JPMorgan Chase has started to scrutinise whether the hours junior investment bankers claim to work match up against activity electronically logged by the bank’s IT systems, as it seeks to guard against overwork.
The bank will now issue reports to junior bankers that compare computer-generated estimates of junior bankers’ work week against their self-reported time sheets as part of a pilot scheme, according to people familiar with the matter.
JPMorgan plans to roll out the programme more widely across its investment bank, the people added. The estimate is based on employees’ weekly digital footprint, including video calls, desktop keystrokes and scheduled meetings.
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