About 50 percent of J.P. Morgan trading floor employees--especially senior staff--will return to their offices Sept. 21, 2020.
The value of face-to-face interactions seems to be part of the rationale, as well as training of junior personnel.
J.P. Morgan argues that staff “would lose their camaraderie and junior workers and the incoming class of analysts wouldn't get the training they need if the bank continues to operate remotely.” That is not an unfounded belief. In additional to the value of unintended employee interactions, some note that onboarding new employees is much more difficult when everyone is working from home.
Goldman Sachs quickly followed the move and other financial firms are expected to follow as well.
None of those trends should be unexpected. The more people use technology as a replacement for face-to-face contact, the more they value and seek such contact.
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