ANZ NZ has announced it will increase paid parental leave from 18 – 26 weeks
ANZ Bank New Zealand will increase paid parental leave for employees from 18 to 26 weeks from 1 July.
The change comes two years ahead of the Government’s legislated changes in 2020. ANZ has over 8000 staff and around 240 take paid parental leave each year.
Speaking ahead of International Women’s Day tomorrow, ANZ CEO David Hisco said: “We want our staff to feel supported so they can give their kids the best start in life.
“I know those first months are important, so I want our staff to feel they can choose to spend time at home if they wish, with less financial strain.
“This is another way we value and look after our employees. We want our people to feel supported and remain working for us while they have their families.”
Primary caregivers are entitled to their full ANZ salary after the birth or adoption of a child. Employees can also take two weeks of paid family leave, usually taken before parental leave starts, increasing the entitlement to 28 weeks.
ANZ also gives employees on parental leave a lump-sum employer contribution to reduce the impact of unpaid leave on their KiwiSaver balances. Leave also accrues and employees can attend work for a paid day every three months to remain in contact with their teams.
