The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

HSBC Managers to Hot Desk Instead of Having Private Offices

HSBC Managers to Hot Desk Instead of Having Private Offices
19 April 2021
 

HSBC’s Chief Executive has told a national newspaper that an entire executive floor of its Canary Wharf office is now to be used as meeting rooms and collaborative space.

According to the Financial Times, the executives who worked on 42nd floor of the London skyscraper will now hot desk on open plan floors instead.

Noel Quinn announced in February that the bank will free up its office footprint by forty per cent, but will still maintain a city presence.

 

Two Employees Per Desk Policy

 

Quinn told the FT: “Our offices were empty half the time because we were travelling around the world. That was a waste of real estate. If I’m asking our colleagues to change the way that they’re working, then it’s only right that we change the way we’re working. 

“We don’t have a designated desk. You turn up and grab one in the morning. “I won’t be in the office five days a week. I think it’s unnecessary . . . It’s the new reality of life.” 

Quinn also confirmed that the company will operate a “two employees per desk” policy.

This news comes as rival bank Nationwide announced that it will allow all 13,000 office staff to work remotely.

Picture: a photograph of an HSBC sign. Image Credit: HSBC

Article written by Ella Tansley | Published 19 April 2021

Share



Related Articles

Industrial Design – Bratislava’s Heating Plant Turned Co-Working Space

The Jurkovič Heating Plant was a central part of Bratislava’s industrial centre and has been extensively renovated to preserve as many industrial design elements...

 Read Full Article
HSBC to Cut 40% of Office Space

CEO Noel Quinn has announced in a full-year result presentation that the bank will free up its office footprint by forty per cent. Quinn however confirmed that HSBC...

 Read Full Article
Employment Engagement is Now Top Priority

Employee engagement is now the top priority for global businesses and nearly two-thirds are investing in their offices, according to a new global survey by ISS. The...

 Read Full Article
Five Ways to Review Your Real Estate for Flexible Working

For anyone still in doubt: flexible working is the future, not a fad, says Karl Breeze from Matrix Booking. In this opinion piece, Karl lays out his recommendations...

 Read Full Article
UK’s Largest 100% Electric Net-Zero Office Set For 2026

A £400 million development finance facility to fund 105 Victoria Street means building work will commence this year, with Skanska as the main contractor. Welput,...

 Read Full Article
Allianz Real Estate and Aviva Investors to Develop Prime London Offices

Allianz Real Estate and Aviva Investors have formed a joint venture to develop two Grade-A, prime office buildings in the City of London. 1 Liverpool Street and 101...

 Read Full Article
The Future of Corporate Security as Offices Change

What does the future of corporate security look like in the face of changing office spaces? COVID-19 has been a key catalyst in changing office spaces and workplace...

 Read Full Article
Flexible Working Policies As Important as Salary, Says HSBC

Research from HSBC shows that an organisation’s approach to flexible working is on par with salary when it comes to employee priorities. HBSC’s study of...

 Read Full Article
x+why Opens its First Suburban Office Hub for Home Workers

Flexible workspace provider x+why has opened its first suburban site in Chiswick, potentially indicating upcoming trends for regional hubs rather than...

 Read Full Article
Contractors Sought for New Sustainable Victoria Office

The largest speculative office scheme to come forward in London since the pandemic is to go ahead. Welput, the central London office fund managed by BentallGreenOak...

 Read Full Article