Bank of America followed through Tuesday on its September pledge to issue a revamped office-return policy.
Senior leaders will continue to be based in the office, according to a memo seen by Reuters and Bloomberg.
Positions that require in-office work, including financial center employees, will be fully based in offices, but existing tools and programs will allow some flexibility, the bank said.
Roles that "generally need to function inside" offices may work from home for a limited number of days each month, according to the memo.
Employees with job profiles that support a split schedule will work in the office at least three days a week, the bank said.
Business heads, in the coming days, will communicate specifics, including days in or out of the office, the bank said.
A survey on workplace preferences issued companywide in April received more than 130,000 responses, Bloomberg reported.
“We have 210,000 people, and there’s literally 210,000 different views of what people want,” Bank of America CEO Brian Moynihan told a banking conference last month.
In announcing a concrete policy was forthcoming, Moynihan said the bank would have “more flexibility than we did, on paper.”
“We’ll have more formality to the flexibility,” he said, adding that the policy would aim to strike a balance that is specific to each of the bank’s units but consistent and fair across the business.
In Tuesday’s memo, the bank said it “will continue to use a multi-faceted approach for flexibility that responds to the multi-faceted nature of our businesses and work.”
