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Come back to the office or risk bonus cuts, HSBC staff told

  • HSBC told its UK staff they must work at least three days a week in the office or risk reductions in their bonuses starting September 2023.
  • This policy follows similar measures by Lloyds, Barclays, and JP Morgan aiming to increase in-office attendance after widespread remote work during the pandemic.
  • Managers receive monthly data tracking whether employees meet a 60 percent attendance target, which influences overall performance assessments tied to variable pay.
  • HSBC employs about 24,000 people in UK retail and commercial banking, with failure to meet office presence potentially affecting bonuses, mirroring Lloyds’ approach announced in January 2023.
  • This stricter stance signals a broader finance industry shift to reduce remote work and reinforce office culture, reflecting concerns about mentorship and productivity.
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Bloomberg broke the news in United States on Wednesday, May 21, 2025.
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