LONDON - Standard Chartered plans to offer flexible work options to more than 90 per cent of its 85,000 staff over three years, a sign of how pandemic crisis management is leading to long-term change in the role of the office.
The London-based company is also in talks with a third-party firm to provide"near-home" workspaces for staff, according to a memo seen by Bloomberg News. The plan follows a survey of staff in the UK and Asian hubs that asked whether employees preferred to work from the office as usual, switch to work-from-home or near-home options, or split their time between different venues.
"While we have been thinking through the issues around future workplace for some time, it's inevitable that recent events provided a catalyst," Tanuj Kapilashrami, the bank's head of human resources, said in the memo.Standard Chartered said about 60 per cent of staff surveyed in this first phase have accepted its offer for some form of hybrid work.
Deutsche Bank chief executive officer Christian Sewing said in September that the German lender was examining how employees could split their time between the office and home. Other lenders looking at similar moves include Mizuho Financial Group and Fifth Third Bancorp as banks see the opportunity to shed expensive city-centre locations.
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