Zopa Bank has confirmed that all employees will be allowed to work from abroad for up to 120 days a year, as part of a new staff benefit plan.
Effective immediately, Zopa staff can work from anywhere in the world with no change to their compensation. The digital bank has suggested 13 possible locations for digital nomads, including Spain, Portugal and Greece.
“The world of work has undergone unparalleled change, demanding greater flexibility and the increased desire to feel that our work is meaningful,” said Helen Beurier, Zopa’s chief people officer.
“Our employees now look for jobs that come with the flexibility to support their life goals. We believe this policy will be a huge success, as it will enable our people to experience a full and rewarding life with incredible learning and development opportunities.”
The new employee benefit package also offers 16 weeks of parental leave with full pay, regardless of family, gender, or relationship status. Three weeks of fully-paid bereavement leave is also being offered, including two days for the loss of a loved pet.
Employees can also exchange religious bank holidays to celebrate the days that matter most to them, and staff can sell up to five days of annual leave per year.
Furthermore, staff will be able to save up to 40 per cent on the cost of a green vehicle, and the company’s health cash plan allows employees to access reimbursement for a range of treatments.
The company is also offering menopause care, to train and support women.
Beurier said that the new employee package was created in order to “attract and retain top talent” and “create high performing teams with a significant investment in our workplace flexibility and benefits model that meets the ever-changing needs of today’s workers”.
“We’ve always been guided by three principles: the unwavering trust in our employees, our ambition for sustainable growth and success, and our vision to win smarter with flexibility and no-nonsense policies,” she said.
“Using an evidence-based approach and an extensive feedback process that lasted six months, today we introduce a range of investments to our people proposition and reward offering which we believe is unique and highly meaningful for our people.”