There have been many theories on how companies can entice employees to return to the workplace, one being to create a welcoming environment for them. Fierce advocates of remote work tend to scoff at that advice but at least one company's experience suggests otherwise.

HSBC inaugurated its new US headquarters at The Spiral yesterday, an office building in New York City's Hudson Yards neighborhood, marking its largest US relocation to date.

The bank started to relocate staff to the new office in Februar and since then employee attendance has jumped to 80%, said Michael Roberts, CEO of HSBC in the USA and the Americas, at the opening ceremony, according to Reuters.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.