HSBC has introduced stricter hybrid working policies, warning thousands of UK employees that their pay may be reduced if they do not meet a 60% office attendance requirement, equivalent to three days a week. Starting in September, line managers will receive monthly reports on employees’ attendance. This move aligns with global trends as companies like JP Morgan Chase and Amazon tighten remote work policies, driven by concerns over productivity and collaboration, particularly for junior staff. While not mandating full-time office work, HSBC's policy indicates a significant shift away from flexible arrangements.
HSBC has notified thousands of UK employees that their pay may be reduced if they do not meet new office attendance targets, emphasizing stricter hybrid work policies.
Beginning in September, HSBC will monitor attendance with monthly reports to managers, highlighting those who fail to work in the office at least three days a week.
As hybrid work remains prevalent, senior executives express concerns about its impact on collaboration and employee development, especially for younger staff.
HSBC's approach indicates a shift in workplace flexibility, as linking in-office attendance to performance assessments signals the diminishing era of unchecked remote work.
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