Men who work at Natwest will be able to take a full year off when they become dads, instead of the usual two-week statutory paternity leave.
In a bid to become more family-friendly the bank said it will introduce a policy next year that allows all new parents to take up to a year off regardless of their gender. By offering all new parents the same pay and leave entitlements, the bank hopes to support “wider cultural change by promoting a shared approach to childcare responsibilities early on” in a bid to “to do more to help families thrive”, stated Natwest’s Chief Executive Alison Rose.
CREATING AN INCLUSIVE CULTURE
The bank is in the midst of overhauling its image to become more inclusive and friendly for working parents. It is the latest example of the lender racing to overhaul its image. Just last month, the bank said it would pay for transgender staff to get privately-funded hormone treatment. The bank also changed its absence and sick leave rules to include time off for people who are transitioning. Earlier this year it also introduced pronouns and phonetic name spellings on badges.
“We’re determined to create a sustainable, inclusive culture through an increasingly intersectional approach. We have a wide-ranging approach to achieving this goal, with a number of initiatives in place for families, carers, colleagues returning to work, and those joining us after life in the military,” stated the bank.
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A recent has that one in six working parents felt their career opportunities were reduced after simply requesting parental leave. Click here to read more.
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