Published On Sep 12, 2024, 3:53 PM
JPMorgan Chase has implemented a cap on the hours junior bankers work, limiting them to a maximum of 80 hours per week. This move follows increasing scrutiny over the demanding work culture in the banking industry, particularly after the death of a banker linked to excessive work hours. The policy includes a 'pencils down' period on Saturday mornings and guarantees one weekend off every three months.
Positive
JPMorgan's decision to limit work hours may improve employee morale and retention, potentially enhancing productivity and reducing turnover costs in the long term. These steps to promote a healthier work-life balance could strengthen JPMorgan's reputation and attract talent in a competitive job market.
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