How State Street is bringing 8,000 workers back to the office - Business Insider

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Here's how State Street is working to bring 8,000 people back to the office and using wearable tracking devices to enforce social distancing

. The coronavirus pandemic, for its part, has been generally unwilling to play ball.

Based in Boston, State Street has an international network of employees spread around the globe, including the UK, India, China, and Japan. It's one of the world's largest custodian banks and asset managers, with $36.6 trillion assets under custody or administration and $3.1 trillion assets under management.

. By October 26, Johns Hopkins reported that there were 538,658 new diagnosed cases. Similar trends have been reflected in US-only data, too. The firm looks at specific localities' rates and hospitalization numbers, local governments' PPE policies pertaining to masks and gloves, travel restrictions, or school and day care closures, to judge a particular area's threat level.

"When you leave the office, leave the pebble on your desk," Maiuri has told employees. "I don't need to monitor you when you're outside of the office."A return to work doesn't necessarily mean a return to a normal work schedule, though. Some firms, like JPMorgan Chase, have begun bringing workers back to the office on a rotational basis.

"We had to be agile and respond to that, and go back and urge people: 'Listen, you've got to do this, or you're going to lose your invitation'" to remain in the office, he said.

 

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