News
David Woods, 09 Nov 2010
Royal Bank of Scotland believes a diverse workforce is key to the success of its business. One way this is reflected is in the creation and development of policies that help more women succeed in the workplace and in establishing a working environment they will want to remain in for the long-term.
Awareness of what is on offer is key. The aim is to keep all its work-life balance initiatives at the forefront of employees’ minds. It is important that everyone has a good knowledge and understanding of the opportunities that are available,so that as many as possible benefit.
RBS's corporate banking division launched back-up childcare for its working parents three months ago and it has been a tremendous success. Interestingly, according to the statistics that the bank has seen to date, 50% of the registrations for back-up childcare are men in the division. The organisation is now launching a nationwide back-up childcare plan by providing access to a network of 500 nurseries and play schemes across the UK.
In April 2010, RBS ran an initiative to promote flexible working within its corporate banking risk function. Through this scheme, it established that of the 845 employees in the function, 25% already had flexible working arrangements in place. In the course of the pilot initiative, a further 76 applications (9%) were received from employees. Of these, 73 were immediately accepted. While the three remaining requests couldn't be accommodated due to operational business needs, alternative solutions were provided, which were acceptable to those members of staff.
These are the flexible working policies Royal Bank of Scotland offers:
Leave
Working from home
The company is able to provide….
Childcare
Back-up childcare scheme has been rolled out in Corporate Banking Division (CBD), GBM & Wealth Management. The service offers each permanent employee up to 20 days of free back-up childcare per year
Launched in London, the figures from the first three months within CBD are:
Three main reasons for use:
Success has meant the organisation is rolling out nationwide later this year
Successes of flexible working
Challenges of flexible working
Wendy Butler, HR director for RBS’s Corporate Banking Division, which has just under 17,000 employees.
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