Citigroup allows employees to work remotely for final two weeks of 2022
Jane Fraser, CEO of Citigroup, has bucked a trend among competitors to get employees back to their desks full-time by allowing most employees to work from anywhere for the final two weeks of the year.
This move applies to hybrid roles and employees who work remotely a couple of days a week. Employees must also remain in their country of employment to qualify for this perk, reported Fortune.
Most Citigroup employees are expected to be in the office three days a week, but Fraser has offered them the option to work remotely at least part of the time on a permanent basis. Last month, she said Wall Street’s insistence on full-time office attendance was dated and employees would “vote with their feet” on such policies.
“There is a lot of value that you get from being together and some more of the spontaneity from that and the collaboration, the apprenticeship,” she said then, before acknowledging, “Our junior bankers, they don’t have to be in the office late at night if they’re working on a deal. Once they’ve done the work collaborating together, they can do that at home. We know if they’re doing a good job or not.”
It is common for traders to work from the office five days a week, although they have the necessary technology to work from home, Fraser added. Moreover, call-centre employees are also spending more of their days at home.
“They’ll be coming in if they need training,” she said. “If they’re a poor performer, and they need some coaching from their manager, they can do that and then go back to working from home again.”