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Bank of Ireland switches to hybrid working to avoid "time and money-sapping commutes"

The move follows consultation with staff which found over 90% want flexible working

Matt Elliott, Chief People Officer at Bank of Ireland

Bank of Ireland has announced a new hybrid working model for its staff across the º£½ÇÊÓÆµ and Ireland.

The bank said º£½ÇÊÓÆµ employees would have the ability to work from a combination of home and office locations including significant investment in four “agile” hubs in Belfast, London, Bristol and Birmingham.

It said the move was aimed at reducing “time and money-sapping commutes” and has been prompted following consultation with staff, 91% of which said they prefer to work flexibly both at home and in an office.

The bank has implemented a similar move in the Republic and plans to have 11 remote hubs across the region by the end of 2021.

It is the latest corporate name to adopt more flexibility for its workforce, a move which will allow companies to attract talent from a wider geographical area. Bank of Ireland said it would now have “increased access to applicants for certain roles from outside traditional operational centres”.

Although the development has been triggered by the Covid-19 pandemic, the bank had already started moving to a more flexible model with 3,500 employees across the group working with some degree of flexibility at the start of 2020.

But surveys of staff in May and December 2020 found that three quarters preferred to work from home between 25% and 75% of the working week.

Matt Elliott, Chief People Officer at Bank of Ireland, said the working world has changed for good.