JPMorgan Chase, America’s largest, urged its American employees to get vaccinated before a scheduled return to the office next month, leaving the door open to make a mandatory jab.
The comments, in a note to employees Wednesday, are the latest attempt by Wall Street to accomplish the complex task of safely returning employees to the office after more than a year of remote work during the pandemic.
Banks such as JPMorgan and Goldman Sachs are among the most vocal proponents of a return to the office, but they are facing resistance from some employees who are hesitant about a Covid-19 vaccine or are reluctant to disclose their vaccination status.
“We strongly urge all of our employees to get vaccinated because we believe it protects you, your friends, family, fellow employees, and the community at large,” the JPMorgan Operating Committee, which is led by President and CEO Jamie Dimon, said in the memo, a copy of which was seen by the Financial Times and published by CN BBC for the first time.
“In the future, we may mandate that all employees receive a Covid-19 vaccine in compliance with legal requirements and medical or religious facilities,” the memo reads.
JPMorgan told employees that all American employees will move to a regular schedule in the office starting July 6. The company employs 250 thousand people worldwide.
“In many cases, this may be five days each week, and for others, it will mean that at least 50 percent of your work days will be in the office, due to occupancy limits,” the department said in the memo.
“We understand that some teams are testing a blended approach that varies by job, such as three days in the office or a 50 percent rotation, but we want each of you to come back regularly so we can test the effectiveness of these models as quickly as possible.”
The bank said it is now requiring employees to disclose whether or not they have been vaccinated, while allowing employees to refuse to share information.
Vaccinated employees no longer need to wear masks or social distancing in the office, in line with a similar move by Goldman Sachs earlier this month. Goldman, however, made it mandatory for employees Detecting their vaccination status.
JPMorgan has encouraged bankers who choose not to share their vaccination status to get tested weekly for the coronavirus.
Comments from JPMorgan come next Morgan Stanley adopted a policy Employees and customers who have not received the Covid vaccine will be barred from entering the bank’s offices in New York.