ANZ announced a new ‘loyalty leave’ program, offering five weeks’ paid annual leave for staff that have more than three years’ consecutive service.
It was part of ANZ’s focus on improving staff wellbeing and engagement, as well as attracting and retaining talent.
It will be offered to staff in 24 other countries across the ANZ network.
Kathryn van der Merwe, ANZ Group Executive, Talent & Culture, said employees had told them they wanted more flexibility in their work/life balance.
“Regular annual leave is essential as it allows our people to spend time doing what’s important to them personally, as well as to rest and recharge to ensure they are able to deliver great results for our customers,” van der Merwe said.
“While we considered a number of potential enhancements to various employee benefits, annual leave is a ‘core’ benefit that is relevant to all permanent employees, regardless of seniority, gender, or status as a parent.”