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Global financial companies are broadening their maternity benefit programmes to hire and retain more women professionals in India, Preeti Singh and Ruchi Bhatia report for Bloomberg. 👩💼HSBC Holdings Plc offers female employees a monthly allowance of $216 for paying nannies till the child tuns six, and flexible working hours and past-natal career development initiatives to new mothers. 👩💼Pregnant employees at Morgan Stanley in Mumbai and Bengaluru can get reimbursements for cab rides in their last trimester, while the company also provides mentoring and coaching for new and expectant parents. 👩💼Citigroup Inc recently announced that new mothers at the firm can work from home for a year after their maternity leave is over. Without women’s participation in the workforce, India can never become a developed country, says Aditya Mitta, CHRO of Citi India and South Asia. Government policy mandates paid maternity leave of 26 weeks for women professionals in India, and companies with an employee base of more than 50 must provide a daycare or creche onsite or nearby, the article says. These firms are focusing more on India, given the rapidly growing economy and middle class. With more deals being inked across India Inc, HSBC is hiring wealth managers for its private banking wing, while Citigroup is looking to expand across the country in a big way, the article adds. Source: https://lnkd.in/gVepeRhx ✍: Abhiraj Ganguli 📷: Getty Images #womenatwork #womenintheworkforce #indiainc #globalbanks

Maternity Pay in Fintech 💭 Attention HR and People leaders in the UK fintech community! 🌟 In a recent conversation with a candidate, the topic of maternity pay sparked my curiosity. As we strive for positive change and enhanced diversity in hiring within the fintech sector, I'm eager to learn more about your maternity policies. Please your insights below, I am keen to hear about and share the businesses that are leading the way in maternity policies across our industry. #Fintech #HRLeaders #DiversityAndInclusion #MaternityPolicies

Every working woman in India is entitled to six months of paid maternity leave if her employer has a workforce of ten or more employees, provided she has worked for a minimum of 80 days within the preceding 12 months. 🤰 🙁 Regrettably, some companies in India still fail to adhere to these government guidelines and neglect to offer paid maternity leave to their female employees. "I personally experienced this in the year 2022, and subsequently took legal action against my employer." says Nupur Mehra in this article. (Link to the article in the comments section) 🚨 Your workplace cannot deny your right to paid maternity leave. In case they do break the law, here's what you can do. #maternityleave #maternitybenefits #womensweb

Intricacies of Employment laws in India Series 1, Part 30 During our meeting yesterday, a friend asked me.... whether a newly joined #female #employee is eligible to avail leave benefits as per the Maternity Act? According to the Maternity Benefit Act, Women with 80 days of service are entitled to 26 weeks of paid leave, with specific provisions for different situations. During maternity leave, women are protected from dismissal, and their terms of service remain unchanged. Additional benefits, like a medical bonus, ensure comprehensive support. #corporate #legal #maternityleave #linkedingrowth #linkedinlearning

Maternity Benefit Act is Revolutionizing Work Opportunities for Women in India.   Leading global corporations like HSBC and Citi India Bank have taken a significant stride in supporting new mothers by extending a generous work-from-home option in India.   Providing women employees benefits up to a total of 21 months.   But what does the Maternity Benefit Act, 1961, have to say about this?   In March 2017, the Government of India amended Section 5(5) of the Maternity Benefit Act, allowing employers to permit nursing-women to work from home (provided the nature of the work permits such an arrangement), for a mutually agreed-upon duration.   Moreover, in June 2021, the Indian Government issued an advisory urging companies to offer remote work benefits to nursing mothers for a minimum of one year after giving birth.   These forward-thinking measures not only empower women to pursue their careers while ensuring the well-being of their children. But they also, prove advantageous to employers, fostering the retention of valuable women talent within the workforce. A win-win for all. Read more about it here: https://lnkd.in/duVyH43e #MaternityBenefits #WorkOpportunities #GenderEquality #EmploymentLaw #WorkFromHome #MaternityBenefits #EmploymentLaw #LegalUpdates #LabourLaw #maternityleave #womenatwork #employerswhocare #inclusiveworkplace #women #womenempoweringwomen #womanownedbusiness #womenatwork

The Indian government mandates 26 weeks of paid maternity leave for employees expecting a child. This topic recently came up in our Compensation Class discussion about employee benefits, which include earned leave, social security benefits, sabbaticals, leave travel concessions, etc. During the discussion on social security benefits, I considered maternity leave policies in top economies of world. Initially, I assumed they might offer superior benefits. However, my research revealed some surprising findings. Expanding Parental Leave: Following this discovery, I became curious about mandated paternity leave policies around the world. It would be interesting to see similar support offered to new fathers in the near future. Open to discussion on this topic. Tagging for better reach : The HR Guys, HR Anexi, The HR Tribe, HR Professionals Network - HRPN, AIHR | Academy to Innovate HR, SHRM #linkedin #india #hrcommunity #hr #work #job

Our latest Employment Corner Bulletin addresses the most important developments between August and October 2023 in employment law and HR practices in India. This edition puts a spotlight on certain changes that are significant for both employers and employees. They include (i) some sectors being classified as public utility services, (ii) certain States adopting their own Gig Worker Guidelines, (iii) Maharashtra proposing menstrual leaves for all women employees and (iv) the Supreme Court clarifying that fixed-term employees are entitled to maternity benefits even where the period of maternity benefit extends beyond the expiry of the tenure. Our standalone section on market trends highlights some of the remarkable measures that certain employers across the country seem to be adopting, including the recruitment of a ‘Chief Fitness Officer’ and the rolling out of a 5-year maternity leave policy. #IndusLaw #Employment #EmploymentLaw #HRPractices #India #Employees

12-month WFH after 26weeks maternity leave?🤯 Do you also think that WFH after maternity would help you integrate Work-Motherhood in a more balanced way? 🍨So, here's the scoop: New moms can now ride the WFH wave for up to a whopping 12 months after their 26-week maternity leave. And, for those moms-to-be, there's more! 🤰 You can ask for a sweet 3-month WFH deal during your last trimester - tailored to your whims. Drumroll, please! This game-changing policy serves up a mind-boggling 21 months of remote work for moms-to-be and new moms combined. Hold onto your hats, young professionals! Citi India plans to hire 5000 by 2025 & skyrocket its gender inclusivity from 3% to 50% by 2025. Isn't this great? 👩👩👧👧 Share your thoughts, and don't forget to follow for more updates! #WorkingMoms #ParentingBalance #WFH #GenderInclusivity #maternitypolicy

Follow the correct procedures when making people redundant. I am handling a few enquiries on this topic because companies are still unsure what the law is. Get this wrong and you could end up at a tribunal. Before you can make someone redundant, employers are required to make reasonable efforts to obtain other employment within the business. So this might be looking at other vacancies You must also inform everyone who might be affected and their union if they have one. Then decide the criteria by which employees will be measured to see if they will be retained on or made redundant. The criteria set out by employers has to be fair and avoid any potential discrimination towards people with the nine protected characteristics. This includes race, sex, disability, pregnancy and maternity. The criteria must be fair, objective and measurable to prevent any discrimination. If an employee has evidence that the criteria was biased against one of the nine characteristics, they can take their ex-employer to the tribunal. There are other considerations around other aspects including redundancy pay and I am always happy to help to ensure you are fully compliant. #HR #HRConsultant #HRsupport

Did you know that India offers some of the most comprehensive maternity leave benefits? From extended leave periods to job security, these benefits are designed to support new mothers during this precious time. 👶 Key Highlights: - 26 weeks of paid maternity leave - Job protection and medical bonus Curious to learn more? Check out the detailed video for an in-depth look at these benefits. #MaternityLeave #India #WorkLifeBalance #NewMoms #EmployeeBenefits