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...
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