【HSBC】HSBC cancels work-from-home arrangements for Hong Kong customer-facing staff

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HSBC Holdings (00005)
Stated that Hong Kong-facing employees, including traders and sales staff, must either meet with clients or work in the office at least five days a week, ending the work-from-home era for frontline Hong Kong staff during the pandemic. Bloomberg reports that the new requirements are outlined in an internal memo, which also details the updated hybrid work arrangements, effective April 1.

The memo states that managing directors and senior staff with direct reports are required to work in the office at least four days a week, while all other Hong Kong employees must work in the office at least three days a week, with one of those days being Monday or Friday, depending on office space availability.

According to the memo, “HR managers, you play a crucial role in promoting good practices and experiences,” and “we hope you set an example with clear guidance to lead the change.”

The report indicates that a HSBC spokesperson confirmed the memo’s contents and stated that these practices have been accepted by many employees.

Last year, HSBC required all managing directors to work in the office at least four days a week to “set an example from the top.”

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