City, you can come into the office and we want you in the office,” Gorman reportedly said.


Like it? Share with your friends!

0

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format