Standard Chartered Bank has rolled out enhanced global parental leave benefits for its employees.
Effective September 1, 2023, the bank standardised the number of parental leave days it offers, providing parents the option of undertaking more equitable caregiving responsibilities for their children.
With the enhanced benefits, employees can access a minimum of 20 weeks of paid parental leave, irrespective of gender, relationship status or a path toward having a family.
The enhanced benefits have been designed to support working parents and they are part of the bank’s commitment to fostering an inclusive culture, where employees are supported in balancing their personal lives with building successful careers, it stated.
Acting Head of Human Resources, Standard Chartered Bank Nigeria Ltd,
Efe Nwagu, said: “We continuously review how we can introduce and encourage progressive benefits that drive inclusion, improve the employee experience, and help colleagues achieve their potential.
‘‘We believe benefits such as this help address globally prevalent societal norms around traditional roles, improve workforce participation and provide options to those who want to take up shared childcare responsibilities. This will positively impact families’ financial well-being and create a more inclusive workplace that supports each individual’s unique family planning choices.
“We hope that our actions inspire other employers – across industries, to take similar actions. If we take a stand together, we can build a movement that creates a more inclusive society.”
