SAWT BEIRUT INTERNATIONAL

| 1 July 2024, Monday |

UBS bank allows 60 percent of employees to adopt hybrid work model permanently

UBS, Switzerland’s largest bank, aims to permanently allow up to 60 percent of employees to adopt a hybrid model of working from home and the office, according to the Financial Times.

“We’re committed to offering you the flexibility for hybrid working where role, tasks and location allow,” the newspaper reported, citing an internal bank message sent to staff last week.

By doing so, UBS is looking to gain an edge over its Wall Street counterparts in recruitment, the FT said citing a person familiar with the plans.

This approach contrasts with many of the US’s biggest banks that are ramping up pressure on employees to return to the office as the pace of inoculations picks up in the world’s biggest economy.

Goldman Sachs requires almost all US employees to report to their desks, JPMorgan Chase wants US staff back in the office from July 6, while Morgan Stanley chief executive James Gorman told employees: “If you can go to a restaurant in New York City, you can come into the office and we want you in the office.”

Citigroup is one of the few large US banks to introduce a hybrid working model.

 

    Source:
  • The National News