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Schroders Latest To Report No Rush Back To Office

Editorial Staff

18 August 2020

Wealth manager surveyed 2,000 people in the UK about their reservations about returning to work after the lockdown. It found that more than half (57 per cent) of London workers do not want to return to a normal office environment or normal office hours, citing commuting worries, the impact on mental health and that they are more productive working from home.

Half of business leaders in the capital agreed that the pandemic has changed the working environment for the better, and 44 per cent indicated that they have streamlined teams because of efficiency gains the health crisis has exposed. This was less the case for business heads outside London, with 29 per cent saying they had cut staff.

It also found that finance teams were the most likely to remain working from home as other departments returned to the office in July in government efforts to throw a lifeline to public transport and city centre services being crushed by the absence of an office population.

The survey took views from both the workforce and capital business leaders to see where a balance might be struck. "It is refreshing to see large firms take note of their employees' concerns in regards to travelling into central London offices. Despite Schroders having a brand-new building opened in 2018 by the Queen, the world has changed and with that, working practices and culture may also change for good,” Chris Biggs, founder and managing director of Theta Financial Reporting, said.