Get in shape or send it to the office.
That was essentially the message Citigroup Inc. CEO Jane Fraser had Tuesday for employees who are slacking off while working from home.
While Citigroup C.
While it has been an outlier among Wall Street banks, offering more flexible hybrid work hours than most peers, that flexibility has its limits, Fraser said at a Bloomberg event at the World Economic Forum in Davos, Switzerland. And workers who aren’t cutting it remotely can expect to be called back to their desks.
“ “You can see how productive someone is or isn’t, and if they’re not being productive, we bring them back to the office.” ”
“We measure productivity very carefully,” he said. “You can see how productive someone is or isn’t, and if they’re not being productive, we bring them back to the office or site and give them the coaching they need until they’re productive again. again.”
While much of Wall Street has been ordered back to the office full-time, most Citi employees are expected to be on just three days a week, and Fraser said in a November interview with Fortune that working working full time in the office is largely unnecessary. today.
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The possibility of working from home has become one of the benefits most sought after by workers since the pandemic. A recent study of new mothers, for example, found that the vast majority preferred flexible hours and remote work options even over $10,000-a-year salary increases.
A flexible work policy has helped Citi retain talent, Fraser said, but added that there must be a balance between the wishes of workers and the needs of the company.
“We’re going to have to continue to listen to our people and get the balance right, but if you don’t listen to them, you risk some problems,” he said.