More than half of financial services leaders who work remotely at least part time, 66%, say it’s likely they would leave their current job if their company required them to return to the office five days per week, according to a survey by Deloitte done in collaboration with Workplace Intelligence.
Those who also had caregiving responsibilities at home were 1.3 times more likely than non-caregivers to say they would leave their company if remote work were eliminated.
However, even as remote working has brought improved engagement and well-being in some cases, most financial services leaders believe it will put them at a disadvantage. Among those with hybrid work arrangements, 62% of respondents say they would prefer to work remotely more often but feel it would be bad for their career.
Deloitte’s report also found that while some financial services institutions require their workforce to go into the office three to four days per week, only 19% of financial services leaders said that would be their ideal arrangement.
The report included a survey of 700 full-time executives with job titles of manager or equivalent and above, exclusive of chief experience officers, in US financial services organizations.