HSBC Bank Taiwan Ltd (匯豐台灣商銀) plans to adopt several approaches to build a happy workplace for its employees, chief executive officer Adam Chen (陳志堅) said yesterday.
Chen’s comment came after the bank ranked first among all domestic companies to win Chinese-language Global Views Monthly magazine’s Happy Enterprise Award on Monday.
“We can only be cheerful about winning the prize for a short moment, as creating a pleasant work environment is an ongoing journey and we cannot relax and stop,” Chen told the Taipei Times in a telephone interview yesterday.
Photo courtesy of HSBC
The magazine said that HSBC Bank Taiwan’s flexible working arrangements was one of the reasons it was a happy enterprise.
Chen said that the bank would continue its flexible working arrangement even after the COVID-19 pandemic ends.
FLEXIBILITY
“We allow employees great flexibility on where and when they want to do their jobs; they can start working early to get off early or choose to work from home. It is the quality of output that we focus on, not the process,” Chen said.
Although some entrepreneurs think flexitime reduces productivity, Chen disagreed, saying it is important to believe in the good of human nature.
“We have demands about the quality of their work, but we also offer business tools such as a computer for each employee so that they can reach each other using computer software, not phones. The staff has no problem in maintaining their productivity,” Chen said.
Another approach to creating a happy workplace is to make improvements based on staff proposals, so the bank has a staff engagement club and Chen routinely meets with employees to listen to their voices, he said.
Staff proposals range from the light-hearted ones, such as birthday celebrations for colleagues and snack choices for Friday afternoon, to serious ones, such as the need for office computer updates, Chen said.
To ensure that employees are satisfied with the bank’s policies, Chen also asks all section managers to find out if staff have any issues, and if they do, managers must report to him to discuss what can be done, he said.
The bank’s parent company, HSBC Holdings PLC, asks all of its units’ staff to file an anonymous employee survey once every six months, and compares the results across different countries and continents, Chen said.
The survey questions cannot be disclosed, but are mainly used to measure whether staff are confident or happy with the company’s policy and strategy, he said.
DIVERSITY
HSBC values its employees’ differences regarding their age, gender and cultural background, Chen said, adding that the bank aims to boost its LGBT-friendly policies.
The bank offers spouse benefits to employees’ partners and would be relaxing some basic rules to benefit staff more, he added.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
CHINA RIVAL: The chips are positioned to compete with Nvidia’s Hopper and Blackwell products and would enable clusters connecting more than 100,000 chips Moore Threads Technology Co (摩爾線程) introduced a new generation of chips aimed at reducing artificial intelligence (AI) developers’ dependence on Nvidia Corp’s hardware, just weeks after pulling off one of the most successful Chinese initial public offerings (IPOs) in years. “These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads CEO Zhang Jianzhong (張建中), a former Nvidia executive, said on Saturday at a company event in Beijing. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.” Chinese chipmakers are in
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web