Standard Chartered recently introduced enhanced global parental leave benefits, extending these benefits to its employees in Uganda, effective from September 1, 2023, according to a statement by Cynthia Mpanga, the Corporate Affairs Manager. The bank aims to standardize the amount of parental leave it offers, giving parents the opportunity to share caregiving responsibilities more equitably for their children.
Under these enhanced benefits, employees, regardless of gender, relationship status, or the means by which a child joins their family, can access a minimum of 20 weeks of paid parental leave. This initiative is part of the bank’s commitment to promoting an inclusive culture that supports employees in achieving a balance between their personal lives and successful careers.
Tanuj Kapilashrami, Group Head of Human Resources at Standard Chartered, stated, “We continuously look at how we can introduce progressive benefits that drive inclusion, improve the employee experience, and help colleagues achieve their potential. We believe benefits such as this help address globally prevalent societal norms around traditional roles, improve workforce participation, and provide options to those who want to take up shared childcare responsibilities. This will positively impact families’ financial well-being and create a more inclusive workplace that supports each individual’s unique family planning choices. We hope that our actions inspire other employers—across industries, and around the world—to take similar actions. If we take a stand together, we can build a movement that creates a more inclusive society.”