Economics
Royal Bank of Canada Asks Workers to Come to the Office More
- Most employees will be expected in two to three days a week
- Bank seeks to start new arrangements by the end of September
Dave McKay
Photographer: Kevin Van Paassen/BloombergThis article is for subscribers only.
Royal Bank of Canada is asking employees to come to the office more often, an early sign that the country’s big banks may follow their US rivals in cutting back on remote work.
While many types of work can be done productively from outside the office, “technology can’t replicate the energy, spontaneity, big ideas, true sense of belonging and fun” of being together in person, Royal Bank Chief Executive Officer Dave McKay said in a memo to employees Tuesday.