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US Bank requires workers to come back to office 3 days a week

Kavita Kumar, Star Tribune on

Published in Business News

A year and a half ago, the CEO of U.S. Bancorp asked e mployees to start coming to the office more often, preferably three days a week.

Now the Minneapolis-based bank is making it mandatory.

In a recent message to employees obtained by the Star Tribune, company leaders noted that while branch employees are on site everyday, its guidance for hybrid employees has been "more loosely followed." That will change this year.

"Beginning this quarter, if you have an assigned office space in one of our U.S. Bank facilities, you should be in the office three or more days a week," they wrote in the memo, adding that the new goal will be included in their annual performance review.

As part of the shift, U.S. Bancorp also is designating 24 of its markets across the United States as "hubs" where the company will continue to invest in its offices and make some upgrades, while locations in non-hub markets may be downsized over time.

"Like other companies, we want to find a balance between providing flexibility for our employees and ensuring that we can both enhance collaboration and build the relationships that come easier when work is done in an office," Jeff Shelman, a U.S. Bancorp spokesman, said in a statement.

 

U.S. Bancorp is the sixth largest employer in downtown Minneapolis, with about 4,200 employees who work at its headquarters.

While many corporate leaders have been eager to bring employees back to the office, some employees have been more reluctant to return after enjoying the freedom of working remotely or from home for the last four years.

Adam Duininck, CEO of the Minneapolis Downtown Council, said 11 of the top 15 employers downtown now have workers coming to the office at least two or three days a week.

The fourth- and fifth-largest employers downtown — Wells Fargo and Ameriprise — require employees to be in the office three days a week. In the case of Wells Fargo, that policy has been in place now for two years.

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