UBS Will Allow Hybrid Work for Two-Thirds of Employees

The transcript discusses UBS's approach to recruitment and retention, highlighting its deviation from Wall Street's trend of bringing employees back to the office. UBS has implemented significant bonuses for junior employees and faced challenges with a promotional video. The bank is moving towards a more flexible work culture, contrasting with the stricter policies of US banks. This shift reflects the reality of senior managers working remotely, making it difficult to enforce office presence for younger employees.

What was one of the recruitment strategies used by UBS to attract junior employees?

• Providing free housing

• Offering stock options

• Providing free meals

• Offering significant bonuses

What was the general perception of UBS's promotional video about a day in the life of an investment banker?

• It was ignored by the public

• It was considered tone-deaf

• It was highly praised

• It was seen as innovative

What is Ralph's approach towards UBS's traditional image?

• He wants to make it more conservative

• He is indifferent to it

• He wants to maintain it

• He is trying to change it

How does UBS's work policy compare to that of US Wall Street banks?

• UBS is more strict

• UBS follows the same policy

• UBS is more flexible

• UBS has no clear policy

What has influenced UBS's decision to allow more flexible work arrangements?

• Pressure from junior employees

• Senior managers' remote work habits

• Government regulations

• Competitors' policies