Anz staff are facing salary discounts if office attendance markers are not respected

Anz Group Holdings Ltd. said the staff remuneration would take a hit if the employees are not at the office at least half of the work week, because the chief executive Nuno Matos results in an overhaul of the Australian lender.
Thursday, the managers to managers detailed a tool to follow the attendance of staff members and described the remuneration slices for people who do not reach the 50%threshold, according to an internal memo. An Anz spokesperson has confirmed its content.
Communication on its working policy at the workplace is in a time of intense concentration on the rectification strategy of gear at the lender based in Melbourne. Earlier this week, Anz directors intended to describe job losses to the staff, but rather automated emails were made by mistake before that.
Anz was criticized for misadventures in risk management and culture, the areas that Matos has promised to improve. MATOS has pushed to increase the productivity of the staff since he took the bar in May and the company examines his hybrid work agreements.
The consequences on performance and wages are based on four levels, underlined the memo. Those who attend the office less than 20% of the time will not be eligible for an increase in their salary unless they are an exemption. It is between 21% and 40% of the time could lead to variable remuneration which has been cut up to 50%.
“Most people meet our expectations to spend at least 50% of their working time planned in an Anz workplace, with flexibility to work remotely,” said the memo. “As the leader of the people, you play an essential role, not only at the time of performance, but throughout the year. This includes strengthening expectations, hybrid roles modeling behavior and the fight against low attendance early. ”
https://fortune.com/img-assets/wp-content/uploads/2025/08/GettyImages-1253204027-e1756450235230.jpg?resize=1200,600