This new initiative features an industry-leading five months of fully paid maternity leave, which is separate from the standard annual leave, as well as access to an on-site crèche.
In accordance with Section 54 of the Labour Act in Nigeria, new mothers are entitled to 12 weeks of maternity leave. However, Union Bank is setting a new benchmark with this comprehensive offering, significantly surpassing industry standards. The extended leave, combined with the option to utilize annual leave, allows new mothers ample time for recovery and bonding with their infants, in line with Sustainable Development Goal 3: Good Health and Well-being.
Furthermore, mothers returning to work will enjoy a one-hour delayed start for the first month, facilitating a smoother transition back to their professional responsibilities and enhancing work-life balance.
Union Bank emphasizes that by fostering gender diversity, it is playing a role in broader economic advancement, noting that research indicates achieving gender parity in the workforce could boost global GDP by 26 percent. Through these progressive policies, Union Bank is reinforcing its reputation as an innovative employer within the financial industry.
Omayuli Wale-Ajayi, the chief talent officer of Union Bank, remarked, “We take pride in establishing a new benchmark in the banking sector with our extensive maternity leave and crèche facilities for the children of all full-time employees.”
We are dedicated to fostering an environment where women can excel, and our initiatives play a vital role in assisting working mothers as they navigate their professional and personal responsibilities. By offering five months of fully paid maternity leave and accessible childcare options, we strive to attract and empower exceptional talent, ensuring that all employees can contribute to the bank's overall success.
Wale-Ajayi emphasized that these forward-thinking policies improve work-life balance and establish Union Bank as a frontrunner in workplace inclusivity and sustainability. By focusing on gender diversity and the well-being of employees, Union Bank is devoted to cultivating a supportive and inclusive workplace that aligns with global sustainability objectives.