With many large organizations, calls for a return to offices will continue to be a theme as we head into 2025. Ordering your workforce to increase their time at the desk. Now Lloyds Banking Group is doing the same – with the possibility of bonus cuts for those who don’t comply.
Lloyds, Halifax and Bank of Sutland are all owned by the group, which recently announced its plans. Let users of any of these brands use others. to bank in their own branch, fueling fears that more branches may close in areas where they have doubled.
Lloyds’ senior bankers are expected to receive payments next month for their 2024 performance, with annual results due on February 20, but the group confirmed that reviewing office attendance is now performance-related. A portion of the goals will consist of: per gave The Guardian.
In 2023 Hybrid staff They were told they were in the office 40 percent of the time, which equates to two days a week for full-time employees.
“The inclusion of a metric to comply with the requirement to attend offices for 40% of the working time of some staff should not cause problems if it is applied fairly, and with mature and reasonable judgments of the circumstances of individuals. Be sensitive to it,” he said. Ged Nichols, General Secretary of Union Accord, which represents Lloyds staff.
A Lloyds spokesman added that the bank “offers[ed] An industry leader Flexible working method Which provides a number of benefits for our colleagues and ensures that we are well-positioned to execute our ambitious strategy to transform our business and continue to deliver for our customers.
Lloyds also has a new scheme that gives junior staff and the lowest-paid members of the workforce the chance to earn bigger performance-based bonuses, which Nicholls called a “welcome introduction”, until that it is “separately funded and not made. possible by reducing the value of standard awards for each.”
JP Morgan, which employs more than 300,000 people worldwide, received After some staff complaints He was asked to return to the office five days a week Starting in March.
Starling Bank, Britain’s only online bank backed by Goldman Sachs, asked staff to return to the office in November. Allegedly They have no place to live. Accelerating the wave of resignations.