Credit Suisse Plans 'Maximum Flexibility' Remote Work Model

Hrishikesh Pardeshi

Hrishikesh Pardeshi

Credit Suisse Group AG is embracing a more flexible work model for its employees in Switzerland. Around 13,000 workers will have the freedom to decide how much time they spend working remotely and which days they come to the office, based on their roles. This shift is aimed at adapting to a post-pandemic world, according to Credit Suisse Switzerland CEO Andre Helfenstein.

The rollout of this new policy for the bank's roughly 49,000 employees globally will be influenced by each country's COVID-19 guidelines. Credit Suisse joins other major banks like UBS, Deutsche Bank, and Citigroup in promoting remote work, although it hasn't specified required office days. This change follows a six-month study showing that flexible work arrangements lead to happier and more productive employees, with many wanting to spend the majority of their time working remotely. The bank is also developing technology-based tools to enhance virtual collaboration.

Read more about it here.