Data from 2022 Surveys
The office entry policy towards fully vaccinated staff is consistent, with open access to all. Limited testing is required in some cases, where a vaccinated employee has been absent from the office for a period of time and/or has been abroad.
Without exception non vaccinated staff and/or those that have not proven their vaccination status are barred from the office until futher notice. With one exception, the policy towards future employment status for non-vaccinated / non proven status is yet to be determined.
Pre-Omicron variant, front office sales and trading staff in-office figures had grown to 40% – 70%, whilst this has dropped to the present state at 10% – 40%. February is the most common RTO communication, with a greater emphasis on the requirement to do so in these communications.
The majority of banks are firm on RTO 5:5 in-office with no WFH optionality for transactional staff (occasional days being allowed upon request linked to testing operational resilience), with most in- business product COOs at 5:5 or 4:1. Other in-business non-transactional staff are being offered varied options, although a 3:2 is the most common (role by role impacts this ratio).
Operations / infrastructure staff are thriving with various hybrid options. All participating banks, whilst hoping for a flow of returnees, are left to wait and to see how RTO staff numbers will unfold, despite the common battle cry of ‘we are better together’.