Lloyds Banking Group has told employees that they will need to spend a minimum of two days per week, or 40 per cent more of their working time, in the office.
The changes apply to office-based staff who use hybrid working, rather than employees who work in branches.
According to a report by The Financial Times (FT), the bank will use card swipe data to monitor staff attendance.
“This is about performance, supporting each other and creating equity,” wrote the bank’s chief executive in a note to staff seen by the newspaper.
Lloyds boss Charlie Nunn continued that the bank wants flexible working to be “fair, inclusive and productive for all”.
The two-day office working week is set to come into force officially on 1 September, however Nunn encouraged staff to start as soon as possible.
The note also said that data on the "journey" would be given to senior staff members, with employees reluctant to come into the office two days a week facing "more formal conversations", said the report.
"Our hybrid approach to working has been in place since 2021 and has worked well in supporting our customers, while many of our colleagues have also benefitted from flexible working patterns," said a Lloyds Banking Group spokesperson. "Today’s announcement brings clarity on our hybrid approach moving forward and will enable us to continue to best meet the evolving needs of our customers."
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