Citigroup has opted to continue its hybrid work schedule, allowing employees to work remotely for up to two days a week. CEO Jane Fraser believes this flexibility provides a competitive edge in attracting talent. Unlike other Wall Street banks such as JPMorgan, which mandates full-time office work, Fraser emphasizes the importance of a balanced work-life environment. In initiatives like Zoom-Free Fridays, she promotes less video conferencing and encourages staff to prioritize vacation and downtime, thus fostering a healthier workplace culture.
When our work regularly spills over into nights, very early mornings, and weekends, it can prevent us from recharging fully, and that isn't good for you, nor, ultimately, for Citi.
Fraser stated that Citigroup's hybrid work policy gives it a competitive advantage by allowing it to recruit talented staff.
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