Unlock the digestive of free editor
Roula Khalaf, the FT editor, chooses her favorite stories in this weekly newsletter.
Barclays has strengthened her work demands from home, making it the latest company to rethink its hybrid work policy since the end of the Covid-19 pandemic.
The UK -based bank announced stricter hybrid job requirements and asked most of its 85,000 employees to enter the office for an extra day a week, according to a memorandum sent to staff on Tuesday.
As part of the change, the bank has raised its minimum demand in office participation in three days, two days a week, according to people familiar with the memorandum. Some employees are expected to work more than the minimum in the office.
Most bank customer employees, including investment bankers, had already come for five a day a week, said one of the people.
A spokesman for Barclays said: “At Barclays, we know the benefits of balancing flexibility for colleagues with the importance of working together to cooperate in our physical places. Our minimum time in office requirements varies between business areas depending on nature of business and business needs. ”
Mass from Barclays comes after JPMORGAN told the staff earlier this year that it would be required to return to the office five days a week starting in March.
European banks in general have been quieter for hybrid work than their peers in the US, but they have revised their policies in recent months. Wall Street leaders have been one of the most critics of staff working outside the office, with Goldman Sachs David Solomon once calling out from home “A Deviation” and Jamie Dimon of JPMORgan describing himself as a “skeptic”.
Lloyds Banking Group said earlier this year that he would consider participating in the office of old leaders when giving their rewards as he sought to encourage them to set an example to the new staff.
The British Advertising Group also told its workforce more than 100,000 people this month that they will have to return to an office at least four days a week. Other UK companies that are strengthening rules around home work include PWC, Santander and Asda.
