Permission to Work from Home (WFH)?
Employer cost savings & employee preference takes back seat to governance & oversight
Access our Purple Paper now
Discover how AI…
- Improves employee competency by, on average, 71% – helping you to improve core business KPIs.
- Reduces annual refresher training by up to 75%, combats compliance fatigue and loss of peer-to-peer learning.
- Automatically repairs competency deficits daily in less than 1 minute 47 seconds, in the flow of work for every employee – with no disruption to BAU.
On the 11th of October 2021, the Financial Conduct Authority (FCA) announced that financial firms will be required to “prove” that remote working does not or is unlikely to cause detriment to consumers, damage the integrity of the market, increase the risk of financial crime, and reduce competition.
With the FCA also asserting that existing firms, those applying to be regulated, and those proposing to summit further applications in relation to working remotely will be evaluated on a case-by-case basis, firms must now “prove” that there are satisfactory plans and systems in place to maintain appropriate governance and oversight of their employees, demonstrate an appropriate culture is being sustained, and that they have considered the impact and effects on employee training and competence.
The key word, of course, is just how are firms going to “prove” it? Because if you cannot, you may find the FCA denying your application to make WFH permanent and insisting that your temporary measures be materially improved.
Download this Purple Paper to discover why firms like Aviva are already ahead of the game (and winning multi-national awards) using AI to support every employee regardless of location, as an individual – in the flow of work – and at scale, to evidence and optimise knowledge and competency and, of course, “prove” it when required.