Finance professionals not keen on getting back into the office

Online video meeting

London-based financial firms appear to be in no rush to have the majority of their staff back in the office, according to new research by Theta Financial Reporting.

Only 800 of Goldman Sachs's 6,000 London staff have returned, while fewer than 2,000 of the 12,000 at JP Morgan are back in the office, the consulting firm’s new study revealed.

Almost one third of Brits say their company’s finance teams will not be returning to the office with other employees in July and will now work at home most of the time.

It also emerged that 70 per cent of City-based workers do not feel comfortable commuting to work via public transport anymore and think it will be one of the most stressful parts of their day.

"This research demonstrates the clear desire for people both in the capital and finance teams not to return to their pre-COVID working environments, regardless of the calls from the Prime Minister to return to normality before Christmas,” said Chris Biggs, managing director and founder of Theta Financial Reporting.

Theta Financial Reporting, a consulting and accounting firm that promotes flexible working for accountants, conducted the research to find out more about financial services professionals and in-house finance teams and their return to work.

“From the commute to boosted productivity when working from home, there are numerous benefits to flexible working that this period has uncovered for millions of employers and employees alike. Business leaders would do well to realise this and adapt now to pivot their business, remove unnecessary overheads and plan for a post-Covid future," added Biggs.

Nearly one third however, or 24 per cent, of Brits said their employer hasn’t explored any flexible working options to help them return to work.

The findings also revealed that 29 per cent of business leaders say they have downsized their team permanently because of the Covid-19 crisis, as they discovered some roles were unnecessary.