66% of Finance Workers Would Leave Their Firm if Required to Work in the Office Full Time

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10 August 2023

A survey from Deloitte shows that many professionals working in large US financial services institutions would look for another role if their company required them to attend the office full-time.

In collaboration with independent research organisation Workplace Intelligence, Deloitte surveyed 700 full-time executives with job titles of manager or equivalent and above in US financial services organisations.

The survey revealed that the ability to work remotely continues to be highly valued, so much so that most leaders say they'd rather resign than go into the office full-time. Among leaders surveyed who work remotely at least part of the time, 66 per cent say it's likely they'd leave their current job if this was the case. Workers with caregiving responsibilities surveyed were 1.3 times more likely than non-caregivers to say this.

Strict return-to-office mandates, such as those suggested by Cabinet minister Jacob Rees-Mogg in 2022, could therefore be met with resistance and lead to issues retaining talent. Deloitte as a company offers their staff full-time remote working opportunities.

"This latest report puts timely and relevant data behind the notion that flexibility in workplace arrangements is a driving force in employee engagement," said Neda Shemluck, U.S. financial services DEI leader and Managing Director at Deloitte Services LP.

"As employers work to establish their in-office policies, it's important that they carefully examine how to optimise in-person interactions, identify the most suitable tasks for remote work, and empower employees with flexibility."

Dan Schawbel, Managing Partner at Workplace Intelligence said: "While returning to the office can help organisations achieve their business objectives, companies should do so in a way that doesn't sacrifice employee engagement and wellbeing."

Picture: a photograph of a person sitting at a desk, working on a laptop. Image Credit: Unsplash

Article written by Ella Tansley | Published 10 August 2023

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