Revolut will allow employees to work from abroad

Revolut will allow employees to work from abroad for up to 60 days a year.

The FinTech challenger said the move marks the latest step in its agile working strategy.

The announcement comes on the same day that HSBC and JP Morgan announced that thousands of their employees would be able to work from home more regularly, in a sign of the industry’s move to more flexible working patterns following the pandemic.

Revolut said its own policy would allow employees to work cross border in a location different to their employment country, once travel restrictions are lifted, and in line with the guidelines from national health authorities.

The company said it had studied applicable corporate tax, immigration, income tax and social security regulations to create a policy that’s as beneficial and convenient as possible for employees.

Revolut’s internal surveys show that its employees have responded positively
to remote working - over 56 per cent would prefer to work from home between 4 and 2 times a week, while 36 per cent would like a 100 per cent remote policy. Only 2 per cent of all respondents would prefer to work from the office everyday.

95 per cent of Revolut employees responding to the survey considered that working from home didn’t impact personal productivity or the change was positive, same for team performance, with 97 per cent mentioning no change or positive change.

Jim MacDougall, vice president of people at Revolut, said: “Once countries start to lift travel restrictions or slowly move away from lockdowns, after over a year behind closed doors, we believe this new policy will be a huge success among Revoluters.

"As we’re eliminating frontiers within financial services, it made sense to align our internal policy with our product mission. Our employees asked forflexibility and that’s what we’re giving them as part of our ongoing focus on employee experience and choice," he added.

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