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With Netflixs parentalleave policy on shaky grounds , Starbucks parentalleave policy is now offering to provide industry-defining benefits to employees by doubling the leave allowance currently available to workers. No other retailer offers a better parentalleave benefit for new parents.
Almost three-quarters (73%) of working parents think the next government should introduce reforms which improve parentalleave and pay entitlements, according to research by Working Families. Meanwhile, four-fifths (80%) said employers should do more to enhance parentalleave and pay for new parents.
A country’s parentalleave policy is often a reflection of how the country views gender equality. By dividing responsibilities between both parents, a country encourages gender equality and breaks free from traditional gender roles. Here are four countries with the best parentalleave policies in the world: 1.
Details of the UK’s new Employment Rights Bill were released yesterday. Key elements of the bill include granting workers access to statutory sick pay and parentalleave from the first day of employment, and introducing a ban on exploitative zero-hour contracts.
Molson Coors Beverage Company has introduced an equal parentalleave policy for its more than 2,200 employees across the UK. A further 12 weeks fully paid neonatal care leave is also available if needed. The policy is part of Molson Coors’ ambition to become a more inclusive employer.
Banking organisation Santander offers a variety of support for its 19,800 UK employees to ensure its parental support offering is inclusive to all. As part of its parentalleave policy , Santander provides up to 52 weeks of maternity, primary carer and adoption leave, regardless of how long an employee has been in their role.
Employers give paid paternal leave in almost all high-income nations. It includes leaves given to expectant fathers, mothers, and leaves for adoption. Traditionally, all firms are required by international labor laws to give at least 12 weeks of paid leave to women employees who are entering motherhood.
In a 2019 survey by service provider Workplace Options 23% of employed parents indicated that they had at some point considered giving up their job – due to incompatibility with childcare. It is even more fatal for organizations to lose members of their workforce in the context of parentalleave. support options by the employer.
A new poll from Totaljobs in partnership with the Fawcett Society , suggests that over a quarter (27 percent) of working mothers believe that their career progression has slowed as a result of taking parentalleave – in comparison to 21 percent of working fathers. This was especially high among single mothers (60 percent).
International Foundation of Employee Benefit Plans
JANUARY 7, 2025
Here is what you need to know regarding Employment Insurance benefits in 2025. The Employment Insurance (EI) program provides temporary income support to unemployed workers while they look […] The post Employment Insurance Benefits: What You Need to Know for 2025 appeared first on Word on Benefits.
This article explores 5 countries that have the best employment laws from the perspective of the employee with top global rankings in terms of rights of workers, based on their labor traditions and violation of labor rights. Belgium can, however, do a better job with its parentalleave statutes.
Paid parentalleave is a coveted work benefit because there is no federally-mandated paid parentalleave in the U.S. As a result, many employers find that this benefit is one of the most attractive ones when it comes to recruiting and retaining top talent.
A recent survey from the Society of Human Resource Management (SHRM) shows that paid maternity leave is now offered by more than half (55%) of all American employers. Even better, nearly half (45%) of all organizations also offer paid paternity leave. What should employers and small businesses know about paid parentalleave?
Sports retailer Nike has announced that it has doubled its parentalleave benefit for all of its employees based in the US as of this month. As of 1 June, it has increased its paid parentalleave benefit from eight to 16 weeks, to allow workers time to bond with their child after birth, adoption or foster placement.
Credit: Dariusz Gryczka / Shutterstock.com Financial services firm Moody’s has launched a global parentalleave policy for its more than 15,000 employees worldwide. According to the employer, it has implemented the policy following input from employees.
National sporting governing body Netball Australia has amended its parentalleave policy in order to better support its employees and their families. Netball Australia increased paid parentalleave for primary carers from eight to 18 weeks, while paid parentalleave for secondary carers was increased from two to six weeks.
Credit: rafapress / Shutterstock.com Global insurance firm QBE North America has enhanced its paid parentalleave programme to a minimum of 12 weeks for all parents whether they adopt, give birth, foster or use a surrogate. The post QBE North America enhances paid parentalleave programme appeared first on Employee Benefits.
Law firm Lewis Silkin has enhanced its parentalleave policy in order to offer equitable support for new parents. Leave and pay do not have to be shared with the other parent where both are employed by the firm, so an employee can benefit from both regardless of the other parent’s choices.
Accounting firm Deloitte UK is to equalise parentalleave , in order to give fathers the same paternity pay as it does maternity pay for mothers. The policy of 26 weeks of fully- paid family leave for all new parents will come into effect on 1 January 2025 and will be a day-one right.
Then, with a twinge of foreboding, “That’s as long as their current employer offered a better benefits package.”. Some paid parentalleave. Often, the line between how people think of you as a provider of products or services and how they think of you as an employer is blurred. Consider the benefits you offer currently.
Credit: DELBO ANDREA / Shutterstock.com Cables, energy and telecoms firm Prysmian Group has enhanced its minimum global parentalleave and reinforced a full-circle support programme for primary caregivers. Meanwhile, the group has recommunicated its Leave and Back-to-Work Programme to staff.
In Australia, any resident having a baby (or adopting one under the age of 16) may be entitled to ParentalLeave Pay, which is an initiative of the Australian government. In addition to that, their employer may also grant an expectant parent paid parentalleave. Be the adoptive parent of a child.
Parents need time off to care for and bond with their latest addition. However, limited parentalleave options in the United States often hinder them. Currently, only 27% of American workers employed in the private sector have access to paid family leave. Paid ParentalLeave is what?
Parentalleave—it’s a topic that’s been making headlines around the world. Countries from the United States to Australia are rethinking their parentalleave policies, and Japan is no exception. Japan made some significant changes to its parentalleave policy in 2022. What is ParentalLeave?
Credit: MOZCO Mateusz Szymanski / Shutterstock.com International banking group Standard Chartered has enhanced its global parentalleave benefits to allow working parents to undertake more equitable caregiving responsibilities. If we take a stand together, we can build a movement that creates a more inclusive society.”
Citi’s parentalleave policy has restarted the discussion around parentalleave within the workplace, establishing the standards for the kind of accommodations employees can expect. and Puerto Rico and it is a substantial step forward in improving the relationship between employer and employee.
Global travel business Abercrombie and Kent Travel Group has introduced a paid global parentalleave policy in order to create a more diverse and inclusive workplace culture. We are incredibly proud to be at the forefront of the travel industry in offering this progressive parentalleave package.
Credit: Marlon Trottmann / Shutterstock.com Thomson Reuters has enhanced its global paid parentalleave policy , offering all employees a minimum of 16 weeks of paid leave, regardless of gender identity, sexual orientation, marital status or family role.
The HR team is focused on our ambitious and comprehensive talent attraction and retention programmes, enhancing benefits such as these will demonstrate that we are a people focused, caring employer.”. The post Roger Bullivant updates parentalleave policies appeared first on Employee Benefits.
Australian employer National Roads and Motorists’ Association (NRMA) Group has agreed to pay superannuation on the unpaid portion of parentalleave as part of its aim to close the gender pay gap for females.
As an employer or human resources manager, consider what candidates and employees bring to your business. Offering solid benefits and a compelling employer value proposition can help attract top talent and increase employee engagement and retention rates. But what do you give them in exchange?
One of the Labour Party’s key pledges during the election was to initiate a large-scale reform of UK employment law within the first 100 days of taking office. Some of the proposed changes to employment law could happen quite quickly, for example, changing the remit of the Low Pay Commission in relation to the national minimum wage.
WeightWatchers has introduced six months of paid parentalleave for eligible full and part-time employees in the US. She introduced the policy so as to address the fact that paid parentalleave is not federally guaranteed in the US, and it is up to individual states and employers to offer this.
In 2025, salaries alone no longer define an attractive employment offer. Employers are increasingly turning to fringe benefits. Unlike base pay, which is contractually guaranteed, these extras offer employers flexibility to tailor rewards to workforce needs , while signaling a commitment to employee well-being.
Banking organisation HSBC has extended its parentalleave benefits for Hong Kong-based staff to foster a family-friendly and inclusive culture. From 1 January 2024, maternity leave for full-time employees will increase from 16 to 20 weeks, while paternity, or secondary caregiver, leave will rise from 10 to 40 days.
There are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businesses, especially during a period when SMEs face substantial economic challenges. percent of the hours worked during that pay period.
New research suggests that Shared ParentalLeave (SPL) has failed to encourage greater take-up or longer leave by fathers, prompting calls for policy reform. The study findings are timely given the new Labour Government’s Manifesto commitment to reviewing the parentalleave system within its first year in office.
Retirement Plans: Employer-matched retirement savings plans. Building a Strong Employer Brand Employer branding is the process of promoting a company as an employer of choice to a desired target audience. Steps to Build Employer Brand: Identify Unique Selling Points: Determine what sets the company apart from competitors.
More employers could introduce gender inclusive paid parentalleave to prevent and try to close gender pension gaps. In addition, there are other ways for employers to support staff who have paid less in pension contributions at certain periods or throughout their careers.
Amazon Middle East and North Africa (MENA) has introduced an enhanced paid parentalleave policy for employees across United Arab Emirates, Saudi Arabia, Egypt and Jordan who have become new parents, regardless of gender.
Australian digital and creative marketing agency WiredCo has extended its parentalleave policies to include pet owners, IVF and miscarriages. The agency has introduced five days of paid leave for employees undergoing IVF treatment and two days of leave for their support person. million pets now living in 6.9
A study last year by the TUC (Trade Union Congress) found that half of new fathers are having their requests for flexible working denied by employers. The legislation changes coming up on 6 April will look to address this, but if the dial is to really shift, employer attitudes need to change.
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