LPBank gives employees a day off from 3pm on Friday: A new step in restructuring strategy, improving organizational efficiency

From July 1, 2025, Loc Phat Bank (LPBank) will officially apply a policy allowing employees to take time off from 3:00 p.m. every Friday. This decision is not only a motivational mechanism for employees, but also the result of a series of restructuring activities and operating model innovation that the bank has been strongly implementing over the past time.

Over the past year, LPBank has implemented many synchronous organizational reform solutions: streamlining the apparatus, eliminating unnecessary intermediary levels, standardizing operating procedures, applying technology to automate manual tasks and strongly decentralizing power to frontline units. These changes have significantly reduced administrative workload, creating conditions for personnel to focus more on high-value activities.

LPBank from streamlining the apparatus to changing operational thinking. Photo: LPBank

Allowing early Friday afternoons is the next step in this strategy, demonstrating the Board of Directors' belief in work performance rather than time spent in the office. "We aim for an efficient, streamlined organization where each employee works with clear goals and specific results. When the organization is flexible enough and can measure its effectiveness, there is no need to stick to traditional time frames anymore," emphasized Mr. Nguyen Duc Thuy, Chairman of LPBank's Board of Directors.

Specifically, staff at the Head Office and sales staff at units who complete or exceed their plans are off work from 3:00 p.m. every Friday. This flexible time arrangement not only helps staff recharge and spend time with their families, but also creates conditions for them to proactively approach and care for customers outside of office hours.

From July 1, 2025, LPBank will officially apply a policy allowing employees to take time off from 3:00 p.m. every Friday. Photo: LPBank

Previously, LPBank has implemented a salary-based income mechanism based on capacity in many units in the system, with transparent assessment tools based on work results and actual contributions. This policy is gradually replacing the traditional fixed salary model, eliminating the situation of "income equality" between those who work a lot and those who work less.

Paying income based on capacity helps promote autonomy, positive competition and motivates career development within the bank. LPBank is also perfecting a multi-dimensional evaluation system (KPI/OKR combining qualitative and quantitative), helping to fully reflect both professional efficiency and creative and innovative contributions.

LPBank affirms that, despite focusing on restructuring and optimizing efficiency, the focus is still on people. Improving compensation policies, increasing time flexibility, and creating a fair environment of income opportunities are three pillars to build a sustainable organization where employees feel respected, trusted, and empowered.

In the context of the banking industry being fiercely competitive for high-quality human resources, strategic steps like those at LPBank are not only groundbreaking, but also contribute to setting new standards for corporate culture in the digital age.

Source: https://daibieunhandan.vn/lpbank-cho-nhan-vien-nghi-tu-15h-chieu-thu-sau-buoc-di-moi-trong-chien-luoc-tai-cau-truc-nang-cao-hieu-qua-to-chuc-10375328.html