Politics
Most British financial bosses plan to increase office work this year BNN Bloomberg
(Bloomberg) — A majority of U.K. CFOs want their staff to visit the office more often in the coming year, with some planning to install cameras to track attendance, according to a KPMG UK survey released Thursday.
More than 75% of financial services executives plan to increase their office presence over the next 12 months, according to a September survey of 150 director-level executives and above by KPMG. Among them, almost four in ten want their employees to work in the office at least four days a week.
Executives see the business value of hybrid work models, particularly when it comes to attracting and retaining talent, but they still expect higher office attendance in the coming months to maintain collaboration with colleagues and clients, said Karim Haji, global and UK finance manager. services at KPMG.
According to the survey, almost a third of UK financial executives will install digital cameras to track attendance, while almost half plan to use card reading systems.
Financial companies were among the leaders in the campaign to return to power after the pandemic four years ago. As labor markets relax and employee confidence declines, companies across many industries are tightening enforcement even further. PwC UK recently mandated three days of in-office attendance, while Amazon.com Inc. ordered its employees to return five days a week.
Businesses may need to overcome some resistance from staff: a separate study by KPMG last year found that only 10% of financial services workers in the UK preferred to be in the office every day.
London has been slower to return to the office than other global cities. Londoners across all sectors spend just over half the week in the office, while workers in Paris, New York and Singapore go there more than three days a week, according to a study by the Center for Cities.
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