Bankers working remote had fewer misconduct flags: study

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Bankers are much more likely to engage in misconduct when they work from the office — not from home, study says

Considering misconduct in securities trading could result in massive financial penalties, the authors state that working from home likely had a positive financial impact on the bank, and provides benefits to the business other than previously documented benefits likeThe researchers analyzed how many"alerts" the employees generated, divided into two groups for the bank: communication alerts, which flag potential problems in employee emails and online chats with their colleagues, and...

Prior to the pandemic, the researchers estimated that over the course of a typical year — about 220 working days — an in-office employee had a 35.6 % chance of generating at least one alert. The group of workers selected to work from home, about 53% of the total employees in the sample , were also found to be less likely to trigger alerts prior to the pandemic. The researchers said the bank did not say it intentionally picked traders with less alerts to work from home, but they concluded it may have played a role in who was allowed to work from home.Subscribe to push notifications

 

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