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Top tips to help new parents stay in control of their finances

Employee Benefits

Expecting a baby and planning maternity or parental leave is an exciting time, but it is also important to consider the financial impact that a new arrival can bring. As the cost of living crisis continues, it is now more important than ever that new parents understand how their finances will be affected and what actions they can take.

Finance 105
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All you need to know about the changes in employment law from 6 April 2024

Workplace Insight

Employers cannot also request proof of why the leave is required. Redundancy and the extension of protection for those on family leave Under current safeguards, employees on maternity leave, adoption leave, and shared parental leave are prioritized for suitable alternative positions when their current role faces redundancy.

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Two Neighboring States Recently Joined a Growing Movement to Provide Paid Family Leave

McNees

Employees may also be eligible for an additional 12 weeks per year for their own serious health condition if the initial 12 weeks of leave was taken to care for a new child, and vice versa. Employers with 10 to 24 employees only need to offer parental leave.

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Top 5 reasons to check your payslip

cipHR

Other variable payments to check each month include shared parental leave, contractual sick pay, statutory sick pay (SSP), statutory maternity pay (SMP), statutory paternity pay (SPP), and statutory adoption pay (SAP). It’s still important that people check these details closely though. Some employers also top these payments up.

Pension 98
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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave. Retirement plans are tax deductible, flexible and are a great way to attract new talent to your business.

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Maternity leave in Massachusetts: A fact sheet for employers

Genesis HR Solutions

Parental leave is a hot topic in the United States. As many families juggle full-time work with raising families, tensions over the lack of required leave in the workplace continue to grow. The United States is the only developed country that doesn’t require paid parental leave. Try to avoid concurrent leaves.

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Maternity leave in Massachusetts: A fact sheet for employers

Genesis HR Solutions

Parental leave is a hot topic in the United States. As many families juggle full-time work with raising families, tensions over the lack of required leave in the workplace continue to grow. The United States is the only developed country that doesn’t require paid parental leave. Try to avoid concurrent leaves.