Health insurer Nib to pay its staff $1200 to WFH

One Aussie company has taken flexibility to the next level, offering staff an annual payment to work from home instead of in the office.

Australian health insurer Nib is rewarding their staff for working from home, giving them an extra $1200 a year on top of their salaries to go towards the cost of remote working.

The “disruption” of the pandemic has helped the company to embrace a radical change to the way people work.

The company is encouraging its 1200 employees to work from home at least four days a week, with staff only required to come into local office hubs for team meetings, training or social events.

New employees will also receive a one-off reimbursement of $300 to help them set up their workstation at home.

A survey of Nib’s workforce showed that 79 per cent of employees agreed that working from home enabled them to do their best work.

Employees said they did their best work when they were at home. Picture: iStock

Nib’s chief people officer, Martin Adlington, said its new working policy reflected the health

insurer’s approach to the future of work following the upheaval of the pandemic.

“While nobody celebrates the misery and disruption caused by Covid-19, it has presented a unique opportunity to us to re-think old work practices and design principles and ultimately redefine work at Nib,” he said.

“We are very conscious however that the past 18 months is not reflective of the ‘norm’ with varying lockdowns and restrictions across the country impacting our employees’ ability to come together regularly, and we will be constantly tweaking our approach to ensure its fit for purpose once restrictions ease.”

Employees can come to an agreement with their manager on what works best for them in terms of hours and location, he added.

“For example, one person might start work earlier, so they can do the school pick up. For another, it may suit them to start work later, so they can be active in the morning,” he explained.

“By doing this, we hope to tap into much larger talent recruitment pools with the idea that our flexible working approach will become a drawcard for potential candidates. Our teams are starting to be made up of a mix of people from all different locations which is great for encouraging diversity of thought.”

Nib workers can also choose when they work their hours. Picture: NCA NewsWire / Paul Jeffers

Aussie company ditches the office for good

Another company, Yellow Pages publisher Thryv Australia, which has been in operation for 140 years, has scratched the office altogether with its 500 staff set to work from home on a permanent basis.

It previously occupied two levels in a Melbourne CBD office and although it has almost three years remaining on the lease, it will now sub lease the office space.

“What we learned during the pandemic is that we can operate with a high degree of productivity when employees work from home,” Thryv Australia chief executive John Allan told the Australian Financial Review.

“People told us they were happy to work from home, and it made us rethink our whole way of working.”

Two all company events will be held each year in Melbourne with interstate staff flown in, making Qantas and accommodation providers the “big winners”, Mr Allan added.

The YellowPages publisher will now have staff working from home permanently. Picture: iStock

Coming to the office a few times a year

Back in April, Australian tech company Atlassian announced it would only require staff to come into their nearest office four times a year.

More then 1000 Atlassian employees have moved since the pandemic, while 1500 new hires have also been made.

Billionaire co-founder and co-chief executive Scott Farquhar said the $80 billion tech giant’s working from home policy was crucial to allow the company to tap into talent outside of Sydney and give people around Australia access to high paying tech jobs.

“So there are some businesses that said work from home two days a week but what that means is you can live in Sydney or maybe the Central Coast or stretch it out to Wollongong, but it’s not tapping into people in regional Australia or Brisbane, Melbourne or Perth,” he told news.com.au at the time.

The 5700 Atlassian employees around the globe can use into its ‘Team Anywhere’ policy and work from any location in a country where it has a corporate entity, where they have legal work rights and the time zone aligns with teams members.

Mike Cannon-Brookes and fellow founder of Atlassian, Scott Farquhar will only need staff to come into the office four days a year. Picture: Supplied

Another Aussie tech giant recently followed in Atlassian’s footsteps.

Workers at Australian graphic design company Canva will only have to show up to the office eight times a year under a “radical” new flexibility policy.

It applies to all Canva’s staff including at its Melbourne, and Sydney offices in Australia, its Austin office in Texas, US, its Wuhan and Beijing hubs in China as well as a Manila office in the Philippines.

Canva’s 2000-strong Australian workforce now have the choice to basically work from home, permanently.

“We’ve all been going through a bit of radical change the last 18 months,” Canva co-founder Cameron Adams said in September.

“We’ve been using that time as a period to experiment. Some of it has been forced on us, of course. But over that period we’ve really enjoyed the flexibility.”

Canva co-founders Cameron Adams, Cliff Obrecht and Melanie Perkins staff worldwide will only have to come in eight days a year. Picture: Supplied

Ditch the 9 to 5 grind

Flexible working hours is also becoming more commonplace.

The Australian branch of financial services company Deloitte introduced a policy in July that dumped the 9-5 work week for good.

Under a new “flex” policy, staff at Deloitte can design their work week by setting their own hours.

In all, there are 12 new “flex rules”, which includes employees getting one paid wellbeing day off per year and being able to swap public holidays for cultural or religious days.

More paid leave options are available for Deloitte workers who “support local communities” by doing things such as donating blood, helping not-for-profit organisations or volunteering in the emergency services.

Some companies are making staff take puts to WFH permanently. Picture: iStock

Working from home pay cuts

Working from home is a work perk equal to a seven per cent pay rise, an Australian Productivity Commission report revealed, which found that some employees would be willing to take a pay cut in return for working from home permanently.

But the Commission warned that working from home during the Covid-19 pandemic is putting staff at greater risk of “burnout’’ or “slacking off”.

However, it found that most workers save an hour a day, on average, in commuting time when able to work from home and would choose to go to the office just two or three days a week.

Productivity Commission chairman Michael Brennan said 40 per cent of Australians workers are working from home during the pandemic, compared to just 8 per cent previously.

Over in the US, Google employees who continued working from home faced cuts of up to 25 per cent from their salary.

Staff at Silicon Valley start-up Stripe said in September that workers who moved to work elsewhere permanently would get a one-time bonus of $US20,000 ($A26,000) – but also a permanent salary cut. Many of the company’s 4000-plus workers took the deal, which saw their salary slashed by 10 per cent.

Originally published as Health insurer Nib to pay its staff $1200 to WFH