Standard Chartered rolls out 20-week fully paid maternity leave
Other enhanced benefits include ramped-up flexible working practices
Standard Chartered Bank Malaysia (the Bank), announces its enhanced employee benefits in line with Labour Day celebration. Among the improved benefits, female employees can now enjoy a 20-week fully paid maternity leave, which is the first in the banking industry, while all employees benefit from ramped-up flexible working practices. This is part of the Bank’s focus to adapt to and support the changing requirements of the workforce.
Maternity leave increased to 20 calendar weeks
As a part of the Bank’s family-friendly culture, it will be increasing fully-paid maternity leave for female employees to 20 calendar weeks, while male employees will enjoy 2 calendar weeks of paternity leave. New adoptive parents will also be entitled to a fully paid adoption leave of 2 calendar weeks. This is now extended to all employees of the Bank, regardless of length of service.
Flexible working environment
Armed with the belief that flexibility is about working differently, not about working more or less, the Bank is also ramping up its flexible working practices. Employees are offered the option to work part time, choose flexible working hours, or work from home on selected days, subject to the nature of their roles and managers’ approval. This flexibility and empowerment helps employees to meet their personal and professional goals best suited to their lifestyle and commitments.
Florence Foo, Head of HR, Standard Chartered Bank Malaysia said:
“In our pursuit of becoming a human bank, Standard Chartered commemorates Labour Day by placing importance on our people. We are always looking to strengthen our staff welfare, as well as to retain and groom talent.
“Internal studies carried out show that employee motivation has evolved, and that staff feel more motivated at work when they receive better support in the integration of their professional and personal lives. Both the Bank and our people stand to gain when we give them greater empowerment through initiatives such as a flexible-working arrangement.
“Women are key contributors to the Bank’s business in Malaysia. 60 per cent of the Bank’s workforce are women and 22 per cent of them are in management positions. We recognise the dual roles many of them have to play, and want them to succeed both at work and at home. We believe that fostering and building on a culture to help our people balance their personal and professional commitments will deliver strong benefits for both the Bank and our employees.”