The policy, one of the first of its kind in corporate India, is aimed at improving employee wellness and productivity and applicable to about 9,500 of its 11,000 employees, group chief HR officer Niren Srivastava told ET. The new rule is extended to all employees from the level of senior managers and below.
To ensure effective and uniform implementation of the “switch off from work” policy, the broking house will shut down its email servers and employees will be logged off from sending or receiving emails, both internally and externally, after a 45-minute grace period after the shift hours that will be given to wrap up the day’s work.
Also, employees who stay in office beyond their work schedule or shift-time — and the additional 45-minute grace period — will be asked to vacate the office premises.
“We believe that it is not the number of hours which matters, but what matters is the employees’ peace of mind, satisfaction, wellbeing and productivity,” said Motilal Oswal, the group managing director and CEO. “We are firm on seeing it through to its successful implementation. This policy is essential because it gives our employees the freedom to put their health and wellbeing first.”
Admin and HR teams are entrusted with ensuring compliance across all offices.The batch of people excluded from this new rule are the top executives and employees from private equity, asset & wealth management and investment banking “who have their own work schedules”, said the CHRO. Also, flexibility will be extended to all business units for exceptions based on specific business requirements.“What matters is the productive hours. A human brain gets saturated beyond 8.0-8.5 hours, and we should not undermine the added commute time. Our philosophy is we expect people to come on time and leave on time,” said Srivastava. “Work starts essentially when one leaves home and ends when one reaches back home, so organisations also need to factor in the 3-4 hours travel time that people sometimes spend in Metro cities,” he said.
“In the next phase, the policy will extend to restricting access to business specific applications during designated ‘switch-off’ hours. This will be tailored to role mappings and in consultation with respective business teams,” said Srivastava.
The company has implemented the policy after discussion and agreement with respective CEOs and department heads. HR teams are also sensitising managers about it.
“We have a mechanism in place to do dipsticks on how this is working for both employees and management and welcome all escalations/concerns of any,” added Srivastava.
“Switch-Off” from Work Policy aimed at
- Nurturing physical, mental, emotional wellbeing of employees
- To enhance employee productivity; enable time for personal pursuits
What does the policy entail?
- Email servers to be shut and employees logged off from sending or receiving emails post shift hours
- Employees staying in office beyond shift time will be asked to vacate premises
- Admin and HR teams to ensure compliance across all offices