Axis Bank is gearing to open its offices in three phases, post lifting of lockdown, starting from May 17. Interestingly, it plans to continue with the work-from-home or WFH culture for some time, albeit in a more structured manner.
The Bank is considering adopting the WFH model for those members of its 12,000 strong workforce who are not in customer-facing roles. In the pilot phase, it will begin with the compliance and HR departments. With time, other departments, such as risk and corporate credit will also embrace this model. In about six weeks, all the employees will be following the model, except for those in the front end of the treasury, and those whose physical presence is indispensable at the branches.
Beginning May 17, only 10 per cent of its staff will start working from offices. In the second phase, that is, July 1 to July 15, about 30 per cent of the employees will start working from the office. In the third phase, this number will go up to 60 per cent.
Keeping in mind the safety and security of transactions, those employees who are at risk of cybercrimes will not be working from home.
Axis Bank is not the only organisation to think of embracing the WFH culture in a big way. Recently, Tata Consultancy Services (TCS) had also revealed its plans to have about 75 per cent of its workforce, across the globe, working from home within the next five years.