Workforce management

Another round of hazard pay unlikely as pandemic’s second wave worsens


Some credit unions that gave bonuses to front-line staff at the onset of the coronavirus outbreak may be too cash-strapped to offer similar payouts during this latest surge.


Deutsche Bank may eventually allow NYC staff to move elsewhere


Deutsche Bank is considering moving some of its 4,600 Manhattan staff to other hub cities across the U.S., but there are no concrete plans as yet.


CUNA marketing chief joins Nusenda executive team


Amy Nigrelli will serve as CMO of the Albuquerque-based credit union, one of two recent personnel moves there.


Citi CEO says long-term productivity may suffer with remote work


Citigroup’s Michael Corbat said he’s worried about potential long-term negative effects after many of his employees spent the vast majority of 2020 working from home.


Banks delay office reopenings until well into 2021


With COVID-19 cases soaring, a growing number of banks, including JPMorgan Chase, U.S. Bancorp and Capital One, have pushed back target dates for bringing employees back to offices. Some are even allowing them to work from home indefinitely.


COVID taking a toll on credit union employees' mental health


Some workers have thrived while working remotely but others miss the social interaction of an office, and the recent surge in coronavirus diagnoses means employers will be facing these challenges well into next year.


Financial Center First splits president and CEO roles


Cameron Minges will become president of the Indianapolis-based credit union effective Jan. 1.


Political speech at the office ‘may get worse’ post-election


A contentious presidential contest and social justice protests have forced employers to consider whether these types of topics should be discussed in the workplace.


United Nations FCU lines up new leadership


John Lewis, who is currently general counsel for the New York-based credit union, will take over for CEO William Predmore, who is retiring at the end of the year.


Coronavirus surge in Upper Midwest has bankers on edge


The region now leads the nation in virus cases, and with winter lurking the fear is that the outbreak will only get worse.