During the summer, the UK’s Lloyds Banking Group (60,000 employees globally) launched its new Flexibility Works policy, which will enable its UK employees to compress a five-day working week into four days. The bank’s office-based employees will also be able to work remotely three days per week and from the workplace for the remaining two.
More concretely and according to the subject matter expert Employee Benefits, the compressed four-day week will be made available to all employees with a dependent child up to the age of two. This option will also be offered for 6 months to staff facing key life moments (bereavement/caring duties/medical issues) and permanently to staff with disabilities or caring responsibilities for disabled children or dependants.
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