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Stock impact report

Working from home is turning into 'return to the office or lose your bonus' [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
There were free meals, unlimited snacks, pilates classes, social events, subsidised travel costs, and some offices even installed doggy daycare facilities for workers who got four-legged companions during lockdown. But, despite such freebies, many workers continue to prefer to work from home at least some of the time – leading many executives to set aside the "carrots" of workplace incentives and reach for the "stick" to get workers back to the office. Junior lawyers at London law firm A&O Shearman were recently warned that if they fail to comply with the company's hybrid working policy of spending “at least 60%” of their time in the office their bonus eligibility for bonuses would be “affected”. A&O Shearman, formed from the merger of London's Allen & Overy and New York's Shearman & Sterling, is the latest large company to tie office attendance to pay, promotions and bonuses. In some cases, workers have even been told if they don't turn up to the office regularly they won't hav Show less Read more
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