Scotiabank Cayman to increase fully paid leave for ALL new parents | Loop Cayman Islands

The content originally appeared on: Cayman Compass
Loop News

1 hrs ago

Scotiabank Cayman, announced yesterday that it is increasing its fully paid leave for all parents welcoming a new child, including parents who have given birth, parents by adoption and legal guardianship. This new inclusive parental leave policy is a big step for the Cayman Islands, in a context where the law only allows for 14 calendar weeks maternity leave during a 12 month period, under the condition that the mother has been employed for a full year with her employer. There is currently no legal provision for paternity leave.

Scotia’s maternity leave will be increased to 16 weeks – up from 13 weeks, and fathers, adoptive parents and appointed legal guardians with a new child, will receive 4 fully paid weeks of leave.

Janelle Milburn, Manager, Human Resources at Scotiabank Cayman commented on the improved policy saying:

We are very happy to be introducing this enhanced parental leave policy for our team. It reinforces our commitment to a culture of diversity and is one that puts the welfare of our people at the heart of our success. It is also a progressive move to accommodate and respect personal dynamics and the family situation of each of our employees, already helping to drive our business success.

The Parental Leave Policy came into effect in March 2022 for Scotiabank employees in The Cayman Islands and other countries in the region where the Bank operates.

“Delivering on our core purpose of ‘for every future’ underpins our approach to making our parental leave policy inclusive of all parents,” said Anya Schnoor, Executive Vice President, Caribbean, Central America and Uruguay (CCAU). “No matter where Scotiabankers are located, they will be able to expect quality coverage and flexibility that affords them the time away from work to support their families,” Schnoor said in closing.

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