HSBC CEO Expects to Slash Travel Budget by 50%

The video discusses the impact of COVID-19 on work environments, emphasizing the importance of learning from the pandemic and maintaining trust in remote work. It highlights the competitive job market in banking, particularly in investment banking, and the need to adjust salaries to retain talent. The speaker also anticipates a reduction in business travel post-pandemic, opting for fewer but longer trips to cut travel budgets by 50%.

What is the speaker's view on returning to the office post-pandemic?

• Employees should not be trusted to work from home.

• It should incorporate lessons learned from the pandemic.

• The office environment should be more relaxed.

• It should be exactly like pre-COVID times.

What is the speaker's approach to employee trust post-pandemic?

• Employees will have to prove their productivity.

• Remote work will be discouraged.

• Trust in employees working from home will continue.

• Employees will be required to work from the office.

Why is there a 'talent war' in the banking sector according to the speaker?

• Because of high demand for junior bankers.

• Due to increased competition from tech companies.

• Due to a lack of qualified candidates.

• Because banks are reducing their workforce.

What is the speaker's expectation regarding business travel post-pandemic?

• Travel will remain the same as pre-pandemic.

• Executives will travel more frequently.

• There will be fewer but longer trips.

• Travel will increase significantly.

How does the speaker plan to manage the travel budget post-pandemic?

• By increasing the travel budget.

• By maintaining the current travel budget.

• By reducing the travel budget by about 50%.

• By eliminating all business travel.