New work from home option for ICICI’s women employees - Hindustan Times
close_game
close_game

New work from home option for ICICI’s women employees

Hindustan Times | By, New Delhi
Mar 08, 2016 07:03 PM IST

India’s largest private sector lender ICICI Bank on Tuesday launched an initiative -- iWork@home -- to allow its women employees, the option to work from home.

India’s largest private sector lender ICICI Bank on Tuesday launched an initiative -- iWork@home -- to allow its women employees, the option to work from home. This allows women who may need to be at home either during pregnancy or childcare, to work from home for a period of upto one year.

ICICI Bank CEO and MD Chanda Kochhar says there’s need for robust support system to ensure women do not quit the workforce(HT Archive)
ICICI Bank CEO and MD Chanda Kochhar says there’s need for robust support system to ensure women do not quit the workforce(HT Archive)

Employees will be provided access to their required operating systems in a safe and secure manner, thereby creating a seamless office-like environment.

Hindustan Times - your fastest source for breaking news! Read now.

According to a study, undertaken by the bank about a year ago, two-thirds of the women employees quit their jobs for constraints arising out of maternity and childcare needs.

Women opting for this programme can even seek an extension of the work-from-home period beyond one year. However, extension will be granted to only on careful consideration of performances.

Besides this, the bank will also bear the costs for children and their caregivers when women managers have to travel out on business.

“Lack of support system due to predominance of nuclear families, inadequate infrastructure facilities like crèches and long commute time further accentuate the problem. To ensure that the women do not leave the workforce, there is a strong need for a robust support system, both at home and at work,” Chanda Kochhar, managing director & CEO, ICICI Bank said.

Although women form 48% of India’s population, their representation in the workforce is much lower than men, Kochhar added.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On