St George announces generous staff benefits
In claiming it’s ‘good with people’, St George Bank has put its money where its mouth is by offering a set of new industry-leading staff benefits aimed at promoting a sensible work/life balance.
The following opportunities will be rolled out over the next four months:
• 13 weeks paid parental leave;
• commencing a family’s new baby saving’s account with a gift of $200;
• up to 10 weeks leave to cover for travel, study and childcare during school holidays;
• structuring salary so staff can work for four years and take the fifth year off with an income;
• flexibility in how parental leave is taken over a two-year period;
• extended part time work after returning from parental leave until child starts school;
• flexible work hours for staff over 55 to ease into retirement;
• interest free loans of up to $4,000 for green purchases such as rainwater tanks and solar hot water systems; and
• volunteer leave for involvement in the wider community and environment.
The bank’s chief executive, Gail Kelly, said it was crucial staff were able to spend time with their families and pursue their personal goals.
“We believe that offering staff additional benefits will enhance performance, increase job satisfaction and ultimately encourage loyalty,” she said.
The enhancements follow a 12-month period of renewed focus on recruitment, staff development and training.
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
