25% of UK finance workers favour fully remote working post-pandemic

One in four UK employees surveyed at financial services firms (FSIs) would prefer to work entirely from home in the future, according to new research by Accenture.

The consultancy’s survey of over 1,400 UK financial services employees across banking, capital markets, and insurance found that 24 per cent of workers would prefer to work entirely from home once a full return to the office is possible.

Most respondents - 69 per cent - said that they would prefer to work just two days a week or less in the office.

Less than one in 10 - 8 per cent - would favour a return to 5 days a week in the office.

A flexible working schedule was the number one initiative workers wanted from their employers according to the research, with 69 per cent saying that this would help them adjust to working life post-pandemic.

However, most - 59 per cent - do not know if such initiatives will be offered in their workplace and only 35 per cent are aware of whether their employer will begin offering flexible working.

Overall, Accenture said the research shows a positive employer to employee relationship within the financial services industry.

Nine in ten - 87 per cent - feel that they have the support they need to balance work and other commitments, 25 per cent saying that support has increased since March 2020.

The research comes as many financial service institutions are disclosing their future remote working policies; Nationwide announced it is rolling out a ‘work anywhere’ approach in March, which will enable its 13,000 office-based employees to work from any location in the UK.

In April, Revolut announced it will allow employees to work from abroad for up to 60 days a year, in a move the FinTech challenger said marks the latest step in its agile working strategy.

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.