DBS floats remote work option for employees

It will be launching a job-sharing scheme for two workers to fill a full-time role.

DBS will be allowing its employees to work remotely for up to 40% of the time, in addition to other initiatives in an effort to embrace the future of work, a statement read.

The bank will be implementing a formal job-sharing scheme which will enable two employees to share the responsibilities of one full-time role. Employees on this scheme will retain all existing medical benefits in full and continue to be covered under the bank’s insurance plans.

DBS will also be trained on skills such as design thinking, data and analytics, AI, machine learning and agile practices. In addition, it will accelerate its transition to operating models characterised not by conventional functional departments but by project-specific data-driven squads formed with members from different functions and relevant areas of expertise.

Moreover, DBS will further reconfigure its workspaces to enable greater collaboration and ideation. The bank will also be launching a 5,000-square foot ‘Living Lab’ that aims to blend the best of physical and virtual work space configurations.