Barclays US Extends Certain Paid Leave Policies to Promote Well-Being of Employees
June 15 2016 - 9:42AM
Business Wire
Non-primary caregivers will be entitled to six
weeks paid leave
As part of its ongoing commitment to help employees successfully
integrate their professional and personal lives, Barclays is
announcing enhancements to its US Leave of Absence policy.
Joe McGrath, CEO, Barclays Americas, said, “We recognize the
importance of our people in the continued success of Barclays and
these enhancements support our culture of building a flexible work
environment.”
Yun Chung, Head of Human Resources, Barclays Americas, added,
“We are constantly looking at ways to improve our benefits so that
our employees can bring their best to work and practice dynamic
working that integrates with employees' personal needs.”
Childcare Leave (Non-primary)
Beginning August 1, 2016, eligible non-primary caregivers will
be entitled to six weeks of paid leave following their child’s
birth, adoption or foster care placement. This non-primary
caregiver leave may be taken in two segments within one year of the
event. Non-primary caregivers currently receive one week of paid
leave.
Childcare Leave (Primary)
From August 1, 2016, newly eligible primary caregivers will now
have the flexibility of taking the leave in two segments within one
year of the event. Eligible primary caregivers currently receive 16
weeks of paid leave to be taken in one continuous period.
Military Leave
Beyond parental leave, Barclays is extending support to
employees who are called to active duty military service. Eligible
employees will now receive 100% of their Barclays pay, less any
military pay offset, for up to five years while under an approved
Military Leave.
Barclays is a transatlantic consumer, corporate and investment
bank offering products and services across personal, corporate and
investment banking, credit cards and wealth management, with a
strong presence in our two home markets of the UK and the US. With
over 325 years of history and expertise in banking, Barclays
operates in over 40 countries and employs approximately 130,000
people. Barclays moves, lends, invests and protects money for
customers and clients worldwide. For further information about
Barclays, please visit our website www.barclays.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160615005865/en/
BarclaysKerrie Cohen,
+1-212-412-4096kerrie.cohen@barclays.com
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