Citigroup's Jane Fraser Pioneers Hybrid Work and Vaccine Mandates
Citigroup, led by CEO Jane Fraser, has implemented significant changes to its work policies in response to the COVID-19 pandemic. The us bank, which Fraser helms as the first female CEO of a major Wall Street bank, has adopted a hybrid working model and strict vaccination requirements for its U.S. employees.
Citi made headlines in 2021 by becoming the first major U.S.-based Wall Street bank to commit to a long-term hybrid working model. This approach, as explained by Fraser, aims to balance remote flexibility with office days to foster collaboration and apprenticeship among employees.
The us bank's commitment to hybrid work has been praised by Fraser, who believes it helps make Citi an 'employer of choice'. However, Citi has also implemented a strict office return policy, threatening to fire unvaccinated office workers who failed to comply with the deadline. This policy was part of Citi's broader requirement for all U.S. workers to be fully vaccinated against COVID-19 as a condition of employment in 2021.
Fraser has also hinted at further measures to ensure productivity. In a Bloomberg interview, she suggested that unproductive workers may be required to return to the office 365 for coaching.
Citi's approach to hybrid work and vaccination requirements reflects the us bank's efforts to balance employee well-being and productivity in the post-pandemic era. With Fraser at the helm, Citi continues to navigate these changes, aiming to maintain its status as an attractive employer while ensuring high standards of performance.
