A bank makes an unprecedented decision: Employees get off from 3pm on Friday

Having just completed streamlining the system, from July 1, Loc Phat Bank (LPBank) will officially apply a policy allowing officers and employees to take time off from 3pm every Friday.

LPBank is the first bank to let employees leave early on Friday afternoons.

Allowing employees to leave early on Friday afternoon is an unprecedented decision in the banking industry. This is the result of a series of restructuring activities and operational model innovation that LPBank has been implementing recently.

Specifically, according to LPBank's announcement, officers and employees at the Head Office and sales officers at units that complete or exceed their plans will have a day off from 3:00 p.m. every Friday.

This flexible policy not only helps staff recharge and spend time with their families, but also creates conditions for proactively approaching and caring for customers outside of business hours.

Over the past year, the bank, chaired by Mr. Nguyen Duc Thuy (Bau Thuy), has implemented many synchronous organizational reform solutions: streamlining the apparatus, eliminating unnecessary intermediate levels, standardizing operating procedures, applying technology to automate manual tasks and strongly decentralizing power to frontline units.

These changes significantly reduce administrative workload, allowing staff to focus more on high-value activities.

Allowing early dismissal on Friday afternoon is the next step in this strategy, demonstrating LPBank's leadership's belief in work performance rather than time spent present.

“We aim for an efficient, lean organization where each employee works with clear goals and specific results. When the organization is flexible enough and can measure its effectiveness, it is no longer necessary to stick to traditional working hours,” said Nguyen Duc Thuy.

Previously, LPBank has implemented a salary-based income mechanism based on capacity in many units in the system, gradually replacing the traditional fixed salary model, eliminating the situation of "income equality" between those who work a lot and those who work less.

In 2023, LPBank also made a decision that shocked many people when it allowed employees to take a fully paid day off on their birthdays.

LPBank is also a strong bank in streamlining its apparatus, when the number of employees decreased by 1,600 people in just the first 3 months of 2025. As of March 31, 2025, the number of LPBank employees was 9,570 people.

VN (according to Vietnamnet)

Source: https://baohaiduong.vn/mot-ngan-hang-ra-quyet-dinh-chua-tung-co-nhan-vien-duoc-nghi-tu-3-gio-chieu-thu-sau-413477.html