Inadequate technology and management intransigence are holding back adoption of flexible working for the 500,000 employees in the UK financial services sector, claims research.
More than two-thirds of firms questioned in a survey by BT said that lack of remote computing access is preventing them from working flexibly, while a third cited a lack of hot desks and poor computer systems.
Nearly half of respondents said they could carry out at least a quarter of their work from home, while 43 per cent said the same for working from other bank branches or office locations.
But six out of 10 respondents blamed a lack of support from the top for preventing successful adoption of flexible working policies in their company.
Even though nearly two-thirds of financial institutions claim to have flexible working policies in place, only one in five retail banks and 13 per cent of investment banks have actually put such policies into practice.
BT director of finance industry solutions, Chris New, said: "Management attitude is the key to unlocking the potential of flexible working in financial services, and it is vital they recognise the value it can bring and work out how to integrate it with their business."
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