London Stock Exchange Group is to increase its parental leave to support employees at key life moments and as part of its equity, diversity and inclusion commitment.
From 1 July, all employees with more than 12 months' service will be eligible for 26 weeks of fully paid leave when they have a child regardless of their gender, how they become a parent or where they are located in the world. They can then have an eight-week phased return to work, where they work 80% of their normal hours at full pay.
This is a global benchmark for the group. If local laws in countries or regions offer additional paid leave beyond 26 weeks, this will be honoured.
Additionally, the organisation will provide up to 12 weeks of additional leave to support families whose children require neonatal care and extra medical attention in the first 28 days after birth. The child does not need to be premature in order to qualify for this.
The group decided to offer these enhancements to foster a high-performance, inclusive and productive workplace, to allow parents to have an equal opportunity to care for their children, and as part of its recognition that supporting staff during important moments is essential. They are part of its commitment to provide a supportive environment where employees can balance professional and family responsibilities.
Erica Bourne, chief people officer at London Stock Exchange Group, said: “We are excited to roll out these offerings that underscore our commitment to being a truly inclusive workplace. Our new global parental leave will help create a supportive environment to encourage greater shared parental responsibility and drive gender equity in our industry. We’re continuously looking to introduce benefits for employees that drive inclusion, enhance the employee experience and help colleagues feel at their best.”
