“Our leaders play a critical role in reinforcing our culture and running our businesses,” the committee wrote. “They have to be visible on the floor, they must meet with clients, they need to teach and advise, and they should always be accessible for immediate feedback and impromptu meetings. We need them to lead by example.”
The memo effectively ends a hybrid-work option for employees at that level.
The committee also reminded hybrid-working staff they must be in the office at least three days a week, unless their exception is approved by senior management.
“Most of you are following your hybrid models, but there are a number of employees who aren’t meeting their in-office attendance expectations, and that must change,” the committee wrote. “Your manager is responsible for ensuring that attendance requirements are being met and, in cases where they aren’t, taking the appropriate performance management steps, which could include corrective action.”
Managers may include attendance as part of performance reviews, the committee said.
The bank also said it plans to roll out more automated attendance tracking to manage work schedules, real estate and security.