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SBI to upgrade existing work-from-home policy to work-from-anywhere

SBI to upgrade existing work-from-home policy to work-from-anywhere

In a bid adjust to the new challenges posed by COVID-19 pandemic, State Bank of India is in process of upgrading its existing work-from-home policy to work-from-anywhere.

 

According to SBI's annual report, apart from rapid adoption of digital technology, the focus of the bank in the days ahead would be on revisiting risk assessment and business procedures. 

 

"For instance, likely job cuts and salary reductions will have relatively low level of stress on account of higher proportion of Govt/ Quasi Govt sector customers," the report quoted SBI Chairman Rajnish Kumar as saying.

 

"With global acceptability of Work-from-Home (WFH) arrangements, the Bank is in process of upgrading its existing WFH policy to Work from Anywhere (WFA).

 

"Productivity tools and technology are in already place to perform administrative work remotely," Kumar said in the report.

 

The lender further stated that WFA facility has already been implemented across 19 foreign offices and soon domestic operations will also be covered. This is anticipated to drive down the operational cost for the Bank, besides ensuring better motivation and productivity for employees.

Do you think hybrid work arrangements would be a common feature of the workplaces going forward?

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