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Deloitte: Financial services staff enjoying homeworking

Jun 05
Tags: Deloitte
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Deloitte: Financial services staff enjoying...

Most employees in the financial services industry who have been forced to work from home during the Covid-19 outbreak are enjoying the experience, according to recent research by Deloitte.

The firm's Future of the City survey, which questioned more than 500 people employed in sectors like retail and investment banking, wealth management and insurance, found that 70% of respondents rated their experience of working from home as positive.

Just one in ten people said their experience of remote working since the pandemic forced a nationwide lockdown has been negative.

The most common reason why employees said they had enjoyed working from home was not having to commute, which was cited by 76% of people. Having more flexibility was another big benefit (43%), followed by getting more time to spend with the family (39%) and exercise (28%).

Furthermore, the study suggested that remote working can provide health benefits, with more than a third (36%) of people saying their wellbeing had improved during lockdown, compared to 24% who said it had worsened.

Of those who said their experience of working from home had been negative, 51% said they missed having in-person interactions and 41% cited the difficulties of maintaining a good work-life balance.

Other findings showed that 76% of financial services staff felt as or more productive working remotely during the coronavirus lockdown.

Margaret Doyle, financial services partner at Deloitte, said: "Against the backdrop of the Covid-19 pandemic, the lockdown and all the challenges of homeworking - from health and financial anxieties to childcare - it is perhaps surprising that financial services employees are finding remote working so positive.

"But given ways of working are likely to be constrained for a while, this is good news."

She also noted that this "forced homeworking experiment" could give the industry "a chance to reflect on its ways of working".

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