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October 1, 2021

BlackRock to get 50% of staff back to office starting next month

By Verdict Staff

BlackRock is reportedly set to begin the return-to-office pilot programme over the next few months, requiring more than half of its employees to work from the office beginning next month.

The American money management giant expects its employees to work from the office at least three days a week from next month, according to an internal memo seen by Reuters.

Some businesses would need employees to work from the office more often depending on their role, BlackRock COO Rob Goldstein and global head of human resources Manish Mehta informed employees.

The firm would also let employees choose flexible work hours with the permission of their managers.

Mehta wrote in the memo: “The past 18 months upended and tested many traditional assumptions about how we work and live, and importantly clarified the value of being together and connecting as professionals and enjoying flexibility.”

BlackRock is rolling out the ‘Future of Work’ pilot programme across its offices in the US, Europe, Middle East, and Africa.

The firm plans to implement the directives in select locations that fall under certain conditions, such as not needing split operation and masks at desks.

It also said that all employees and contractual staff coming back to the US offices would require to be fully vaccinated. Additionally, they would also be needing to get tested once a week.

BlackRock previously asked its employees to return to the office in October. However, the plan was later postponed after a spike in Covid-19 cases.

Last month, Credit Suisse revised return to offices dates in the US for unvaccinated staff after cases started to increase in the country.

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