A spokesperson for Canada Life said it has been happy to full embrace blended working, but that it doesn’t allow employees to work from abroad as a routine but that it would consider it in exceptional circumstances.
“We’ve seen the benefits of fully adopting a blended approach to hybrid working, which has balanced the needs of both the business and respects the needs of the individual. We just ask employees to exercise judgement and also discuss this with their line managers,” the spokesperson said.
Likewise, Quilter only allows staff to work from abroad in exceptional short term circumstances due to potential tax, immigration and insurance risks.
A spokesperson for the firm said: “Discretion is given to managers to allow them to run their teams in a way that suits the type of work being performed by their particular team but throughout the business we encourage teams to come together at least two to three times a week.
“Not only does meeting colleagues in person bring social benefits but it can spur more creative interactions that drive innovation within the business.”
But for financial services group, The Verve Group, the tax implications are not so much of a concern.
“Anything that can be done to simplify in the world of tax is a good thing and I imagine would be embraced by those firms that have cross-country employees and more complex arrangements,” the Verve Group’s chief executive, Cathi Harrison said.
“We’re quite unusual in that we have a mix of remote workers and hybrid workers. Our challenge has mainly been around getting these two groups to feel as equally part of the culture and team of the Verve Group, and needing structures around both types of working to support this,” Harrison said.
Harrison also pointed out that the social side of office work shouldn’t be underestimated.
“I think if we can get it right, it’s a massive positive for both the business and the whole team. For people to genuinely get more flex in their daily lives, and be able to work to their own natural rhythms, as well as the ability to benefit from the social side of work.
“But to get it right requires a huge amount of planning and thinking – to have a framework that is robust enough to support business objectives and needs, but flexible enough to support an individual’s personal objectives and needs.”