ANZ

ANZ Group Holdings Ltd. said

The email on Thursday to managers detailed a tool to track attendance of

The communication on its workplace policy comes at a time of intense focus on Matos’s turnaround strategy at the Melbourne-based lender. Earlier this week, ANZ managers had intended to outline job losses to

ANZ has been under fire for mishaps in risk management and culture, areas that Matos has vowed to improve. Matos has pushed to increase productivity of

Performance and pay consequences are based on four tiers, the memo highlighted. Those attending the office less than 20% of the time won’t be eligible for an increase to their salary unless they have an exemption. Coming in between 21% and 40% of the time could result in variable pay being trimmed

“Most people are meeting our expectation of spending at least 50% of their scheduled work time in an ANZ workplace, with flexibility to work the remainder remotely,” the memo said. “As a people leader, you play a critical role, not just at performance time, but throughout the year. This includes reinforcing expectations, role-modeling hybrid behaviors, and addressing low attendance early.”