PwC allows UK staff to choose start times and log out in early summer

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PwC has told its UK-based staff that they can spend around half of their working hours at home after the COVID-19 pandemic ends, and leave early on Fridays during the summer. The accounting giant said it expects its 22,000 UK employees to spend an average of 40 to 60% of their time working with colleagues, either in their offices or at client sites, once the calls are lifted. pandemic restrictions, with the freedom to work remotely. the rest of the week.

Under the “hybrid” work model, called the “Agreement”, employees will also be able to customize their work hours, for example, starting or ending the day before. During July and August, staff may finish at lunch on Fridays. PwC President Kevin Ellis said he hoped the ad would make flexible working “much more the norm than the exception.” “We want our people to feel trustworthy and empowered,” Ellis said in a statement on the company’s website. “The future of work is changing at such a rate that we have to continually evolve the way we do things to meet the needs of our people and our customers,” he added. Opinion: Teleworking Expert on Businesses Wanting to Get Back to Normal: “ The Way It Was Can Never Be Again ” The shift to work from home during the COVID-19 pandemic has led to some of the institutions largest financial institutions in the United Kingdom to make changes to their work. Models. Fund manager Schroders SDR, which is listed on the FTSE 100, + 1.09% became one of the first to move to a permanent flexible work approach, saying in August 2020 that employees could work from home or modify their hours of work, provided its team’s requirements.Most recently, HSBC HSBC, -1.02% announced plans in February to reduce its global real estate footprint by 40% in the long term, as Europe’s largest bank remodels its workforce and expects a higher proportion of employees to work remotely. Rival bank Standard Chartered STAN, -0.84% ​​signed a global agreement that will allow staff to work outside of headquarters. A recent Microsoft MSFT survey, + 1.69%, surveying 30,000 people from 31 countries, found that 73% of workers want flexible remote work options to continue, once the threat of the COVID-19 pandemic passes. . “The data is clear: extreme flexibility and hybrid work will define the workplace after a pandemic,” noted Microsoft’s first annual index of employment trends. The move to “hybrid work” has spread to other sectors beyond financial services. In March, oil giant BP BP, -2.13%, told its office staff that they are expected to spend two days a week working from home after lockdown restrictions are eased. The same month, British Airways, which is owned by International Consolidated Airlines IAG, + 4.87%, said it was considering selling its headquarters because the switch to work from home meant it would no longer need as much office space. Read: Goldman Sachs CEO: Working from home is an ‘aberration’ However, Goldman Sachs GS, -1.51% CEO David Solomon last month called working from home “an aberration” as he cited collaboration as a key reason to bring the bankers back to office. “While some major corporations like Goldman Sachs continue to denounce the idea of ​​long-term flexible working, the dialogues and action have changed for the better,” said Chris Biggs, partner at accounting and consulting firm Theta Global Advisors. “These new labor standards open up a variety of opportunities for employers to improve the health and productivity of their workforce and employ higher-quality talent in the future with fewer geographic restrictions,” he added.