Synchrony, a leading financial services company has announced the permanent work-from-home option for all its employees in India, effective from June 27, 2022.
However, the company’s main office in Hyderabad, Telangana remains open to fully vaccinated employees and is a central point of the company’s Engagement Strategy where employees can come in either to work or to participate in engagement activities and network with colleagues.
This decision reflects the company’s firm commitment to supporting the workforce and embracing an agile, industry-leading workplace model that directly benefits the employees and their families – and Synchrony’s business – thus fostering a conducive working environment for all.
Commenting on this development, Andy Ponneri, SVP, Business Leader India, Synchrony said, “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,” Andy added.
“These engagement hubs will provide regular connection opportunities for employees who chose to work 100% from home.” Andy further said.
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.” Angie added.
Angie further said, “Synchrony was named by Great Place to Work® as one of India’s Best Companies to Work For in 2022, ranking No. 19 on the list. This recognition highlights Synchrony’s efforts to create an environment that is caring, inclusive, collaborative, and innovative despite the challenges posed by the COVID-19 pandemic.”
The company also recently received Top 30 BFSI recognition from Great Place to Work India in 2022.
Synchrony currently has about 47% women diversity along with over 100 specially-abled people and over 25 veterans in its workforce in India. The company is changing in all possible ways for people and businesses every single day.
The changes that have been implemented included offering financing options to creating innovative tech, the company helps make shopping go smoothly across a variety of industries, like retail, auto, travel, and home.