Accountancy agency PwC is to start monitoring its staff’ areas and demand they’re at their desk not less than three days every week in a crackdown on workplace attendance.
The agency knowledgeable its 26,000 UK staff that from January it might begin monitoring their working location.
Managing accomplice Laura Hinton instructed workers on Thursday they’d start sending staff their working location information each month, including they need to now spend ‘a minimal of three days every week’ within the workplace or at shopper websites.
The accountancy big mentioned this may ‘be sure that the brand new coverage is being pretty and persistently utilized throughout our enterprise’, the FT stories.
She acknowledged that everybody on the firm ‘advantages’ from a hybrid working coverage, however that earlier steering was ‘open to interpretation’.
The Large 4, Deloitte, EY, KPMG and PwC, are all having to seek out methods to deal with a market slowdown.
The agency knowledgeable its 26,000 UK staff that from January it might begin monitoring their working location
The accountancy big mentioned this may ‘be sure that the brand new coverage is being pretty and persistently utilized throughout our enterprise’
In addition to cracking down on workplace hours, PwC additionally warned workers in July to anticipate decrease bonuses and pay rises this 12 months.
It has additionally restricted workers from taking a half day on Friday, which was a pandemic perk.
In her memo, Ms Hinton argued relationships are ‘extra simply constructed and sustained face-to-face’.
She added it supplies a greater shopper expertise and studying atmosphere for employees.
On common, staff in London nonetheless spend simply 2.7 days within the officer per week – in comparison with 3.5 in Paris and three.1 in London.
PwC is going through different monetary challenges too, after it was fined £15 million final month over failings in warning of suspected fraud at London Capital & Finance.
The auditor has change into the primary accountancy agency to be penalised by the Metropolis regulator.
The Monetary Conduct Authority’s investigation discovered that in PWC’s work on the minibond firm’s 2016 accounts, its audit group discovered a number of ‘crimson flags’ – however did not alert the regulator.
The warning indicators included a senior particular person at LCF who ‘acted aggressively’ in direction of the auditors and the agency offering PwC with inaccurate and deceptive info.
The accountancy big additionally discovered the audit ‘very complicated’, claiming it took for much longer than anticipated to finish.
