[ad_1]
Bank of America has strict return-to-office policies for employees and threatens “disciplinary action” for those who don’t comply, according to documents obtained by the newspaper. financial times.
The company reportedly sent an “education letter” to employees who had not come to the office warning them that they could face problems in the coming weeks if their behavior did not change.
According to the newspaper, one of the letters states: “Failure to comply with expectations of workplace excellence that apply to your role within two weeks of the date of this notification may result in further disciplinary action.” ” he said. financial times.
RELATED: Goodbye Summer Friday: Amid Chaos, Goldman Sachs Employees Mandated to Return to Office Five Days a Week
according to insider, The bank began sending out the letters late last year, meaning most employees receiving the letters received some sort of warning before receiving the official letter.
Bank of America requires most employees to be in the office at least three days a week, a policy that went into effect in October 2022. Employees in customer-facing roles are encouraged to return to the office five days a week.
The letter, which was allegedly posted by a Bank of America employee, said: “Despite requests and reminders, you have not been disciplined for failing to adhere to the minimum workplace expectations set forth in the Good Workplace Guidelines.” He has been sanctioned,” it read. “You are expected to comply with all expectations of your role. If you fail to meet expectations of your role in the future, further action may be taken.”
Bank of America currently has an estimated 160,000 employees.
The bank is not the first to crack down on internal rules for employees.
This summer, Goldman Sachs reportedly told employees they needed to come into the office five days a week. But when asked about the protocol, the bank insisted it was “simply reminding employees of existing policies.”
As of Friday afternoon, Bank of America stock had fallen more than 5.3% in a year.
Related article: Amazon CEO Andy Jassy cracks down on return-to-office policy
[ad_2]
Source link
