ANZ employees' annual performance reviews and bonuses will be linked to office attendance, according to a report on the Australian Financial Review website. The policy is akin to that of Suncorp Group and Origin Energy, which earlier took these measures to discourage staff from working from home.
"Working in line with ANZ’s expectations for hybrid working, as well as any specific commitments within your team, is just like any other behavioural expectation at ANZ. This means if you don’t meet the standards expected, it may factor into your performance rating and PRR
ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.
Employers have been in a standoff with staff over a hybrid workplace policy. But a recent ruling from the Fair Work Commission—an independent Australian government agency responsible for regulating workplace relations, including wages, work conditions, and staff rights—backed bosses' rights to get workers back to the office post-pandemic.
National trade body, the Finance Sector Union, has slammed ANZ’s anti-work-from-home policy.
“This is a significant announcement that is going to disrupt the lives of thousands of ANZ colleagues and put future performance outcomes at risk,” it said in a statement on Wednesday.
(Edited by : Ajay Vaishnav)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Prajwal Revanna's father in custody for alleged kidnapping and sexual abuse
May 4, 2024 7:53 PM
Delhi, Indore, Surat and Banswara — why these are the most challenging domains for Congress internally
May 4, 2024 1:53 PM
Congress nominee from Puri Lok Sabha seat withdraws, citing no funds from party
May 4, 2024 12:00 PM
Lok Sabha Polls '24 | Rahul Gandhi in Rae Bareli, why not Amethi
May 4, 2024 9:43 AM