Reuters: Banks And Home Working

Reuters spoke to Jessica Marlborough, Principal, on the future of work at banks. Reuters highlighted that as the finance industry prepares for life post-pandemic, commercial banks are moving quickly to harness working from home to cut costs, while investment banks are keen to get traders and advisers back to the office.

Jessica explained that some banks have acted quickly because they are used to flexing workforces in line with economic cycles, particularly in investment banks. But some are waiting on analysis of staff productivity changes before making final decisions, while others were mindful junior staff may still prefer going into offices.

Jessica went on to say that banks are also concerned women may lose out from the shift to remote working. She argued: "We thought the pandemic would be a big leveller for women. But actually what we’re starting to see is it’s extremely challenging to get women to move jobs in a pandemic."

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