Motilal Oswal Introduces New Policy Prohibiting Work Beyond 8-8.5 Hours
Stockbroking firm Motilal Oswal Financial Services has implemented a new policy that prohibits employees from working beyond their fixed shift timing of 8-8.5 hours. The move is intended to improve employee wellness and productivity, according to Niren Srivastava, group chief HR officer.
The 'switch-off' policy requires the Mumbai-based brokerage firm to shut down its email servers and log employees off from sending or receiving emails, both internally and externally, after a 45-minute grace period after shift hours. If a person stays past the end of his or her work shift, the person will be asked to leave the office.
The admin and HR departments have been tasked with implementing new policies across all offices. The new policy will apply to approximately 9,500 of the company's 11,000 employees, as top executives and employees from private equity, asset and wealth management, and investment banking are exempt due to their own work schedules.
According to the group's chief human resources officer, the "human brain gets saturated beyond 8.0-8.5 hours," and the company should not dismiss the extra commute time. He stated that his organisations philosophy is that people should arrive and leave on time.
