Insurance organisation PIB Group (PIB) has enhanced its paid parental leave benefits to support new parents, effective immediately.
The amended policy will see all of its 1,300 employees entitled to 12 weeks’ full pay. New mothers will benefit from 12 weeks full pay during maternity leave before they receive statutory maternity pay, and new fathers will be entitled to 12 weeks full pay on becoming a new parent.
New fathers also have the opportunity to take up to 40 weeks of unpaid leave if they wish to do so.
PIB plans to outline the enhancements in more detail when it publishes its third annual gender pay report in April.
Fiona Andrews, chief people officer at PIB, said: “We want to support our people on their exciting and special journey to parenthood. Our enhanced parental leave policy is one of several initiatives introduced or being developed that demonstrate our commitment to becoming a truly diverse, inclusive and equal opportunity employer.
“Our landscape is constantly changing. People want more flexibility in the way they work, competitors are developing new initiatives to appeal to employees, and we know that to be a successful group we must attract and retain top talent. We also have to keep pace with legislative and culture changes.
“We are making some positive steps forward to help us address these challenges head-on and while there are no quick fixes, we are committed to seeing a steady improvement year on year as our organisation matures.”