Saxo Bank has revamped its maternity and paternity leave policy for the UAE office, providing mothers with a leave of 100 fully paid workdays (20 working weeks) apart from other benefits.

 

The new decision reinforces not only the bank’s commitment to a progressive and modern workplace but also its belief in supporting the personal lives of its employees, a statement said. 

 

Tara Tyan, Regional Head of Marketing at Saxo Bank Middle East, shared: "This comprehensive policy upgrade stands as a resounding testament to our unwavering commitment to cultivating an inclusive work culture. It isn’t just about numbers; it’s about valuing the transformative moments in our employees' lives. With 100 fully paid workdays for maternity leave, we're doing our part to ensure a balanced life for our colleagues, where career and family can thrive side by side."

 

Other key elements of the policy effective from June 1, 2023 are:

● Inclusivity for adoptive mothers: Tailoring provisions for mothers adopting children under five.

● Maximising time together: By combining public holidays and accumulated vacation leaves during the maternity period.

● Recognising fathers: A nod to the indispensable role of fathers with a five-day paternity leave.

 

Damian Hitchen, CEO of Saxo Bank Middle East, commented: "At Saxo, we believe that true success is when our employees feel supported both professionally and personally. We’re welcoming a growing number of new clients and our clients are becoming more diverse – and to cater to their needs it’s important that our culture reflects that.”

 

In sync with the broader vision of Abu Dhabi, Saxo Bank's policy complements its efforts to promote a superior work-life balance through a nationwide program that recognizes companies providing "parent-friendly" environments, supporting employees in balancing work and family responsibilities. Spearheaded by the Abu Dhabi Early Childhood Authority (ECA), this initiative grants "parent-friendly" labels to companies that exceed legal requirements (Parent-Friendly Label, PFL) or align with global best practices (Parent-Friendly Label Plus, PFL Plus). – TradeArabia News Service