BSA 2024 Salary Guide Risk v2 SPREADS - Flipbook - Page 13
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a rise in the number of organisations that expect staff
into the of昀椀ce more frequently.
These changes are occurring gradually in most
cases. For example, it is common for 昀椀rms to now
want employees in the of昀椀ce at least three days
a week, whereas they may only have been required
to come in one or two days previously.
Typically, a candidate’s job role and industry play
an important part in how regularly they are expected
in the of昀椀ce. And it is worth noting that the vast
majority (93%) of employers still offer some form
of hybrid or remote working arrangements, with
58% of candidates saying they can work from home
at least three days a week.
What we are likely experiencing is a ‘bedding-in’
period, as organisations look to adopt a hybrid
model that strikes a good balance between
business performance and employee expectations.
However, these changes are already causing issues
among candidates. Some professionals accepted
their current role when pandemic-era remote
working policies were in place. As these policies
become less 昀氀exible, they now are expected to
come in more regularly, even if they are located
far from their of昀椀ce.
working policies in a more subdued market, but
they are likely to 昀椀nd themselves at a signi昀椀cant
disadvantage when hiring conditions become
more competitive.
“Flexible working is a major consideration for
candidates since the pandemic,” says Antony
Berou, Associate Director at Barclay Simpson.
This is especially true given that 40% of employers
already cite either their remote working policies
or candidates’ location as factors making it challenging for them to 昀椀nd skilled talent.
“Professionals are understandably resistant to
giving up the added 昀氀exibility they’ve enjoyed in
recent years. As such, employers who become too
rigid with their policies may begin to experience
dif昀椀culties attracting and retaining the best people.”
Our data supports this analysis. Nearly threequarters (72%) of risk, quant and treasury professionals admit they would consider changing jobs
if they were not allowed the hybrid working model
they prefer – up slightly from 69% in 2022.
Furthermore, 15% of candidates cited remote working
or a better work-life balance as their primary motivator for seeking a new job last year. Organisations
may feel more con昀椀dent tightening their 昀氀exible
19% of employers
believe their flexible
working policies
are causing
recruitment and
retention problems
