JPMorgan CEO Jamie Dimon told in a conference that about 30 percent of their staff could remotely work on a rotating schedule.
The chief executive officer of JPMorgan Chase, Jamie Dimon, said that about 30 percent of the employees will work from home on a rotating schedule. It comes as the COVID-19 pandemic forced many companies to let their employees report to work from their homes.
In a FOX Business report, Dimon told in a financial conference last week that they will have employees who will permanently work from home. But those who will shall observe a rotating schedule, Dimon said.
JPMorgan CEO Jamie Dimon says 20 to 30% of staff will work from home on a rotating schedule due to coronavirus https://t.co/toRX341pUZ
— FOX Business (@FoxBusiness) October 8, 2020
“People who work from home will permanently rotate or have a schedule three days in, two days out,” the chief stated. He added that it will apply to all of their employees, but around 20 percent to 30 percent of their employees.
Working from Home Setup
Previously, the company had announced that it already allowed employees from its consumer department to have a remote work arrangement. Particularly, it sent a memo to its US staff in the unit to work from home until the end of the year.
Moreover, Fox Business reports that the company believes a remote work setup could help save on public transportation and real estate. They could even help the environment with this.
The Age of Remote Work Setup
The pandemic has compelled many companies to let their employees work from home to curb the transmission of the COVID-19. It allowed for a new way of interacting with co-workers, like in meetings that mostly migrated through video conferencing apps.
“The really shocking thing is, we were able to, a lot of companies, not just JPMorgan, send our people home and work with communication tools and traders kits and all these other technologies,” Dimon said.
But Dimon also pointed out the downsides of the remote work arrangement. Mainly, he worries about training younger people, especially in their apprenticeship period. “You lose a lot… Culture, character, learning. You can’t do a lot of that remotely,” the chief said per a FOX Business report.