Zopa Bank has introduced a policy that enables its 600 employees to work from another country for up to 120 days a year, effective immediately.
With no change to workers’ compensation, the bank has suggested 13 locations across Europe, North America and Asia, including Spain, Greece and Portugal, which they could work from.
According to Zopa, the workplace flexibility and benefits policy gives employees the opportunity to embrace life experiences and adventures for personal growth. Before introducing these investments to its people proposition and reward offering, it used an evidence-based approach and extensive feedback process that lasted six months to find out what was “unique and highly meaningful” for its employees.
The bank has also introduced a range of benefits for staff, including 16 weeks of fully paid maternity, pregnancy, paternity and adoption leave regardless of family, gender, or relationship status, three weeks of fully paid bereavement leave, flexibly split as needed, two days for the loss of a pet, and flexible bank holidays.
It has also started offering an electric vehicle scheme, where staff can save up to 40% to access the lease for a green vehicle via the Zopa salary sacrifice scheme, a health cash plan, training and support for women going through menopause, and the option to sell up to five days of annual leave per year.
Helen Beurier, chief people officer at Zopa Bank, said: “The world of work has undergone unparalleled change, demanding greater flexibility and the increased desire to feel that our work is meaningful. Our employees now look for jobs that come with the flexibility to support their life goals. We believe this policy will be a huge success, as it will enable our people to experience a full and rewarding life with incredible learning and development opportunities.”