Deloitte has announced a flexible public holiday system.
Deloitte has announced that its 22,000 UK people can choose when they take public holidays, while all new and recent joiners will get up to £500 for office equipment to properly support them whilst working from home.
Deloitte says the move on public holidays – which means staff can choose to work on a public holiday and take a day off on another day – is part of its new approach to flexible and hybrid working.
Managing Partner for People & Purpose Jackie Henry said: “Our new approach means that our people can choose to take public holiday leave on the dates that are most meaningful to them, in addition to their contractual and purchased holiday allowance. They are still entitled to take public holidays on the days they fall, or they can take these days off at a different time of the year if they prefer.”
Deloitte says its hybrid working model has changed the purpose of its offices with the focus now on collaboration, connection and networking. It is introducing new work settings and technology to make it easier for people to work together and with clients. These spaces will be supported by additional high-quality audio and video, including 360-degree cameras to create a more inclusive way of working, regardless of location.
Meanwhile, a study by PwC and the Financial Services Skills Commission estimates that over a fifth of City finance jobs are at risk of being made redundant by 2025. Automation and changes to the way businesses operate could see 230,000 industry workers lose their jobs, the report warned. However, it also found that firms could save as much as £115m between now and 2025 if they invest in retraining current staff to meet new demands rather than axing jobs and hiring new employees.