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Staff at J.P. Morgan can claim US$5,000 quarantine reimbursement after visiting immediate family overseas.
In an memo sent to staff last week, and seen by Human Resources Online, investment bank J.P. Morgan said it would introduce a quarantine reimbursement programme to support employees in Hong Kong who wish to travel overseas to visit immediate family.
"We recognise that the costly quarantine measures in place in Hong Kong associated with COVID-19 have impacted many of you with respect to visiting family and loved ones overseas," the communication read. "As a firm, we would like to help and with this in mind we have introduced a new quarantine reimbursement programme in an effort to support employees wishing to travel overseas to see immediate family."
The scheme entitles all Hong Kong-based employees who are executive directors and below to claim US$5,000 for a single quarantine stay for personal trips undertaken by employees visiting immediate family members. These include spouses/domestic partners, children (including adult children), parents, and grandparents.
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The programme, the memo said, applies for employees under quarantine during the period 1 December 2021 and 30 November 2022. Claims can be summitted from 3 January 2022, and will cover Hong Kong-based employees’ quarantine costs invoiced by the Designated Quarantine Hotel.
Any costs incurred outside of this time frame will not be reimbursed. Employees may only claim this benefit once during this period.
Last week, JPMorgan Chase Chief Executive Officer Jamie Dimon was exempt from the mandatory 21-day quarantine in the city when visiting the city for a business trip, even as the city had just cancelled quarantine exemption for most travellers to the SAR.
“The justification is related to the economy, as this is a very huge bank with key business in Hong Kong,” Chief Executive Carrie Lam Cheng Yuet-ngor said in a regular briefing when asked about it. “He needs to come to Hong Kong for work for about a day.”
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Lead image / JPMorgan Chase & Co
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