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Lloyds Bank Shares Trading in Range as Firm Links Bonuses to Office Attendance

Asktraders News Team trader
Updated 13 Jan 2025

Lloyds Banking Group PLC (LON: LLOY) has recently informed its senior staff that their bonuses might be impacted based on their adherence to the company's office attendance policy. This policy mandates senior employees to work from the office at least twice a week, aligning their attendance with performance-related bonus targets. This move is in line with a growing trend among large employers to require more in-office presence.

Lloyds shares are trading up 1.06% on the day, close to the mid-point of the 52 week range (41p – 64.67p) at 53.44p.

Office attendance is now a crucial part of the performance evaluation process for senior staff at Lloyds Banking Group. The bonuses, which are influenced by this attendance policy, are anticipated to be announced next month following the release of the bank's annual results on February 20. This decision is part of a broader shift among major corporations, such as JP Morgan and Amazon, to reinforce in-office work requirements.

The enforcement of such policies has met resistance within the industry. Some staff at Starling Bank chose to resign over increased office day requirements, and WPP, a leading advertising group, is currently facing a petition from around 6,000 employees seeking relaxation in its office attendance policies. Despite these challenges, a spokesperson from Lloyds emphasized the bank's commitment to offering a flexible working environment, claiming it to be an “industry-leading approach.”


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Lloyds Banking Group's strategy reflects a broader debate in the corporate world regarding remote work. While some organisations are pushing for a return to traditional office settings, there is an ongoing discussion about the benefits and drawbacks of remote versus in-office work environments. This policy change reaffirms the bank's stance on balancing flexibility with the need for physical presence in the workplace.

Lloyds Banking Group's decision underscores a significant shift in workplace norms, highlighting the evolving nature of employee evaluation and compensation in the post-pandemic era. The forthcoming bonus announcements will be closely watched as a measure of the policy's impact on staff motivation and organisational culture.

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