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HSBC to let Hong Kong employees work up to four days a week at home

  • HSBC to provide up to US$322 in a one-time allowance for equipment purchases
  • Flexible roles will allow employees to choose to work remotely up to two days or up to four days a week depending on role

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HSBC will allow employees to work up to four days a week remotely, potentially reducing its costs for office space over time. Photo: Bloomberg

HSBC will allow some of its Hong Kong employees to work as many as four days a week at home as lenders embrace more flexible working arrangements following months of working remotely because of the coronavirus pandemic.

The bank, one of Hong Kong’s three currency-issuing lenders, will allow a variety of options for employees to work remotely if a staff member’s role allows them to do so, according to revised human resources guidelines seen by the Post. Any changes in work arrangements will follow a discussion with their manager.

“We are constantly looking to develop overall flexibility in how we work,” Luanne Lim, HSBC’s chief operating officer in Hong Kong, and Betty Lam, head of human resources in Hong Kong, said in a separate November 4 memo. “In recent employee exchanges and surveys, some of you have expressed an interest in a blend of in-office and home working as we adapt to new ways of working in the past year.”

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In the memo, HSBC told Hong Kong staff it would provide a one-off allowance of up to HK$2,500 (US$322) to purchase equipment for employees who commit to work at least two days a week from home and for a minimum of 12 months. Eligible items include ergonomic work chairs, computer monitors and desks.

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A HSBC spokeswoman confirmed the contents of the memo and the guidelines changes on Wednesday.
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