SBI, the country’s largest bank, has started the process of identifying functions and roles which can operate from home without affecting productivity, ET reported. A big change is underway for public sector Banks (PSBs), where compulsory physical presence in office could be a thing of the past, at least for a significant number of employees.
Other leading PSUs including Indian Oil Corp, Power Finance Corp, and Bank of Baroda have started seeing the value of work from home, which they were forced to adopt amid the Covid-19 outbreak. SBI and Bank of Baroda has started the process of identifying functions and roles which can operate from home without affecting productivity.
These companies have started providing laptops, videoconferencing app and set up the entire IT back end for 80% of its people to work from home. This will create a new work culture and environment.
This may bring the enhanced productivity, increased motivation and work life balance for the already stressed employees. The Covid-19 scenario has confirmed the belief that a good percent of administrative workforce can operate from home, thereby reducing stress on assets, while maintaining higher level of productivity.
SBI said that WFH has a big cost and time-saving advantage for companies, apart from giving more flexibility to the employees and saving travel time.State Bank of India has a total of 2.56 lakh employees and a significant percentage of employees are working from home depending upon their job profiles or necessities,” said Alok Kumar Choudhary, the deputy managing director for human resources at SBI.
They mostly include staff in corporate and regional offices.
Enabling WFH needed setting up of IT backup and putting security systems in place. Now that the companies have already put in place the infrastructure, it will be much easier to institutionalise the WFH system.
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