Those who work for Morgan Stanley or are clients of the financial institution (FI) and haven’t been vaccinated against COVID-19 won’t be allowed to enter the company’s offices in New York as of July 12, according to an internal memo, the Financial Times (FT) reported.
The memo stated employees, clients and visitors will have to “attest” they’re vaccinated to enter any of the company’s buildings in New York City and Westchester, according to FT. It was signed by Chief Human Resources Officer Mandell Crawley.
The policy is intended to help offices get back to normal quicker, a spokesperson told FT.
This isn’t the first vaccine-friendly policy implemented by the company, which has also put in place vaccine-only workspaces in some areas like institutional securities and wealth management, FT reported.
In the second quarter of this year, PYMNTS reported on the optimism many businesses had after vaccines started circulating more heavily earlier in the year. That came with plans to expand business as 61 percent of survey respondents in the tech sector, along with 56 percent in the manufacturing area, said they were likely to invest.
The vaccination timelines can wildly vary depending on where one looks, though. In rural areas, 13 percent of business owners said they would be vaccinated within three months, which was a drastic departure from the 56 percent of business owners in metro areas.
The survey found 60 percent of total respondents had already been vaccinated, no matter where they were.
“These findings imply that the vaccination rate among rural Main Street SMB respondents is plateauing,” the report stated.
With the pandemic appearing to improve in the U.S., a PYMNTS survey in late May found that 88 percent of respondents had changed business models like boosting their online marketplace presences or broadening their social media usage.
Seventy percent of respondents had put in place new equipment to support contactless services.