The new policy is part of Revolut’s wider strategy towards more flexible working. In February, it announced a move towards a hybrid working model following the pandemic disruption.
Revolut will allow its employees to work from abroad up to 60 days a year as part of a major shakeup of its workplace practices.
Recently it said its 2,000+ employees have the flexibility to choose where they work - home, office or a combination of the two and that it has studied applicable corporate tax, immigration, income tax and social security regulations that allow this to include a foreign jurisdiction.
It says, however, the new policy will be temporary and has been launched to help the bank, which has 15 million customers, meet its international workforce’s requests to visit families more often and/or for longer periods.
The fintech challenger to incumbent banks, launched in 2015, surveyed its quickly expanding workforce and found 56 per cent would prefer to work from home between 4 and 2 times a week, while 36 per cent would like a 100 per cent remote policy.
Only 2 per cent said they would prefer to work from the office every day. 95% of Revolut employees responding to the surveys consider that working from home didn’t impact personal productivity or the change was positive, same for team performance, with 97 per cent mentioning no change or positive change.
This new policy, allowing cross border working, once travel restrictions are lifted is part of Revolut’s wider strategy towards more flexible working. In February, it announced a move towards a hybrid working model following the pandemic disruption.
Jim MacDougall, VP of People at Revolut, said: “Once countries start to lift travel restrictions or slowly move away from lockdowns, after over a year behind closed doors, we believe this new policy will be a huge success among Revoluters. As we’re eliminating frontiers within financial services, it made sense to align our internal policy with our product mission. Our employees asked for flexibility and that’s what we’re giving them as part of our ongoing focus on employee experience and choice”.
Revolut says it is currently repurposing all its offices as “flexible collaborative spaces”.