Citi signals consequences for flouting return to office rules

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Citi signals consequences for flouting return to office rules
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Managers will consider compliance with the rules when rating performance and crafting pay packages. Read more at straitstimes.com.

NEW YORK – Citigroup Inc. has begun telling managers to let staff know they will face consequences if they do not comply with policies for office attendance.

Managers will consider compliance with the rules when rating performance and crafting pay packages, the person said, asking not to be identified discussing information that is not public. Citigroup is widely seen to be among the most amenable financial firms when it comes to flexible work arrangements following the pandemic. The vast majority of its roughly 240,000 employees are considered hybrid, meaning they are expected to come into the office at least three days a week, and the bank has used the policy to retain and attract employees across its businesses during chief executive officer Jane Fraser’s time atop the firm.

As part of an effort to better understand office attendance trends, Citigroup is considering tracking staff’s building-entry data in Britain. It has already been collecting such data at major offices across the United States.

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