While few companies pushed the employees to return, companies like Robinhood markets inc. Allows its employees to work remotely permanently, and the company does not require its employees to come on-campus regularly. But limited exceptions would apply to the new strategy because some teams may be required to live within commuting distance of an office for regulatory or business reasons.
“With our primarily remote approach, we provide employees with the flexibility they need to work where they are most comfortable and productive whenever we can,” Robinhood said in the statement.
Robinhood said it explores technology to smooth out collaboration among employees working in offices and at home. Robinhood considers itself a technology company. It is walking in the footsteps of other tech companies such as Coinbase, Okta, Shopify, Microsoft, and other Meta platforms that give their employees flexible work options.
Robinhood is expanding its technological capacity to facilitate this shift. The company is also developing programs to address work-from-home difficulties for underrepresented groups.
The California-based company announced its plans of remote work culture last month by adopting the same over a while through a hybrid plan. But, due to regulatory and business reasons, specific teams will need to reside within commuting distance of an official site, and a tiny segment will still need to work from the office, according to Robinhood. It has no plans to change the wage structure of its employees.
A significant portion of Robinhood’s staff will have a “location or regular in-office need,” and teams will gather in-person “for crucial experiences and moments that encourage connection and innovation” occasionally. Specific groups will be forced to commute to the office site “due to regulatory and business reasons,” and will still require a small percentage of workers to come in.
Robinhood: “Our teams did amazing work during uncertain times and created a supportive workplace community. We’re thrilled to provide them with the flexibility and freedom they need by remaining primarily remote.”