Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

HSBC warns UK staff: return to the office three days a week or risk pay cuts

by May 22, 2025
May 22, 2025
HSBC warns UK staff: return to the office three days a week or risk pay cuts

HSBC has told thousands of UK employees that their pay could be cut if they fail to meet new in-office attendance requirements, as the bank steps up efforts to tighten its hybrid working policy.

In a memo sent to employees in its UK high street and commercial banking division, which employs around 24,000 people, the FTSE 100 bank said that “consistently not meeting 60 per cent office attendance will be considered in an individual’s overall performance assessment… which could lead to variable pay being impacted.”

From September, line managers will begin receiving monthly attendance reports highlighting staff who are not coming into the office at least three days a week, the bank confirmed.

The stricter monitoring comes more than a year after HSBC first told staff they were expected to spend 60 per cent of their time in the office or with clients, equating to roughly three days a week under its hybrid policy.

The move sees HSBC join a growing number of global corporations pushing back against remote work. JP Morgan Chase recently mandated a five-day office return for all staff, and Amazon scrapped its hybrid arrangements at the start of the year.

While hybrid working remains widespread across many sectors, some senior executives have voiced concerns that remote work can hinder collaboration, innovation and employee development—particularly for younger or junior staff.

The tension between flexibility and productivity was brought into sharp relief earlier this year when JP Morgan CEO Jamie Dimon was caught on a leaked recording lambasting remote work during an employee town hall. In the clip, Dimon criticised the lack of office attendance, remarking: “I come in, and where is everybody else?”

HSBC’s warning stops short of mandating full-time office work, but by linking attendance to performance assessments and variable pay, it sends a clear signal that the era of unchecked flexibility is fading.

While some employees may push back against the policy shift, HSBC’s leadership appears determined to draw a firmer line — reflecting a broader recalibration of post-pandemic working norms as companies seek to reinforce culture, collaboration and accountability.

Read more:
HSBC warns UK staff: return to the office three days a week or risk pay cuts

0
FacebookTwitterGoogle +Pinterest
previous post
UK’s free trade strategy out of sync with service-driven economy, says Tony Blair Institute
next post
Sir Jony Ive’s tech start-up to merge with OpenAI in $6.5bn deal

You may also like

Elevating Your Project Success With A Dedicated Developer

May 20, 2024

Four-day week made staff more stressed, says tech...

October 2, 2023

Scaling a business – 7 tips for success

January 24, 2024

Royal Mail Faces Legal Battle Over Gig Economy...

February 26, 2024

Workplace romance and potential HR issues: How to...

January 18, 2023

Kitchen design trends for 2023 all homeowners should...

December 28, 2022

Video Production Mistakes That You Might Want to...

February 22, 2023

Thousands of UK businesses could face ‘significant delays’...

August 2, 2022

Top 5 Industries That Get Advantages From IoT...

August 29, 2024

Labour Abandons Pension Lifetime Cap Reinstatement in £800m...

June 10, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • EDF buys EV charger firm pod point for just £10m – four years after £352m london float

      June 12, 2025
    • Public opinion turns against Trump-backed tax and spending bill, new survey finds

      June 12, 2025
    • Pentagon may sink Biden-era deal to sell Australia nuclear-powered submarines

      June 12, 2025
    • California Dem tells Hegseth he’s an ’embarrassment’ to the US, should ‘get the hell out’ of the DOD

      June 12, 2025
    • RFK Jr. picks eight for vaccine panel after firing all 17 members

      June 12, 2025
    • Poll: Musk’s favorability among Republicans drops 16 points after Trump feud

      June 12, 2025

    Categories

    • Business (8,200)
    • Investing (2,030)
    • Politics (15,614)
    • Stocks (3,142)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved