The Bank will also continue to offer all employees two hours of overtime per month to attend to their personal affairs during the working day. Eligible employees will also be able to opt for flexible working hours, starting their workday between 7:30 a.m. and 10:00 a.m. depending on their preferred working styles.
UOB Malaysia gives the majority of its nearly 5,000 employees the choice to work remotely up to twice a week after COVID-19 restrictions are fully lifted.
In a recent release Announcing the move, Bank said the permanent change was underlying his “aspiration to ensure that colleagues achieve the right balance between professional growth and mental well-being.”
The announcement follows a review of the workforce’s work models, workspaces and technological tools during the COVID-19 pandemic. Almost 60% of banking positions have been assessed as suitable for teleworking, whether at home or elsewhere than at the workplace assigned to the employee. The new arrangements are also in line with the wider sentiment of the community, where 90% of respondents across Malaysia said they expected some form of flexible work arrangement to become more common in a post-pandemic world, the Bank added.
Commenting on this, Lai Tak Ming, Executive Director and Country Manager Human Resources, UOB Malaysia, said the pandemic has transformed the way people work in the future and the concept of what constitutes a “workplace” has been fundamentally rethought. “The COVID-19 pandemic has prompted companies to make a fundamental shift from a traditional workplace model to working almost entirely remotely, disrupting the way organizations and employees operate.
“Now that the economy is starting to reopen and the country moves into the endemic phase of COVID-19, we believe the future work environment is a hybrid work model. The flexible working arrangements we have introduced will give our colleagues more autonomy to choose how and where they work.
In addition to remote working options, UOB Malaysia will continue to offer Flexi-2, which gives all employees two extra hours per month to take care of their personal affairs during the working day. Eligible employees will also be able to opt for flexible working hours, starting their workday between 7:30 a.m. and 10:00 a.m. depending on their preferred working styles.
UOB Malaysia’s decision follows the evolution of the wider organization towards flexible working arrangements. The two-day remote working agreement was first announced in UOB markets in November 2020, where a transformation of UOB’s headquarters in Malaysia was also announced and is expected to be completed in 2022.
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