UBS continues to Deutsche Bank by banning staff from working remotely on both Friday and Monday
Swiss banking giant UBS is requiring full return to the office following remote working hawks like JPMorgan and Goldman Sachs. But it removes the leaves from another rival approach.
It was first reported in an internal memo distributed Thursday FinewsUBS told staff they need to work from the office at least three days a week. The bank also told 115,000 employees it would not be able to work from home on Friday.
“Our work approach is office-centric flexibility, asking employees to stay at the office at least three days a week. Spending ample time in the office with colleagues will drive innovation, collaboration and team productivity,” a UBS spokesperson said. luck.
This approach is similar to that of Deutsche Bank last year. New lines in the sand By banning remote Fridays and Mondays.
Many workers operating under the hybrid model have chosen to come to the office between Tuesday and Thursday, working remotely on Monday and Friday. Friday, especially, is a far-off day of choice, and has proven popular with both bosses and employees.
Hawkish’s voices of remote and in-office debate claim that the trend has created habits that will reduce productivity over the weekend as employees slow down on Saturday or slowly rise until Tuesday. Jim Ratcliffe, co-owner of Manchester United He ordered his staff to be returned to the office. Last May, full-time, most employees noticed a plunge in email activity on a distant Friday.
One issue like UBS is addressing it more publicly. It’s space. Many companies have freed up office space during Covid-19 to reduce costs when remote work appeared to be a permanent solution.
The same goes for UBS. In London, the company has merged Broadgate HQ staff. There, after choosing not to renew the lease on 1 Golden Lane, I subletted space between the heights of my remote work. Meanwhile, the company merged newly acquired Credit Suisse employees into the office, putting more crunches on the space. A choice between Monday and Friday should regulate attendance throughout the week.
Businesses are also unhappy with thousands of square meters of office space on more unpopular Mondays and Fridays.
UBS’s move to balance the offices that are working for a week is understood to be a move to better manage office space. Deutsche Bank made the same reasoning last year, with CEO Christian Sewing saying the motivation was to “spread our presence more evenly over the week.”
The latest policy introduced by UBS is far more liberal than its group competitors in the banking sector, particularly JPMorgan. The group mandated the full RTO delegation, which began in March. But the staff already have it I complained About inadequate space, poor Wi-Fi, and uncomfortable coworkers.
This story was originally introduced Fortune.com