Citi unveils 12-week sabbatical leave programme for long-time employees
The programme is available to employees in Singapore, Hong Kong, and Japan initially.
Citi Singapore has unveiled a new leave programme for employees that consists of a 12-week sabbatical leave and up to 4 weeks of “giving back” leave.
Under the new resilience programme, eligible full-time employees who take up to 12 weeks of sabbatical leave will be paid 25% of their monthly base pay.
Meanwhile, Citi's giving back leave is intended to encourage rgwue employees to pursue their philanthropic interests and focus on volunteerism by offering them the opportunity to contribute to charitable causes that they are passionate about.
Employees who choose to apply for the giving back leave, where they are able to volunteer their skills with a registered charitable organization, will continue to be paid 100% of their monthly base pay.
To be eligible for these leaves, the employee would have to have worked with Citi for five years, amongst other criteria. Each employee is also only allowed to take the sabbatical leave only twice in their duration of employment with Citi.
Employees will continue to be fully covered by the company’s medical and health insurance, and they will continue to accrue their annual leave, according to Citi.
The programme has currently been rolled out in Singapore, Hong Kong and Japan as part of the initial launch phase.