DBS to Allow Employees to Work Remotely for up to 40% of Time


 © Bloomberg The DBS Group Holdings Ltd. logo is displayed atop Tower 3 of the Marina Bay Financial Centre in Singapore, on Wednesday, Feb. 12, 2020. The coronavirus outbreak rocked Singapore's financial district after an infection at the country’s biggest bank prompted it to evacuate 300 workers.

(Bloomberg) -- All employees at DBS Group Holdings Ltd. will be granted the flexibility to work remotely up to 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 staff were able to work seamlessly remotely, the Singapore lender said in a statement on Tuesday. However, some expressed that they preferred a hybrid work arrangement, which allowed them to stay engaged with colleagues.

© Bloomberg The DBS Group Holdings Ltd. logo is displayed atop Tower 3 of the Marina Bay Financial Centre in Singapore, on Wednesday, Feb. 12, 2020. The coronavirus outbreak rocked Singapore's financial district after an infection at the country’s biggest bank prompted it to evacuate 300 workers.

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 one full-time role. More part-time work arrangements will also be introduced, DBS said.

To keep up with industry changes, the bank also plans to upskill or reskill more than 7,200 of its staff, of which about 4,300 are based in Singapore. Staff will be trained in areas such as design thinking, data and analytics, artificial intelligence and machine learning.

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