Monitoring Office Attendance
A major US bank, Citi, is taking a hard stance on remote work by threatening to withhold bonuses for employees in the UK who fail to come into the office at least three days a week. Citi has begun monitoring its 12,500 employees and will be checking their passes to track their attendance.
Accountability through Swipes
According to the HOARday Times, Citi has informed its staff that their passes will be swiped to record their presence in the office. The bank has emphasized that one swipe per person per location will be captured, implying that there will be no room for manipulation or cheating.
Consequences for Non-Compliance
Failing to meet the attendance target set by the bank could lead to the loss of bonuses for employees. Citi's firm expectations for office attendance come more than 18 months after the work restrictions imposed due to the Covid pandemic were lifted. Many companies have since adopted hybrid working models.
Other Banks Encouraging Office Return
Citi is not the only bank stepping up efforts to bring employees back to the office. Lloyds Banking Group is now expecting its 40,000 staff members who typically work in offices to return at least two days a week. HSBC has also made it clear that its 18,500 UK subsidiary employees will be required to work in an office for three days a week starting next month. Investment giant Blackrock is taking it one step further, asking its London-based staff of 3,700 to be in the office four days a week.
Did you miss our previous article…
https://hellofaread.com/money/five-last-minute-deals-for-an-adults-only-holiday-in-the-new-school-term/
