Swiss banking giant UBS declined after a distant work Hawks like JPMorgan and Goldman Sachs, which has returned to work in full. However, it took away a leaf from another competitor’s approach.
In an internal memo distributed on Thursday, the first report thinUBS told staff that they were working in the office at least three days a week. Additionally, the bank told its 115,000 employees that they will no longer be able to work from home on Friday and then for a Monday in a row.
“Our approach to work is office-centric flexibility, and we require employees to be in the office at least three days a week. Spend enough time in the office with colleagues to promote innovation, collaboration and team productivity.” wealth.
The approach is similar to Deutsche Bank’s approach last year, which attracted A when recalling office staff New lines on the beach By banning remote Fridays and Mondays.
Many workers operating in hybrid models choose to enter the office between Tuesday and Thursday to work remotely. Friday, especially, proved to be a remote day among both bosses and employees.
Hawkish voices in remote and office debates believe that this trend develops lower productivity around the weekend as employees slow down to Saturday, or rise more slowly to Tuesday. Manchester United co-owner Jim Ratcliffe Order his staff to return to the office Last May, when he realized that most employees were out of reach Friday, he realized that the email activity plummeted.
Problems like UBS are more openly happy to solve the space. Many companies have made room for office during Covid-19 to cut costs when remote work looks like a permanent solution.
UBS is no different. In London, the company has merged its employees on its Broadgate HQ, and at a distant peak of work it also chose not to renew its 1 Golden Lane lease. During this period, the company also further exacerbated space by integrating Credit Suisse’s employees into its offices. Actions that choose between Monday and Friday should adjust attendance throughout the week.
On unpopular Mondays and Fridays, thousands of square meters of office space also frustrated the company.
It is understood that UBS’s move to work in offices throughout the week is to better manage its office space. Last year, Deutsche Bank made the same reasoning, with CEO Christian sewing saying the motivation was to “spread our presence more evenly throughout the week.”
UBS’s latest policy is still more liberal than the group’s banking rival, most notably JPMorgan Chase. The team stipulates a complete RTO mission starting in March. However, the employees already have them complain Regarding insufficient space, poor Wi-Fi and uncomfortable colleagues.
This story was originally fortune.com
