News: HSBC Bank gives Hong Kong employees extra day off for ‘perseverance’

Benefits & Rewards

HSBC Bank gives Hong Kong employees extra day off for ‘perseverance’

As Hong Kong companies are still reeling from the business impact of long drawn street protests, HSBC has decided to offer its employees an extra day off for 'perseverance.'
HSBC Bank gives Hong Kong employees extra day off for ‘perseverance’

HSBC Holdings Plc has announced that its Hong Kong employees will get an extra day off as a way to encourage the employees as six months of continuous street protests have disrupted the financial hub. 

The banking giant that employs about 21,000 people in the city ends up making about 90 percent of its profits in Asia. Hong Kong’s trade-dependent economy has slumped into recession because of a political upheaval leading to closure of several businesses. Thus, a once-favorite city among business travelers and tourists has been keeping the tourism industry at bay due to a lower output and weaker global demand. 

In its Q3, the bank has credited its Asia operations with being able to hold the earnings even though the financial hub was surrounded by challenges and turmoil. 

“Thanks to your perseverance and dedication, HSBC has been able to sustain our operations and stand by our customers in these unprecedented circumstance,” said Ms. Diana Cesar, the bank’s local chief executive in Hong Kong. 

Read full story

Topics: Benefits & Rewards, #EmployeeExperience

Did you find this story helpful?



What is your top focus area for reinventing work in the hybrid world of work?

How can we prepare for a challenging 2023?

READ our latest issue for tips and suggestions.