An American multinational investment bank and financial services corporation, Citigroup UK to start monitoring employees’ office attendance.
Citigroup will now focus on employees those who are taking advantage of hybrid work. Additionally, it will check the employees who have repeatedly avoided coming into the office without reason.
According to Business Insider, the attendance of the employees will be tracked from August 7 onwards. Moreover, Those who are found to be consistently irregular will risk losing their bonuses or even their jobs.
In June 2023, the financial services company made it mandatory for its employees to work at least three days a week in the office as part of its hybrid working arrangement.
IT and Tech major companies including TCS, Accenture, IBM, Google, and Infosys, etc are calling their employees back to the office and trying to have at least employees work 2-3 days from the office.
Recently, Tech giant Google has revised its hybrid work policy, making it mandatory for employees to be in the office for at least three days a week.
In a Nasscom Technology and Leadership Summit 2023, Wipro chairman Rishad Premji said that he wants employees to return to workplaces and get over the work-from-home mindset. Premji also believes that hybrid work is the future for most workplaces.
Recently, IT and consulting giant, Accenture has also instructed the Team Leaders and Managers to ensure their respective team members are working from their base locations by August 31, 2023.
TCS 55% of employees have started working 3 days a week from the office.
Milind Lakkad, Chief HR Officer, said, “We remain focused on developing, retaining, and rewarding the best talent in the industry, and enhancing their effectiveness by bringing them back to office to foster our culture. Our Return to Office initiative is picking pace, with 55% of the workforce already in office thrice a week.”
Recently IBM CEO Arvind Krishna warns employees, said return to office or lose career opportunities. Remote work can hurt the career prospects of employees, especially in managerial roles.
If you aspire to lead roles would face difficulties in getting promoted, especially to managerial positions, he added.
