Stock impact report

Small Banks Demand Full-Time Office Work More Than Bigger Peers [BNN Bloomberg (Canada)]

Blue Foundry Bancorp (BLFY)

their smaller industry peers who are more likely to demand full-time on-site work. While just 4% of banks with 5,000 or more employees require full-time office attendance, nearly a third of the smallest banks in the cohort demand it, according to a survey of 137 US banks employing 4.4 million people from Scoop Technologies Inc., which advises firms on flex-work policy. The policy differences could be influencing where bankers want to work: The share of larger banks' new employees that are coming from smaller banks has increased to 26.8% this year, up from 22.6% in 2021, according to job-market data tracker Revelio Labs. Banks with fewer employees are also more likely to let employees chose if they come into an office at all, while the vast majority of bigger banks use some type of hybrid arrangement, where workers are on-site a few days a week. Of the 66 banks that were added to Scoop's index over the past year, none of them said they required full-time office attendance. The data Show less Read more

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4/24/24 - Beat

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Small Banks Demand Full-Time Office Work More Than Bigger Peers [BNN Bloomberg (Canada)]

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