Nationwide To Allow Flexible Work to Staff Post Lockdown

March 25, 2021 09:46 AM EDT | By Suhita Poddar
 Nationwide To Allow Flexible Work to Staff Post Lockdown

Source: Amnaj Khetsamtip, Shutterstock

Summary

  • Nationwide Building Society would be allowing 13,000 staff the option to choose where they wanted to work from.
  • As part of its flexibility scheme, the company said employees can be in charge of their lives.
  • 57% of its employees said they were keen on continuing work from home.

UK’s biggest building society Nationwide Building Society (LON:NBS) has declared that it would allow its employees to work from any location of their choice after the lockdown is eased. This would mean that 13,000 office-based employees can either work from home or can go to office if they like.  

The company is planning the new initiative Work Anywhere as 57 per cent of its employees said they were keen on continuing work from home. About 36 per cent wanted a mix of both office and work, while only 6 per cent wanted to return to their previous work life.

As part of the plan, the company would close three of its offices in Swindon and about 3,000 staff would either be working out of home or the head office, or both. Other staff have the option of working from the High Street branch.

Also read: Why Companies Are Opting for Flexible Work Models in The Post-Pandemic World

CEO Joe Garner said that the year 2020 has taught everyone that it is more important to focus on how jobs are done rather than from where they are done. He said that the company has learnt the lessons and moving forward, it would make employees in control of where they work.

Nationwide is not the first institution to adopt this policy. Many companies across the UK are considering how to manage office and remote work once the lockdown restrictions are eased and many are opting for a mix of both. Bank of England governor Andrew Bailey said working from office would never become what it was during pre-pandemic times.

Also read: Goldman Sachs Boss Wants Staff to Return to Office Life

                                       

                                               Copyright © 2021 Kalkine Media Pty Ltd.

Investment banks like Lloyds Banking group Plc (LON:LLOY) and HSBC Holdings Plc (LON:HSBA) have said that they are exploring split working models and British Airways is planning to sell its Heathrow Airport headquarters to allow flexible working facilities to its staff.

Oil behemoth BP Plc (LON:BP) has also announced that employees would have the option of working from home for two days in a week after lockdown restrictions are eased.

Nationwide has 18,000 staff and is also devising a plan in five of its sites where branch staff and office-based staff can work along with each other. The company’s staff survey conducted with Ipsos MORI found that about 43 per cent employees wanted face-to-face engagement with colleagues to be able to do their work more efficiently. The company is planning to reimagine office spaces as hubs by developing more spaces for collaboration and less meeting rooms, as well as investing in well-being measures like quiet spaces.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.