Schroders' landmark decision to permanently adopt a flexible working policy will set a precedent for other firms to follow suit in the near future, according to diversity spokespeople in the asset management industry, who believe the culture of the City has "already been changed" as a result of the coronavirus pandemic.
On Monday, the FTSE 100-listed giant announced staff will be able to work from home even after all restrictions ease and the world returns to normal, while staff can agree the hours they work with their respective line managers. Schroders was also one of the first asset management firms to request senior executives work from home one day per week after the offices reopened, with CEO Peter Harrison asking 19 members of the firm's management committee to show it is "acceptable" for employees to work from home back in June. A new normal? Why industry needs flexible working hours Johan...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes