TSB celebrate first anniversary of equal parental leave
TSB celebrated the first anniversary of its equal parental leave policy which allows new parents to take up to a year’s leave with their child, with the first 20 weeks at full pay.
The policy came into effect in February 2022 following joint work between Accord, Unite and TSB in an effort to enhance support for new parents. The policy provides equal provisions for all staff, regardless of their route to becoming a new parent. And TSB is 1 of only 3 banks to have equal parental leave.
A year in review:
- 290 colleagues have taken parental leave: 70% birth/adopted parents, 30% co-parent
- Co-parents have taken on average 96% of paid leave: 9% of co-parents have taken more than 20 weeks leave, 12% have taken less than the full paid period
- 61% of all parental leave taken by Customer Delivery: almost half of Customer Delivery’s parental leave occurred in branch and was 29% of total TSB’s parental leave
- 3 in 4 new parents are B – D grades: majority of roles were covered through secondment or development opportunities or work shared across teams
“My wife had an emergency C-section so having the time off without having to worry about requesting unpaid leave or using extra holiday just to support was immeasurable. It also meant I was able to observe the mini milestones that happen so fast in the first few months of a baby’s life. I genuinely don’t think I’d have made the connection I have if I’d had to be back at work in a standard 2 weeks”