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Standard Chartered offers paid parental leave to employees

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Financial institution, Standard Chartered Bank has rolled out a standardised minimum 20-week parental leave for its employees.

This is irrespective of their relationship status or path towards having children.

In a statement made available to our correspondent, the lender said that it launched the enhanced global parental leave benefits for its employees effective September I, 2023.

The Bank said the standardised parental leave allows parents to take on more equitable caregiving responsibilities for their children.

Acting Head, Human Resources, Standard Chartered Bank Nigeria Limited, 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 wellbeing 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,” Nwagu noted.

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