Business

DBS says employees need to work in the office to develop the corporate identity

SINGAPORE: DBS Group Holdings Ltd CEO Piyush Gupta said employees sometimes need to work from the office to develop the corporate identity.

“You need to build the company spirit, and it’s very difficult to do that if everyone is always operating from somewhere else,” Gupta, who runs the largest bank in Southeast Asia, said in an interview with Bloomberg TV.

“So you need to bring in people from time to time.”

Gupta’s comments on the benefits of working from the office echo remarks from his global counterparts including Jimmy Dimon of JPMorgan Chase & Co, who said that working remotely for too long could reduce productivity, and Barclays Plc CEO Jess Staley who expects the resident bankers to return. Home pretty much. Their offices this year.

DBS said in November that all of its employees will be given the flexibility to work remotely up to 40% of the time to address the changes wrought by the Covid-19 pandemic.

The bank said at the time that more than four in five of the bank’s 29,000 employees were able to operate seamlessly remotely.

However, Gupta said companies are stronger when employees are also in the offices.

“At the end of the day, if you want to be a company, you need to align the goal, align intentions, and you need a common culture,” he said.

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