Most financial execs would quit if directed to return to office full-time

Executives at major financial institutions are willing to quit if forced to return to the office full-time, according to a Deloitte report. The survey of 700 US financial executives in April 2023 revealed that 66% of those who worked remotely part-time would resign if required to be in the office every day. Around 62% preferred remote work but feared it could harm their careers, while over half believed they missed networking opportunities. Respondents perceived in-office workers as having better career prospects, pay, promotions, decision-making power, and chances of becoming a CEO. Some financial firms are retracting pandemic-era remote work flexibility, causing tension. Higher-earning workers show a willingness to accept pay cuts to continue remote work, as per a McKinsey survey.