Exciting new policies launched
TSB have launched new & improved parental leave policy, pregnancy or adoption loss and infertility support.
After working with TSB alongside Unite for some time on a new parental leave policy, the bank has published details of how new parents will be supported at work through these life-changing events.
TSB has created parental leave and related support that’s fully gender inclusive.
The new policy provides equal provisions for all staff, regardless of their route to becoming a new parent and incorporates all types of parental leave – replacing its maternity, paternity, adoption, shared parental and unpaid parental leave policies.
The policy, which takes effect from 1st February 2022, includes some significant improvements for staff:
- All new parents will be able to take up to a year’s leave with their child, with the first 20 weeks at full pay (subject to eligibility).
- For birth parents, this means an increase in paid leave from 17 weeks to 20 weeks.
- For co-parents, paid leave will also be increasing to 20 weeks on full pay- a huge increase from the current offering of 2 weeks.
- If both parents work for TSB, they’ll each have their own leave entitlement which can be taken at the same time, and there’s no requirement to share it.
- Anyone affected by parental or adoption loss or pregnancy-related bereavement can take two weeks paid compassionate leave as a minimum and have access to a range of specialist support, including infertility.
- TSB have also signed the Pregnancy Loss Pledge to publicly make a commitment to provide support and guidance to anyone impacted by this.
Working jointly with TSB
The changes demonstrate TSB’s commitment to its staff and will be a tremendous benefit to new families at a time they need it most.
Commenting on the launch, Accord’s General Secretary Ged Nichols said:
“This is a significant and very welcome enhancement to TSB’s support for new parents. We’re really pleased that the work we’ve doing jointly with TSB and Unite has made such a positive difference. We’re sure the new policy will be valuable and delight all new parents in the bank.”
