Finance professionals highly value remote work option

Remote work is here to stay, and a significant number of finance professionals may not be staying put if their company requires them to return to the office, according to a recent survey.

Fintech firm Spendesk and market research firm YouGov created the survey report The future of financial workasking over 1,000 finance professionals in the UK, France and Germany for their views on current working conditions.

Thirty-two per cent of UK respondents said they would quit their job if forced to return to the office full-time. Across all regions surveyed, 47% of people aged 35-44 said they would quit if they were forced to return.

While every organization’s situation is different, these numbers should serve as a warning to business leaders struggling to retain and replace talent. Collectively, survey respondents also shared other not-so-surprising opinions on how their employers could keep them happy:

  • More than three-quarters (78%) said they would like the option of a four-day work week.
  • Nearly 80% believe their salaries should be increased to match recent increases in the cost of living.

Almost two-thirds (63%) of UK respondents said they were satisfied with the remote working opportunities offered by their organisation. Seventy percent of all respondents say no communication issues hinder remote working, although 35% miss face-to-face interactions with colleagues and 33% say sometimes a lack of digitization poses problems.

Forty percent of UK-based respondents (and 37% overall) said they were concerned that colleagues working in the office would be treated more favorably than remote workers – a call for employers to clarify how they view remote employees versus in-office employees.

— To comment on this article or suggest an idea for another article, contact Bryan Strickland at [email protected].

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