Business

BNY Mellon urges employees to return to the office but adds flexibility

With New York coronavirus cases falling, some Wall Street firms are recycling their favorite HR message: back to the office, this time for real.

BNY Mellon, a global bank with nearly 50,000 employees, including 5,400 in New York, told all of its employees in a memo Thursday that their return to office dates will is March 7. But the company has outpaced many of its industry peers when it comes to taking a more flexible approach to reopening the workplace.

Managers at the bank will be allowed to determine the days employees must be in the office. Employees will also have the option to work anywhere in the world for two weeks each year.

Thomas P. Gibbons, the company’s chief executive officer, writes in the memo: “It gives our teams the freedom and responsibility to define a mix of remote and in-office experiences. will allow them to perform at their best.

BNY Mellon told its employees last summer that they must be fully vaccinated against the coronavirus to enter its offices.

Financial firms are among the most eager white-collar employers to see workers back to their desks. Goldman Sachs and JPMorgan Chase Both are asking workers to return to the office on Tuesday, while Citigroup told employees in the New York metropolitan area to return starting Monday through at least two days a week. Jefferies, a New York-based investment bank, and Swiss lender UBS have both accepted the combined operation.

But many employers, including those in the financial sector, have acknowledged a new level of uncertainty in the industry. back to office plan amid the spread of the highly infectious Omicron variant of the coronavirus. A January survey from partnership for New York CityA business advocacy group, found that 22% of the 187 large Manhattan employers could not estimate when their offices would reach even half capacity.

And for some employers, like BNY Mellon, that uncertainty has given way to new forms of flexibility.

“We are helping support the future of the workforce with a flexible hybrid approach,” said Jolen Anderson, head of human resources at BNY Mellon. from BNY Mellon, said about the company’s new hybrid model. “That would set us aside against our peers.”

https://www.nytimes.com/2022/02/03/business/bny-mellon-office-return.html BNY Mellon urges employees to return to the office but adds flexibility

Fry Electronics Team

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