Union Bank has taken a significant step towards supporting working parents by offering a five-month maternity leave and an on-site crèche facility for both male and female full-time employees.
This initiative exceeds Nigeria’s legal requirement of 12 weeks of maternity leave, demonstrating the bank’s commitment to employee well-being and work-life balance.
“At Union Bank, we are proud to set a new standard in the banking sector with comprehensive maternity leave for working mothers and crèche facilities for the babies of both male and female full-time employees,” said Omayuli Wale-Ajayi, Chief Talent Officer at Union Bank. “We are committed to creating a workplace where women can thrive, and these initiatives are crucial in supporting working mothers as they balance their careers and personal lives.”
The extended maternity leave will provide new mothers with ample time to recover and bond with their newborns, aligning with SDG 3: Good Health and Well-being. Additionally, the one-hour late resumption for the first month will ease the transition back to work and ensure a smoother work-life integration.
The on-site crèche facility, set to launch in December 2024, will offer a convenient childcare solution for working parents, particularly mothers. The facility will include lactation rooms and family-friendly amenities, fostering a supportive work environment.
By promoting gender diversity and supporting working parents, Union Bank is not only contributing to a more inclusive workplace but also driving economic growth. Research has shown that achieving gender parity in the workforce can increase global GDP by 26%.
With these innovative policies, Union Bank is solidifying its position as a forward-thinking employer in the financial sector, setting a positive example for other organizations to follow.
