Standard Chartered Grants 20-Week Paternity And Adoption Leave
As part of its inclusion effort, Standard Chartered Bank said on Wednesday that workers worldwide will be granted a 20-week paternity and adoption leave.
The bank stated in a statement that the leave will be accessible regardless of gender, relationship status, or how a child comes to permanently join an employee's family.
The new HR policy, which will be effective from 1 September, is a part of the company's commitment to promoting an inclusive culture in which employees are supported in combining their personal lives with building successful careers.
Local legislation that provides more parental leave than the minimal group standard will take precedence, although local HR standards, including eligibility limitations and local statutory requirements, may apply.
Standard Chartered also provides employees with core funding for retirement savings, medical and life insurance, flexible and voluntary benefits in some locations, flexible-working options based on home and office locations, annual, parental, sabbatical, and volunteering leave at 30 days, 20 weeks, 12 months, and three days, respectively, wellbeing support provided by digital wellbeing platform Unmind, a global employee assistance program, sick leave provision, mental health provision and mental health support.
