Volvo Introduces Industry-First Six Months of Paid Parental Leave in EMEA Region
One of the most stressful things for new parents to consider is being able to take time off work to care for their baby and still have enough money to pay bills. On top of this, it’s often only the mother or person giving birth that is allowed to take time off while their partner must continue working, rather than be available to help out at home. While Americans struggle to save up vacation time and money, those working for Volvo in Europe, the Middle East, and Africa can rest easy thanks to a new paid parental leave program introduced by the automaker.
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The gender-neutral policy is the first of its kind in the automotive industry, offering mothers and fathers 80 percent pay during the six months of time off. This remarkable policy was inspired by Volvo’s home country of Sweden and its parental leave arrangements, which are known for being generous and have shown many benefits for children and parents alike. Volvo was sure to be as inclusive as possible with the new program, allowing the benefits to same-sex parents and parents of adopted children.
“The EMEA initiative is one of several activities with the aim to create an inclusive culture and attract and retain a diverse set of people,” said Hanna Fager, head of People Experience. “It improves life-work balance, boosts family time and fits with a progressive, human-centric company like Volvo Cars.”
Volvo is hoping this new policy, along with additional substantial benefits, will help to attract and retain top performing employees. Fager later went on to mirror this ambition, stating, “We need to be a truly attractive employer to be able to deliver on our ambitious growth plans. Attracting and retaining the best people is crucial and we know that skilled talents will be more selective in their choice of employer. The winners in this battle for talent will be companies that value diversity, modern and flexible working practices, and employee well-being.”
Cheers to Volvo for this incredible program and here’s hoping other countries (looking at you, America) and companies follow suit!
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