November 30, 2021

South Africa’s biggest banks are making a work-from-home shift

Commonplace Financial institution chief government Sim Tshabalala says that the financial institution is ready to maintain a work-from-home technique in place for a lot of the subsequent 12 months.

Presenting the Commonplace Financial institution’s interim outcomes not too long ago, Tshabalala stated that the financial institution’s focus is on protecting its workers secure and effectively. This implies many staff will proceed to do business from home for the rest of 2021.

Commonplace Financial institution forecasts that the nation’s vaccination rollout will achieve momentum within the coming months, enabling extra staff to return to regular working.

Nonetheless, Tshabalala stated that the financial institution, which employs in extra of 45,000 individuals, is ready to proceed engaged on a hybrid foundation in 2022.

In step with a continued push in direction of digitalisation, Commonplace Financial institution has additionally continued to rationalise its branches and workplaces, considerably chopping down on flooring house.

The financial institution has additionally seen a regular headcount decline since 2016 – which it attributed primarily to pure attrition and department rationalisation.


Nedbank has additionally knowledgeable workers of a deliberate shift in its workforce construction, with a variety of staff set to proceed working from residence after the Covid-19 pandemic has subsided.

In a discover despatched to a variety of staff on the finish of June, the financial institution stated that it envisages a ’60/40 break up’ which is able to see solely 60% of workers work from one among its campuses on any given day.

In an emailed response to BusinessTech, Nedbank stated that the change is in step with its ‘digital-first and first in digital’ aspiration. “Nedbank has been on a journey over the past few years, rethinking its operating model and ways of working to keep up with the changing world and world of work,” stated Deb Fuller, group government of Human Assets.

“Subsequently, Nedbank has gradually introduced new Ways of Work and incorporated flexible work practices.”

Now, as a result of Covid-19, many Nedbank staff are already performing some type of distant work, she stated.

“This has given Nedbank an opportunity to accelerate its aspirations, scale its digital workplace in a way that delivers the greatest value for all stakeholders, as well as formally adopt a hybrid workforce model.”

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