Earlier this year, Yahoo CEO Marissa Mayer made waves by announcing that her employees could no longer telecommute. The Telework Research Network estimates that over 3.15 million people consider home to be their primary place of work. Working remotely is extremely popular in financial services. According to Gartner, banking and financial services is the second largest sector, after business services, for telecommuting (financial services is tied with retailing/wholesaling in the No. 2 spot).

Many banks have had longstanding telecommuting programs. Bank of America started its flexible work program in 2005. State Street has allowed some of its workers to telecommute for a number of years. Not only are there benefits for employees, but the institutions see benefits as well. Banks and their workers agree that institutions that allow remote work have higher productivity and employee satisfaction. Read full story on Wall Street & Technology

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