HSBC offers staff cash incentive to 'convince a colleague'

HSBC is offering £2,500 ‘sweeteners’ to employees who convince colleagues to move from the bank’s current UK HQ in Canary Wharf to Birmingham – Guardian reports.

The bonus scheme, offering payouts from £750 to £2500, dependent on the seniority of the relocating employee, was created as Britain’s biggest bank struggles to entice staff to relocate northwards.

Just over half of the required 1,040 employees have agreed to relocate to the new centre of the bank’s UK operations. HSBC has already attempted to make the move attractive to its employees by offering housing and schooling support.

António Simões, HSBC’s Chief Executive, explained that it was “trickier” than expected to convince some specialists to make the move.