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‘Not about productivity’: Bendigo Bank boss orders staff back to office for ‘mental health’ in leaked video

The boss of a major bank has sparked outrage after revealing the real reason for ordering staff back to the office in a leaked video.

Bank boss reveals reason for WFH crackdown

EXCLUSIVE

Bendigo Bank’s boss has sparked outrage after ordering staff back to the office for their own “mental health” while admitting “it’s not about productivity”, leaked video shows.

As with rival CommBank and other firms seeking to wind back Covid-era work-from-home policies, Bendigo has told employees they must spend at least two days in the office each week starting from next month.

Marnie Baker, managing director of Bendigo and Adelaide Bank, made the comments about the return-to-office policy during an internal staff livestream on Tuesday to discuss the company’s record earnings result.

“We are better together,” Ms Baker told staff in the meeting, a recording of which was obtained exclusively by news.com.au.

“And I get across the organisation into many different sites, on our frontline, in branches, all the way through to our different corporate offices et cetera, and I just want to see more people getting back into our corporate offices.

‘People at the front line have been there five days a week.’ Picture: Cameron Bates
‘People at the front line have been there five days a week.’ Picture: Cameron Bates

“Our branches and the people at the front line have been there the whole way through, five days a week. And it is not too much to ask that the rest of the organisation starts to get back into the office more.

“This is not about productivity. I don’t doubt that you can be productive, so it’s not about productivity. This is about our own mental health, this is about the fact that we are a relationship bank and we talk about our relationships with our customers and communities.

“It is as important the relationships that we have with each other, and I know because I see it, and I see it playing out when people are together in the office, the energy levels, the interaction, the innovation — that’s something that you will not get when you’re sitting at home by yourself, that innovative thinking.

“We’ve just got to get back together more often. That doesn’t mean that you don’t have some flexibility about how you work and so forth, because we all need that in our lives, absolutely, but I want to see more people back in the office and working closely, person-to-person with each other.”

Staff were given a list of reasons for returning to the office. Picture: news.com.au
Staff were given a list of reasons for returning to the office. Picture: news.com.au

‘Appalling’ comments slammed

The regional bank has also provided staff with a list of reasons for returning to the office, including “establishing and re-establishing relationships”, “enhanced collaboration” particularly from “informal, ‘bump’ interactions and ad hoc conversations”, and “enhanced wellbeing arising from greater social interactions and separating our personal and working lives”.

One staff member, who asked to remain anonymous, told news.com.au he and “many, many other colleagues” were “in complete astonishment” at Ms Baker’s comments about mental health, sarcastically suggesting she was now a “fully qualified psychologist”.

“I can unequivocally say my mental health has in fact taken a massive downturn at the mandate of having to lose sleep and add two hours per day to my working day, as well as the ‘hot-desking, activity-based working setup’ of the office where it’s a raffle as to who and where you will sit on these days,” he said.

“I just feel that in these times, we should be well past anyone commenting or trying to comment towards what’s best for anyone else, particularly around mental health issues. For an MD to not know or empathise with the struggles many, including myself, suffer with just having to force ourselves out of bed to perform our work every single day is appalling.”

Bendigo and Adelaide Bank MD Marnie Baker. Picture: David Geraghty/The Australian
Bendigo and Adelaide Bank MD Marnie Baker. Picture: David Geraghty/The Australian

Finance Sector Union (FSU) assistant secretary Jason Hall said Bendigo “needs to take into account that these workers, who have continued to deliver excellent results for the bank, need to have their personal circumstances taken into account”.

“Our members moved their work to their homes to help the bank during the difficult times of Covid and deserve to be treated with respect in regard to this decision,” he said.

“We have recently negotiated a new enterprise agreement which provides improved remote and hybrid working arrangements and the right to disconnect and we call on Bendigo to consider these when dealing with currently impacted staff.”

In a statement to news.com.au on Wednesday, Ms Baker said Bendigo and Adelaide Bank “understands the way our people work has changed, with many embracing working remotely and the flexibility it provides in creating work-life balance”.

“We continue to support a hybrid way of working,” she said.

“Connection and relationships are at the heart of who we are and how we work. Being together and working side-by-side helps us build relationships across the business, create a vibrant culture, and leads to better opportunities for us to collaborate, innovate, and learn.”

She added, “Our people have told us having the opportunity to work remotely some of the time enables them to better balance their working and home lives. In line with this, we have asked senior leaders across the business to be in the office the majority of the time and other staff two days a week.”

Bendigo Bank has ordered staff back to the office two days per week. Picture: Cameron Bates
Bendigo Bank has ordered staff back to the office two days per week. Picture: Cameron Bates

‘We’re better together’

It comes as companies offer competing visions for the future of flexible working arrangements, with NAB last month reaching an agreement with the FSU that will allow staff to request work-from-home options, weighted towards approval.

CommBank, however, faces a challenge from the union in the Fair Work Commission over its return-to-office mandate, with the FSU requesting the watchdog “intervene” and force the bank back to the negotiating table.

Last week, the local boss of Nike suggested that the success of the Matildas highlighted a number of arguments against working from home.

Ashley Reade, the sportswear giant’s Pacific vice president and general manager, told The Australian Financial Review that like in a sports game, “there are so many things during a day that can happen which can reprioritise your day”.

“Globally and locally we’ve said working from home is an option on Monday and Friday,” Mr Reade said.

“We still think we’re better together, so we want to make sure we’ve got that ‘locker time’, Tuesday to Thursday. It’s really hard to build culture if you don’t have consistency of connection. It just is. We want to make sure we are in there for the moments that matter and the energy that is created.”

He added, “Culture is created by inclusion and by connection. People need to be inspired by the strategy and a north star.”

Mr Reade said much of his morning was spent walking around and connecting with staff.

“That first 30 minutes when you’re in, having those connection points, having a conversation and feeling the pulse of the business and recognising people who have done great things is a great way to connect with your team,” he said.

Businesses are winding back work-from-home policies. Picture: Nicholas Eagar/NCA NewsWire
Businesses are winding back work-from-home policies. Picture: Nicholas Eagar/NCA NewsWire

Bendigo’s record profit

On Tuesday, Bendigo and Adelaide Bank reported a 15.3 per cent increase in full-year cash earnings to a record $576.9 million.

Total income on a cash basis rose by 14 per cent to $1.93 billion.

In a statement announcing the results, Ms Baker said it was “another strong result” achieved through “managing our costs and reinvesting back into value enhancing areas of our business”.

“Our customer numbers continue to grow,” she said.

“They are attracted to our quality products, award-winning service and our digital offerings. Our longstanding purpose of feeding into the prosperity of our customers and their communities resonates deeply with them and can be seen in our market leading customer advocacy and satisfaction scores. We are Australia’s most trusted bank.”

Ms Baker described the bank as “digital by design and human when it matters”.

“We interact with our customers when and where they want to, in channels that are convenient for them and efficient for the bank,” she said.

“The opportunity for us in digital mortgages has never been clearer as customer interest in our digital products continues to grow with this channel now accounting for 12 per cent of total settlements for the second half.”

frank.chung@news.com.au

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Original URL: https://www.news.com.au/finance/business/banking/not-about-productivity-bendigo-bank-boss-orders-staff-back-to-office-for-mental-health-in-leaked-video/news-story/631007534e60ac94777771ad365d15e3