Since the start of September, Investec staff have been able to relax their dress code at work and can also choose to take unlimited holidays.
The main factor is trust. Investec hopes that their investment in employees’ well-being will be rewarded with responsibility and gratitude from staff, reports the South African.
“An organisation that is bound by policy, that restricts and constrains people through time and dress is a very limiting environment.”
This is what Lesley-Anne Gatter, head of Investec SA’s human resources, told Business Insider South Africa.
The move is a growing trend across the pond, in the US. Staff who embrace the new perks will be paid according to their output, reports Business Day.
The flexible hours will only be available to employees who are meeting targets. Those who are achieving their goals on a regular basis are being rewarded, the company says.
- Employees are limited to 10 days at a time.
- Staff are paid “according to output”, rather than hours of work they clock-up
- Innovative thinking will be rewarded
The informal dress code will offer employees the freedom to choose outfits based on their meetings for the day. Gatter says it’s a “dress-for-your-day” approach and not a “dress down” policy.
Now employees can show up in shorts and T-shirts, depending on who they are meeting for the day.