75,000 StanChart staff may adopt flexible work options permanently by 2023

The Company had undertaken surveys to find out what its employees feel and discovered that 60% are open to hybrid models of working

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Standard Chartered is gearing up to offer flexible work models to almost 75,000 of its employees across 55 markets, in the next three years. By 2023, more than 90 per cent of its 85,000-strong workforce will be following some hybrid work model, starting next year.

The Bank had undertaken an employee survey wherein it was learned that approx. 60 per cent of its staff is willing to follow a hybrid work model. The Bank had asked its employees in the UK as well as in Asia, whether they would prefer to work from home, or from some place near home or follow a mix of WFH and work from office, or whether they would want to return to their ‘normal’ office routine.

Surprisingly, while two-thirds of the workforce in Singapore was keen on a hybrid model of work, a good 76 per cent in the UK and an even higher 79 per cent in the US were keen to follow a hybrid model, that is, partly from office and partly from home.

In April itself, while 98 per cent of Standard Chartered employees in Britain were working from home, in China, most of its branches had reopened. In fact, an outlet in Wuhan was also functioning in April. Only about 30 per cent of its employees in China were working from home.