StanChart moves to permanent flexible working

In this news, we discuss the StanChart moves to permanent flexible working.

LONDON (Reuters) – Standard Chartered STAN.L will make permanent flexible working arrangements for most employees that have been put in place during the coronavirus pandemic, he said on Thursday.

The bank focused on Asia, Africa and the Middle East said it was targeting around 50% of its markets, or around 70% or 60,000 of its employees, to be able to adopt hybrid work models from here. the end of 2021.

This would mean that these employees can choose to work entirely from home, entirely in offices, or a mixture of the two.

The bank said it wants 90% of its staff to be offered flexible work by 2023, although some will need to work full-time in offices given the nature of their roles.

StanChart’s decision to formalize flexible working habits is one of the most tangible signs from a major bank of how quickly lenders are moving to embrace new ways of working imposed by the pandemic.

With technology platforms making working from home more efficient than many lenders anticipated, they are taking the opportunity to lower the costs of expensive city real estate and support staff who prefer such arrangements.

Reporting by Lawrence White, editing by Iain Withers

Original © Thomson Reuters

Originally posted 2020-11-05 08:56:09.

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