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We live in your world - September 2010

We live in your world - September 2010

Training fund builds new careers

Training fund builds new careers

More than $640,000 in training grants have been provided in the past twelve months, as part of a package of initiatives to help staff in Australia and New Zealand build new careers.

Launched in partnership with the Finance Sector Union (FSU) in Australia and FINSEC in New Zealand, the initiatives to support staff affected by offshoring include:

  • Committing up to A$10 million to a New Career Training Fund to help impacted employees find new jobs and career success outside ANZ.
  • Improving processes to support higher rates of redeployment and retraining for roles within the bank to minimise redundancies.
  • Establishing a Past Employee Care Fund to help eligible individuals facing a period of financial hardship after leaving ANZ.

David Cartwright, ANZ Chief Operating Officer said, "Our business, like all businesses, will continue to grow and change, particularly as we seek to expand our presence in Asia.  In this environment, we have responsibility to support all our staff including those impacted by our offshoring decisions.

"For staff that elect to leave ANZ, this package of initiatives is helping them to re-build and re-direct their careers. People are retraining as nurses, teachers and photographers.

"For staff who wish to stay, we have improved our processes and in doing so have achieved strong redeployment rates.

"Since October 2009, around 80% of staff who express a wish to stay at ANZ have been redeployed in other roles within the bank," David said.

Gulab Nawani has traded his former role in customer service with ANZ for a new career as a nurse. After receiving a New Career Training Grant, Gulab enrolled at Whitireia Polytechnic in Wellington, New Zealand to complete a Bachelor of Nursing – fulfilling a long-held desire to work in health.

"I have wanted to be a nurse for some time, but I had a good job at ANZ and a mortgage, so it was not possible to leave work and study," Gulab said.

"When my role with ANZ was offshored, I thought, now is the time to jump in and look at something like nursing. Nurses are in demand everywhere, so it’s a career choice with great employment opportunities.

"Even though it was initially very stressful, slowly things started to settle down and now I am working towards a new career to support myself and my family," Gulab said.

Gulab is one of more than 90 former ANZ staff now pursing a range of vocations after receiving a New Career Training Grant.

Twelve former staff members, affected by offshoring, have also been supported by the Past Employee Care Fund which provides one-off cash payments of up to $15,000 to help staff work through a period of financial hardship after leaving ANZ.

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