Synchrony (NYSE: SYF), a leading financial services company, has announced that all employees will be able to work from home on a permanent basis. This decision reflects the company’s firm commitment to workforce support and embracing an agile, industry leading workplace model that directly benefits employees and their families as well as Synchrony’s business fostering a conducive working environment for all.
Helps to encourage employees to offer their best at work
Centering on empathy and trust, this move helps the company widen its candidate pool, reaching out to the best talent across the country and encouraging its employees to offer their best at work without compromising on work-life balance.
From the beginning of the pandemic, Synchrony has anchored on safety, flexibility, and choice, along with expanded and innovative benefits. With business decisions that prioritize the wellbeing of employees through agile methodologies and contemporary ways of working, the company has always put its people first.
“At Synchrony, our employees are our best asset. Together, we have proven that we can do great work anywhere we work. We are committed to their success and truly believe that building a high-trust culture through initiatives that support our employees to be their best is non-negotiable. Positive and empowering work environments are the key to a happy workforce which helps us sustain a great workplace culture,” says Andy Ponneri, SVP, Business Leader India, Synchrony.
The policy will go into effect on June 27, 2022. The Synchrony main office in Hyderabad is still open to fully vaccinated employees and serves as a focal point of the company’s Engagement Strategy, where employees can come in to work or participate in engagement activities and network with colleagues.
Synchrony is launching Regional Engagement Hubs
Additionally, with the ability for all employees to work from home, Synchrony is launching Regional Engagement Hubs for virtual and in-person engagement outside of the Hyderabad area. These Engagement Hubs will provide regular connection opportunities for employees who chose to work 100 per cent from home.
Speaking on this decision, Angie Allen, SVP, Human Resources, Asia says, “Throughout the Pandemic, we have kept employees at the center of our decision making. We have learned over the past 2.5 years that employee attitudes towards work-life balance and work environments have shifted. They expect to emerge from the pandemic with options. Our New Way of Working, which centers on flexibility and choice, provides these options, such as the ability to permanently work from home, and shows that we have listened. We have no doubt that this move will support our employees, strengthen the trust in our culture, and benefit our entire business.”
Synchrony was named by Great Place to Work
Synchrony was named one of India’s Best Companies to Work For in 2022 by Great Place to Work®, ranking 19th on the list. Despite the challenges posed by the COVID-19 pandemic, this award recognises Synchrony’s efforts to foster a caring, inclusive, collaborative, and innovative environment. In addition, the company was recently named a Great Place to Work India Top 30 BFSI in 2022.
Synchrony currently celebrates over 47 per cent women diversity along with 100+ specially-abled employees and 25+ veterans and their family members as part of its workforce in India.
Ranked top 10 among India’s Best Workplaces in Diversity, Equity and Inclusion
As part of its focus towards a safer workplace for all, the company has introduced unique benefits for its employees and their families and is hiring across diversity groups for all open roles. In 2021, Synchrony also ranked Top 10 among India’s Best Workplaces in Diversity, Equity and Inclusion and Top 50 among India’s Best Workplaces for Women.
