The UK’s largest listed fund manager Schroders has told all of its employees that it can now work from home forever as it adopts a new flexible working policy.
According to a report by The Times, the FTSE 100 fund manager will no longer require employees to be present in an office four days a week.
Instead it has told all 5,000 of its employees globally that there is no need to come into the office at all.
This is understandably on the proviso that they continue to work the hours required in their contract!
This is also not just a temporary move – it is believed it will remain in place even when the pandemic has passed.
A further report from The Guardian also notes that PwC is following suit with a similar policy – an indicator that a general shift away from commercial offices is to become permanent as offices only become used for a place of important meetings.
Emma Holden, a HR boss at Schroders is quoted by The Guardian as saying the move will prove be to a ‘huge short in the arm’ in terms of productivity in the long-run.