HSBC has told staff at its UK retail bank that their bonuses could be cut if they fail to come to the office often enough.
HSBC UK informed staff this week that line managers would start monitoring office attendance more closely, and adherence to its policy would form part of their annual performance review, according to a person familiar with the matter.
If employees failed to meet the bank’s previously announced requirement of spending at least 60 per cent of their time in the office or with customers, they could receive lower bonuses, the person added.
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