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All employees of DBS Group Holdings Ltd. will be given the flexibility to work remotely until 40% of the time to address the “massive changes” brought about by the Covid-19 pandemic.
The company’s future of work task force found that more than four in five of its 29,000 employees were able to safely work remotely, the Singapore-based lender said in a statement Tuesday. However, some expressed that they preferred a hybrid work arrangement, allowing them to stay engaged with their colleagues.
The bank will also introduce a formal job sharing scheme to give greater support to employees who need more flexibility. Under the scheme, two employees will be able to share the responsibilities of a full-time position. More part-time work arrangements will also be introduced, DBS said.
To keep up with changes in the industry, the bank also plans to upgrade or retrain more than 7,200 of its staff, some 4,300 of which are based in Singapore. Staff will receive training in areas such as design thinking, data and analytics, artificial intelligence, and machine learning.
