January 2018 has started on an interesting note for male employees of Access Bank Plc as the bank has enhanced its employee parental leave to extend to male employees as well with full benefits paid to all mothers and fathers.
The leave benefits extend as well to adoptive and surrogate parents.
In a statement issued by the bank, the new policy offers one week fully paid paternity leave to male employees and allows them to look after their newborn and spend some quality time with the new addition to their family while supporting the new mother who needs the break.
According to the lender, the new policy is capacitated to pay surrogacy or adoptive leave recipient with full three months pay though strictly for female employees of the bank
Head, Group Human Resources, Bolaji Agbede announced in a statement that.
“These benefits supplement the 12 weeks of paid leave Access Bank currently provides to birth mothers.
According to the Human Resource head, this policy also complements the Bank’s existing health and flexible workplace benefits, which support work-life balance”.
Agbede was quoted to have said that the paid parental leave will help to truly bond with newborn and help balance work schedule and also reduce conflict with parental obligations.
She further said, “Studies have shown that fathers who take paternity leave are more likely to take an active role in childcare tasks and will continue to play this role long after the period of leave has ended.
“It is important for the new father to take time off, regardless of family structure. This new policy is an evidence of the bank’s support to employees during this wonderful but challenging time in their lives.”
“Furthermore, a pregnant employee who has been in the bank’s employment for 12 consecutive months also has the option of six calendar months’ maternity leave with two-thirds of full month pay, while the surrogacy or adoptive leave period is three calendar months with full pay or six calendar months leave with two-thirds of full month pay.”