Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
Barclays has tightened work requirements from home, making it the latest company to rethink the hybrid work policy since the end of the Covid-19s.
The UK -based bank has announced its headquarters for more strict hybrid work requirements and asked most of its 85,000 employees to attend the office for an additional day per week, according to a memorandum sent to the employees on Tuesday.
As part of the change, the bank raised the minimum requirements for the office to attend three days a week, up from two days a week, according to persons familiar with the memo. Some employees are expected to work more than the minimum in the office.
One of the people who face the bank, including investment bankers, said for a period of five days a week.
Spokesman Barclays He said: “In Barclays, we realize the benefits of flexibility balance for colleagues with the importance of working together to cooperate in our material sites. The minimum time in the office requirements varies between work areas depending on the nature of work and work needs.”
This step comes from Barclays after Jpmorgan told the employees earlier this year that they would be asked to return to the office five days a week starting in March.
European banks in general have been more relaxed about hybrid work than their peers in the United States, but in recent months they have been rethinking their policies. It was the CEO of Wall Street Among the most important From the employees who work outside the office, with David Sachs of Goldman Sachs, he was calling again to work from the home “deviation” and Jimmy Damon from JPMorgan describing himself as “skeptical”.
Lloyds Banking Group said earlier this year that it will take into account the presence of the Office of Senior Executive Managers when granting their rewards and sought to encourage them to put an example of novice employees.
The British ads group WPP also told the workforce that exceeds 100,000 people this month that it would need to return to work in an office At least four days a week. Other UK companies that tighten the rules about work from home include PWC, Santander and ASDA.
