Prognosis
BlackRock to Pay H.K., Singapore Staff $2,000 for Quarantine
- Firm offers to reimburse staff up to 50% of hotel quarantine
- Morgan Stanley, JPMorgan are also compensating H.K. staff
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BlackRock Inc is offering to reimburse some employees in Hong Kong and Singapore as much as $2,000 to help defray costs of hotel quarantine stays of as long as three weeks.
The reimbursement is available to permanent employees in the two hubs, who are vice presidents and below and have more than 12 months of continuous service, according to an internal memo that was seen by Bloomberg News and confirmed by a spokesperson. The program, which went into effect at the beginning of November, will compensate employees 50% of the cost of hotel quarantine.