Citibank has launched an industry-first work-from-home (WFH) programme exclusively for female employees. The move is intended to assist new mothers in successfully balancing family and career.
Following their 26-week maternity leave, women employees will be able to apply for a WFH arrangement for up to 12 months under the programme. They will also be able to request an extension of up to three months of WFH during the final trimester of pregnancy, subject to evaluation and approval. This means that pregnant and new mothers can work from home for a total of 21 months.
The initiative will benefit the company’s women, who make up 38% of its total 30,000-person workforce. Furthermore, Citibank will help them keep their jobs within the organisation and contribute to the development of a unified talent pool. This will increase the 30% representation of women in mid-senior and senior roles.
Aditya Mittal, CHRO, Citi India & South Asia, expressed enthusiasm for the new initiative, pointing out how women frequently leave their jobs or take extended breaks during this period, which can have a negative impact on their careers and, as a result, the representation of women in senior roles within organisations. “This is a significant and timely step to ensure that we retain women’s talent and support their career aspirations at a time when they are most needed.” “Hopefully, this will spur more industry initiatives to put the government’s vision into action,” he added.
Megha Mangal, personal banking and wealth management digital software engineer at Citibank India, recently returned from maternity leave. She thanked the company for its assistance during this difficult time in her life. “The peace of mind knowing that I could continue contributing to my job while working from home made my transition into motherhood so much smoother,” she admitted.
Citibank has consistently implemented programmes that promote work-life balance as well as Diversity, Equity, and Inclusion (DE&I). In 2019, the company launched one such initiative, disclosing its unadjusted pay gaps for women and US minorities, setting a precedent in corporate transparency. It became the first Wall Street bank to implement a flexible working model in 2021.