Bank of Ireland gives a green signal to the new hybrid working model. According to this new model, employees will be able to work from the central office and also from remote locations.
The bank expressed that employee surveys revealed that 91 per cent of the workers preferred a flexible working model even after the pandemic. In the first quarter of 2020, around 3,500 employees of the Bank of Ireland were working in combination of on-site and remote work setting.
Bank of Ireland plans to quit its leased headquarters on Mespil Road in Dublin 4 by the end of this year as the financial institution prepares for most of its staff to work remotely after the pandemic.
How Does the New Hybrid Working Model Work?
According to the new hybrid working model, office space will be used for collaborations and meetings.
“Rethinking the traditional office model has been a key part of our vision for the future of work at Bank of Ireland. Through that work, we’ve been changing what it is like to work at the Bank for a number of years. Covid-19 has accelerated that change. Things won’t go back to how they were at the start of 2020. We are going to see less of the old way of doing things, like travelling through rush hour to do something at the office that could easily have been done from home.”Matt Elliott, Bank of Ireland’s Chief People Officer
By the end of 2021, their plan is to have and utilize a network of 11 remote working hubs will be designated for those who want to work outside the office.
The existing four hubs at Gorey, Mullingar, Dundalk and Naas have been in operation pre-2020. Two recent hub locations at Balbriggan and Northern Cross also open and ready for use. Five more are planned to start operations by the end of 2021. They’re located in Swords, Blanchardstown, Santry, Newbridge and Newlands Cross will be open by the end of the year.
“Our network of remote working hubs will provide a real alternative to time and energy sapping commutes. The central office still has an important but different role to play – with large office buildings being redesigned to facilitate meetings and collaboration. The introduction of a hybrid model also increases accessibility to employees or applicants for roles based around the country and outside urban centres and to those who have caring responsibilities in the home. Ultimately, it offers much more flexibility and choice, blending home and office working with less commuting time and cost and a greater work-life balance.”Matt Elliott, Bank of Ireland’s Chief People Officer
Ireland is taking a lot of steps to ensure that the new hybrid working model is established as smoothly as possible. The employees will enjoy a better work-life balance for sure. With time, we will know how all of it actually pans out . For now, it surely is a win-win situation!
Subscribe to Think Remote for the latest news, tips and stories from the remote work world!