A new survey by CBI and PWC shows that 74% of London’s financial companies are considering their office space needs.
As the pandemic has led to a boom in working from home, many businesses are considering the possibility that workplace flexibility could be far more flexible and that homes could be permanent fixtures.
A total of 133 financial companies were surveyed, with 88% saying there was a major transition to housing work and that employees can continue away from the office.
Fund manager Schroeders told employees he could continue working from home even after the pandemic has passed.
However, JP Morgan raised concerns about permanent homework due to lack of mentorship and declining productivity at the start and end of the week.
According to reports from Cardiff University and Southampton University, people are productive, if not more, when working from home.
“We’ve been working hard to get the better of our customers,” said Professor Alan Felsted of Cardiff University. “Our analysis suggests that there is a significant change from traditional workplaces, even when social distancing is no longer a requirement.”
“What’s particularly impressive is that many of the people who worked at home during lockdown want to continue working this way, even if social distancing rules don’t require them.”
“Because these people are one of the most productive things, it makes no economic sense to prevent them from choosing how they work in the future.”
