"Too many people in banking expect to work gently from home & earn £150k+"
If you work in banking, and you think you can work from home and earn £150k+ ($204k), I'm afraid that I have news for you.
Times have changed. The market is now flooded with staff. In the team I run at an investment bank in London, everyone is in the office five days a week. We gave up remote working over two years ago, and we haven't looked back.
We are clear and up front about our in-office policy. We are a client service business, and client-service works best in the office. Some people don't like that, but most of them have now left for firms that offer hybrid work. We lost both men and women - there was no gender skew in the people who left.
The work from home era created a new mindset in banks. Too many people expected to be able to work gently from home while earning a lot. There's still a lot of those people out there.
Does this make it hard for me to recruit? Yes, but only in support roles. There are some European banks where people still work from home a lot, and it's almost impossible to hire from there. That's fine by me as I'm not interested in recruiting homeworkers anyway and there is plenty of talent available now.
Tomas Gill is the pseudonym of a business head at a European bank in London
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