Most of the employees of the Canadian Imperial Bank of Commerce will continue working from home at least till September, 2021. Post September, the Bank will follow a mix of remote work and work from the physical office.
Last month, it had extended the remote working arrangement to June, and now it has extended it further to September 2021, considering the rising COVID cases in Canada.
In Ontario, new restrictions have been imposed with effect from April 7, requiring people to stay at home.
Senior leaders of CIBC are in the process of discussing ways to ensure that their teams stay engaged and connected. Going forward, the time spent by employees at the office will depend on their positions or roles, the nature of work and productivity levels. It will vary from team to team with a balance being struck between onsite work (work from physical offices) and remote work. While some employees may be able to work 100 per cent remotely, others may be working entirely from the physical office and yet others will be following a mix of both models.
The Bank has been working to make the workplace more agile and flexible for some time now. It hopes to stick to its plans to build the second tower at CIBC Square.
Depending on the directives from the government, and the protocols set by health agencies for safety of the population, the Bank will consider getting its employees back to work from physical offices post September 2021.