EY announces 39 weeks enhanced parental leave
02 April 2015
EY has announced it will offer 39 weeks enhanced pay under new shared parental leave (SPL) regulations, which come into effect on Sunday.
The new measures will equalise the firm’s approach to mothers, fathers, partners and adoptive parents (parents), offering them greater flexibility and choice over how their child is cared for in the first year of its life.
From 5th April this year, government regulations state that up to 50 weeks of leave can be shared between parents either at the same time or independently.
EY will offer additional pay on top of the statutory entitlement for 39 weeks – 6 weeks full pay, followed by 33 weeks half pay – the equivalent of 2.5 weeks more pay than previously offered. Parents will also be able to take up to 20 ‘in touch’ days (SPLIT days) per parent.
Liz Bingham, EY’s Managing Partner for Talent, UK & Ireland, says: “Our approach to shared parental leave (SPL) is another example of our commitment to creating a great place to work for parents. It empowers parents to make choices about childcare that suits their own individual circumstances.
“At the same time it is a solid footstep to modernising the workplace, challenging outdated stereotypes and granting greater equality for fathers, adoptive parents and same sex couples.
“Creating a working environment where people have greater control over their work-life balance is a personal and commercial imperative; it results in more fulfilled people, higher performing teams, better results for our clients and we recruit and retain the best talent.”
In addition to SPL, EY has taken a progressive approach to flexible working, which was rated amongst the UK’s top ten (2014 Working Families bench mark), offering employees greater choice over how, when and where they work.
The firm also offers career and family coaching to all parents taking and returning from parental leave and group support through the EY Parents Network.