Proving its hardcore commitment to new mums, Standard Chartered Bank Singapore will soon introduce paid maternity and adoption leave that lasts a whopping 20 weeks.
The fact that it’ll be launched on April Fools’ Day is (presumably) coincidental, and totally not one of its corporate practical jokes.
In a statement made today, the bank announced that it’ll be increasing fully paid maternity leave for Singapore employees — regardless of how long they’ve worked in the company. It’s all part of their family-friendly culture, it said.
According to the Ministry of Manpower, employees have to work or be self-employed for at least three continuous months before the child’s birth to be entitled to Government-Paid Maternity Leave. Even so, the maximum duration for Government-Paid Maternity Leave is 16 weeks.
“Women are key contributors to the Bank’s business. Forty-five per cent of the Bank’s management team in Singapore are women, and for the past three years, females comprise almost 50 per cent of the workforce in Singapore,” said Standard Chartered Bank Singapore’s head of Human Resources Charlotte Thng. She added that the bank recognizes its dual roles and wants them to “succeed both at work and at home”.
New dads won’t be receiving additional off days, but they’ll still get two calendar weeks of paternity leave.
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