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Singapore – DBS Bank to allow employees to work from home up to 40% of the time as it adopts hybrid model (South China Morning Post)

19 November 2020

DBS, Singapore’s biggest bank, said it would allow all of its employees to work from home up to 40% of the time as it became the latest bank to reconsider its staffing model in light of its experience during the coronavirus pandemic, reports the South China Morning Post. Following a six-month examination by an internal task force, Piyush Gupta, DBS’s chief executive, said the lender would “radically transform” its structure by adopting a hybrid working model that allows employees to work remotely or in the office, creating more flexible work arrangements through job sharing and retraining 7,200 employees in data analytics, artificial intelligence and other emerging areas of technology. DBS said four out of five of its 29,000 employees indicated they were able to work seamlessly remotely. However, the bank opted for a hybrid approach after employees indicated staying engaged and connecting with colleagues was challenging.