We are helping employees affected by our offshoring program build new careers outside the bank. More than $180,000 in training grants have been approved to help retrain employees in Australia and New Zealand whose roles have been transferred to our technology and operations centre in Bangalore, India.
For this innovative program, we have committed up to A$10m to our New Career Training Fund which offers impacted staff grants for vocational training of their choice, up to $10k per person. A Committee comprising representatives from ANZ, the Finance Sector Union in Australia and FINSEC in New Zealand assess applications and disperse monies from the Fund.
Commenting on the Fund, Group Managing Director Human Resources Susie Babani said: “Our priority, of course is to find impacted employees another role within ANZ. However if we cannot place them in an alternative position or they do not wish to stay at ANZ, we are now helping them re-train for a new career.
“These grants are turning what can be a challenging situation opportunities for our staff.
“Some are using the funding to build on the expertise they developed during their time at ANZ. Others are changing direction completely and acquiring skills for a new work life in areas such as nursing, aviation and photography.”
A Past Employee Care Fund, also established this year, offers one-off cash grants to retrenched employees in the event they face financial difficulty where they are unable to meet immediate living expenses after leaving ANZ.
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