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The delivery of a grandchild could also be thought-about a priceless present in itself, however for some grandparents it now comes with a brand new perk – an additional week off work.
Saga, the journey and insurance coverage firm for the over-50s, is to present workers every week of paid depart to have a good time the delivery of a grandchild.
The corporate, which employs 2,500 workers, stated it was introducing the coverage in recognition that grandparents play an more and more important function in childcare whereas additionally constructing a piece tradition that appeals to the over-50s.
“That is about serving to new grandparents have a good time a particular second and play a job in rising households from day one,” stated Jane Storm, the chief individuals officer at Saga. “Additionally it is a logo of how essential older employees are to their corporations and society.
“Our clients are largely over 50 and we need to have extra colleagues right here that replicate the neighborhood we serve. We additionally assume this concept needs to be a key attraction for retention and recruitment.”
As a part of the coverage the grandchildren of all Saga workers can have entry to its onsite nursery at its headquarters in Folkestone, Kent.
About 40% of grandparents aged over 50 present common childcare for his or her grandchildren, based on Age UK, and 71% of these between 50 and 64 are in work. The over-50s are additionally the quickest rising age demographic, with 28 million individuals anticipated to be in that bracket by 2030.
“Embracing family-friendly working practices makes enterprise sense,” stated Justine Roberts, the founding father of the net neighborhood Gransnet. “Employers who recognise the truth that their workers have relationships and tasks exterior of labor will reap the rewards of elevated loyalty and workers wellbeing.”
Saga is the newest firm to introduce extra versatile working insurance policies for workers. In October, the net vogue retailer Asos launched a spread of insurance policies to help workers who have been “going by way of health-related life occasions”. These embody taking depart at brief discover, and paid depart for workers coping with being pregnant loss, present process fertility remedy or experiencing the menopause.
In 2019, Channel 4 launched its personal menopause coverage in an effort to normalise the “taboo” topic and in Might this yr the net financial institution Monzo stated it could present paid depart for workers affected by the lack of a being pregnant.
Extending perks can be more and more being seen as a method to retain and appeal to workers within the face of the post-pandemic labour scarcity and the empowerment of employees in a brand new tradition the place versatile working is now the norm.
Catchy insurance policies embody “pawternity” – primarily paid day off for taking care of a brand new pet. Firms starting from Mars, the guardian firm of petfood manufacturers Whiskas and Pedigree, to the brewer BrewDog are providing “pet parental depart”. In accordance with the insurer Petplan, one in 20 new pet house owners within the UK have been supplied day off work to take care of them.
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