Atom Bank has enhanced its maternity and paternity leave policies as part of its dedication to supporting its people and fostering a flexible, family-friendly work environment.
From day one of employment, employees will now receive six months of fully paid maternity leave, followed by six months at half pay. This is higher than the statutory entitlement and the average enhanced offering in the UK.
The bank will also increase paid paternity leave to six weeks at full pay. This is higher than the statutory maximum of two weeks at a fixed rate and the common enhanced provision of two weeks of full pay.
The organisation has designed these enhancements to normalise caregiving for both parents, promote shared parental responsibilities, and have a long-term positive impact on female career progression.
Atom Bank’s commitment to flexibility and enhanced parental leave is intended to solidify its position as a leading employer in the North East.
Mark Mullen, chief executive officer of Atom, said: “We’re proud to announce these improvements to our maternity and paternity leave offering. We believe that providing robust parental leave for all, empowers our people to balance work with their family and childcare responsibilities.
“We’re in the business of fostering a more engaged and happier workforce. This, alongside our hybrid working policies, four-day working week, and our upcoming move to a state-of-the-art building in Newcastle, underscores our dedication to flexibility and to supporting our Atom family as we continue to grow the business.”
Atom also offers a hybrid-working model and a four-day working week, which was introduced in November 2021 with no reduction in salary. This is aimed at further supporting employee in managing their personal and professional lives.
