(Bloomberg) — A troubling pattern emerged as most of JPMorgan Chase & Co.’s employees worked from home to stem the spread of Covid-19: productivity slipped.
Work output was particularly affected on Mondays and Fridays, according to findings discussed by Chief Executive Officer Jamie Dimon in a private meeting with Keefe, Bruyette & Woods analysts. That, along with worries that remote work is no substitute for organic interaction, is part of why the biggest U.S. bank is urging more
Millions of people have been forced to work from home since March of this year, due to the Covid-19 pandemic. This move has not been painful for mobile workers as they have learned to use laptops on the road and at home to work for decades.
But for many who only worked from the office, this transition to working from home has been a two-edged sword. It is excellent that they no longer have to commute to an office and can work in the comfort of their own home. But it has also proved to be a challenge when only using either a laptop or desktop for their work, especially when they need to be doing many tasks simultaneously.
Many workers with school-aged children also have to manage their work-at-home time and