Barclays Introduces Equal Childcare Leave for US Colleagues
Supporting new and expectant parents to successfully integrate
their professional and personal lives
Barclays today announced enhancements to its childcare leave
policy in support of all new and expectant parents in the US.
The changes are effective July 1, 2023 and will provide all new
parents in the US with 16 weeks of paid childcare leave, and an
additional six to eight weeks paid time off for birth mothers to
recover from childbirth through a separate recovery leave. The
policy covers all new parents, including men, women, those who
identify as non-binary, same-sex families, and people who are
adopting or foster parenting.
“We are continually investing in our employees and refining our
benefits to ensure Barclays remains a great place to work,” said
Richard Haworth, CEO, Americas.
These enhancements are part of a range of benefits designed to
help colleagues successfully integrate their professional and
personal lives, and demonstrate Barclays’ continued commitment to
create a diverse, equitable and inclusive environment. Other
market-leading benefits at Barclays include family-building
support, back-up childcare solutions, at-work assistance, on-site
health centers, flexible work arrangements, and more.
Changes to childcare leave effective July 1, 2023
Removal of primary/non-primary caregiver distinction
The current childcare leave policy provides primary caregivers
with 16 weeks of paid childcare leave and non-primary caregivers
with six weeks of paid childcare leave.
For births, adoptions or foster care placements occurring on or
after July 1, 2023, the primary/non-primary distinction will be
eliminated, and all new parents will be eligible for 16 weeks of
paid childcare leave.
Currently, birth mothers are eligible for recovery leave which
begins immediately after their child’s birth and runs concurrently
with their childcare leave.
For births on or after July 1, 2023, birth mothers will have a
recovery leave that runs prior to their 16 weeks of childcare
leave. While the length of the recovery leave is dependent on the
nature of the birth, most birth mothers will receive anywhere from
six to eight weeks of recovery leave plus 16 weeks of childcare
leave, bringing their total paid leave to 22 to 24 weeks.
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. For further information about
Barclays, please visit our website home.barclays
version on businesswire.com: https://www.businesswire.com/news/home/20230630191606/en/
Press Contact: Matt Scully 212.526.7844
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