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Two years later, financial services firms still searching for balance on remote work
Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.
Citi requires vaccines for all US workers
The bank, citing President Joe Biden's directive to federal contractors, is asking staffers to submit proof of vaccination by Dec. 8.
Merrill workers who return to office and confirm vaccination can get $200
The firm will give the $200 awards to client associates, administrative support and operations staff who have been vaccinated against Covid and show up in the office at least eight times between now and mid-November.
Vaccines encouraged at most advisory firms — but not required
The industry has differing views on vaccine requirements. BNY Mellon Pershing will start requiring them next month, while Vanguard Group Inc. is offering cash rewards.
Vanguard offers workers $1,000 to get vaccinated by October
The asset manager will make payments to all workers who can prove they've gotten a Covid-19 vaccine, even if they were inoculated before the company extended the offer.
As companies inch closer to returning to the office, flexibility is key
Financial services companies have generally adopted remote work policies, but as offices reopen, the next issue becomes who is and isn't vaccinated.
