Challenger bank Revolut will give its employees the option to work remotely permanently after having asked its staff for its thoughts on the matter.
The new initiative will be supported by an Rev Lab real estate strategy to repurpose all its offices as flexible collaborative spaces.
The new Rev Labs will have around 70% of space devoted to collaboration and teamwork in response to the neobank’s employees’ feedback about them wishing to work flexibly moving forward.
Having surveyed its staff about the remote working regime it put in place during the pandemic, 98% of Revolut employees said they’d adapted well to working from home and 90% of team leaders saying that performance was unaffected. Still, 65% of employees said that they wanted the freedom to come to the office when they wanted.
Over the course of 2021, Revolut plans to open Rev Labs in new locations where it has never had a physical presence before while the current offices are gradually repurposed to fit this new model.
“Our people have told us that they really love the better balance they’ve achieved by working from home,” said Jim MacDougall, VP of people at RevolutBut they said they missed colleagues and the chance to collaborate face to face on key projects and to balance the convenience of home with the camaraderie of the office.
“Rev Labs offers everyone the best of both worlds. Revolut is a fun, exciting place to work and we want Rev Labs to preserve that energy. We’ll be completing the flexible working policy over the coming months, to be attractive to our current colleagues and the hundreds who will be joining us as we grow around the world.”
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