BlackRock requires over half its workers return to office on Nov 1 – memo

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Sept 30 (Businesshala) – BlackRock Inc (BLK.N) will require more than half of its employees to work from the office an average of three days a week starting in November, according to an internal memo seen by Businesshala on Thursday.

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Some businesses may require employees to be in the office more often, said the memo from Chief Operating Officer Rob Goldstein and Manish Mehta, global head of human resources.

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According to the memo, the world’s largest asset manager will allow employees to work flexible hours with approval from their managers.

The new directives, which will apply to locations in the United States, Europe, the Middle East and Africa, are part of BlackRock’s “Future of Work” pilot program. It will be implemented in select locations that fulfill certain conditions, including split operations at desks and no masks required.

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The company also reiterated that all individuals entering its US offices would be required to be fully vaccinated, and that all employees and contract workers would need to be tested once a week.

Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi

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