Citi signals consequences for flouting return to office rules

NEW YORK – Citigroup has begun telling managers to let staff know they will face consequences if they do not comply with policies for office attendance. 

While the vast majority of staff are following the firm’s rules for hybrid work, the moves are focused on those employees with persistent, unexplained absences, according to a person with knowledge of the matter.

Managers will consider compliance with the rules when rating performance and crafting pay packages, the person said, asking not to be identified discussing information that is not public.

“We are committed to our hybrid-work model and proud of the flexibility it provides our colleagues to work at least three days per week in the office and up to two days remotely,” Citigroup said in a statement. “We have firm expectations for office attendance and know that the majority of our employees are compliant with their requirements. As necessary, we hold colleagues accountable for adhering to their in-office days.”

Citigroup is widely seen to be among the most amenable financial firms when it comes to flexible work arrangements following the pandemic. The vast majority of its roughly 240,000 employees are considered hybrid, meaning they are expected to come into the office at least three days a week, and the bank has used the policy to retain and attract employees across its businesses during chief executive officer Jane Fraser’s time atop the firm.

The recent push comes as Citigroup has readied managers for mid-year performance conversations. The New York-based company has asked managers to discuss return-to-office policies with staff who have not been coming to the office regularly, and ensure they understand the consequences of continued non-compliance, according to the person with knowledge of the matter. 

As part of an effort to better understand office attendance trends, Citigroup is considering tracking staff’s building-entry data in Britain. It has already been collecting such data at major offices across the United States.

The company is discussing a proposal with its employee-engagement forum in Britain that would allow it to track individual staff’s office attendance on a monthly basis, according to a memo to staff seen by Bloomberg News. The proposal would also allow Citigroup to collect aggregated office data every two weeks for the firm’s offices in London, Edinburgh and Belfast. 

“One swipe per person, per day, per location will be captured,” according to the memo. “The number of hours spent in the office will not be captured in these reports. The focus of the reporting will be on employees with consistent office absence. Reports may then be shared with managers as appropriate to prompt further discussion.” 

For now, the US data has been shared with only the most senior executives at Citigroup, though the firm is weighing creating a dashboard that would allow line managers to have easier access to the data, according to the person with knowledge of the matter. BLOOMBERG