John Turley-Ewart discusses the return of bank employees to office work in Canada, as major banks, including the Royal Bank of Canada and Bank of Nova Scotia, mandate in-office attendance several days a week. This shift signifies a growing recognition that remote work hampers productivity and teamwork, critical in the complex banking sector. The article highlights CEO Dave McKay's remarks about the challenges of remote work and cites research pointing to lower performance among hybrid or remote arrangements. Other tech giants also share this sentiment, emphasizing the necessity of in-person collaboration.
Back in a March, 2023, quarterly earnings conference call, RBC chief executive officer Dave McKay mentioned the challenges associated with remote work, saying, "All CEOs in every sector I talk to are struggling with a balance of developing talent, promoting talent, building culture, creating productivity."
This slow walk back to five days in-person reflects an emerging consensus that remote work is a productivity killer. It undermines common purpose in banking.
Collection
[
|
...
]