Banking giant threatens to dock bonuses of staff who WFH more than 2 days a week
A LEADING bank is threatening to dock bonuses for staff who fail to come into the office at least three days a week.
US giant Citi has begun monitoring its 12,500 employees in Britain.
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It has notified staff that bosses will check their passes to see how often they come in.
They have been told “one swipe, per person, per location will be captured”.
Failure to meet the target could result in losing bonuses, The Sunday Times reported.
Citi, whose UK base is in London’s Canary Wharf, is the latest bank to step up efforts to get staff back at their desks.
A spokesman said: “We have firm expectations for office attendance.”
The bank’s move comes more than 18 months after the end of work restrictions due to Covid.
Hybrid working was later adopted by many firms.
From today, Lloyds Banking Group will expect 40,000 staff who would usually work in offices to return for at least two days a week.
HSBC has told 18,500 in its UK subsidiary they must work in offices for three days a week from next month.
Investment giant Blackrock is asking 3,700 London-based staff to come in four days a week.
