Financial services firm Moody’s has launched a global parental leave policy for its more than 15,000 employees worldwide.
Regardless of how they grow their family, through birth, adoption or surrogacy, all new parents are now eligible for at least 16 weeks of paid leave at 100% of their regular salary, effective immediately.
According to the employer, it has implemented the policy following input from employees. It also views the policy is an investment in its relationships and, as a commitment to its workforce, it is critical to its approach to family care.
Maral Kazanijan, chief people officer at Moody’s, said: “Our new parental leave is more than just a policy, it’s a tangible way we live out our values. It demonstrates that we truly listen to our employees and take action to create a supportive, inclusive culture for parents. We, at Moody’s, remain guided by our purpose-first approach, which empowers our staff to achieve a balance between working in the office and at home.
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“We’re excited to implement this policy and see the positive impact on our employees and their families as they help us live our values and our Stand for Inclusion initiative. The freedom to share parental experience is the foundation of a healthy family, and support in building a happy home is an investment in a person’s growth.”
Moody’s also offers its employees private medical and dental insurance, a virtual GP, menopause support, emergency family back-up care, life and disability protection, phased retirement and savings, and assistance programmes, as well as wrap-around care options.