Citigroup Adopts ‘No Jab, No Job’ Policy
Citigroup is the first Wall Street bank to mandate COVID-19 vaccines in the workplace. According to a company memo seen by Reuters, employees in the USA will be placed...
Read Full ArticleBankers at Goldman Sachs' US offices will be required to disclose whether they have had a COVID-19 vaccination, according to reports.
The staff memo seen by the Financial Times reads:
“Registering your vaccination status allows us to plan for a safer return to the office for all of our people as we continue to abide by local public health measures. While we strongly encourage you to receive a COVID-19 vaccine, we understand that the choice to get vaccinated is a personal one."
This measure is part of Goldman Sachs' plan to return staff to their offices imminently.
Although the investment bank encourages the uptake of the vaccine, it does not go as far as other firms operating a "no jab, no job" policy.
At other Wall Street rival firms such as Morgan Stanley and JPMorgan, vaccination disclosure appears to remain voluntary.
JPMorgan's CEO stated in April his intentions to return staff to the office as soon as possible, openly declaring his disdain for Zoom meetings and the potential loss of the "character and culture" of a business.
Morgan Stanley has similar plans, and retains its 1.33 million-square-foot 1585 Broadway building, taking up 8,000 square feet of office space.
Jack Kelly, Founder of WeCruitr told Forbes that such measures are a reasonable response to not only avoid legal liabilities but to help employee confidence:
"After more than a year at home, people are nervous about commuting back into a city that was once the hotspot and epicentre of the pandemic in the U.S. With a fully vaccinated workforce, it would reduce some of the stress for the returnees. Once the offices fill up, having a large percentage of the office staff vaccinated would go a long way toward alleviating tensions."
Picture: a photograph of several vials of COVID vaccines
Article written by Ella Tansley | Published 14 June 2021
Citigroup is the first Wall Street bank to mandate COVID-19 vaccines in the workplace. According to a company memo seen by Reuters, employees in the USA will be placed...
Read Full ArticleIsrael has the highest vaccination rate in the world, leading some to argue that the country could be a blueprint for post-pandemic working life. By February 2021,...
Read Full ArticleAround half of UK office workers feel confident about returning to work without a fully vaccinated workplace. Research shows that 80 per cent of UK office...
Read Full ArticleGoldman Sachs Group has announced that it intends to expand its footprint in the UK by opening a new office in Birmingham. The investment banking firm hopes to open...
Read Full ArticleCEO Noel Quinn has announced in a full-year result presentation that the bank will free up its office footprint by forty per cent. Quinn however confirmed that HSBC...
Read Full ArticleThe UK chairman of PricewaterhouseCoopers has confirmed that the accounting firm is not planning to downsize any of its office space, despite the “new normal”...
Read Full ArticleAfter the CEO of Barclays said the firm would look at a more “de-centralised approach to staff working”, the finance sector and beyond looks likely to...
Read Full ArticleA survey from Deloitte shows that many professionals working in large US financial services institutions would look for another role if their company required them to...
Read Full ArticleReports from The Sunday Times suggest that HSBC is looking to leave its global headquarters at 8 Canada Square in Canary Wharf. According to the British newspaper,...
Read Full ArticleLeaked memos suggest that the banking giant is considering whether to keep its global HQ at HSBC Tower when the lease expires in 2027. HSBC has occupied the 45-storey...
Read Full Article