an article published in Human Resource Management International Digest Volume 20 Issue 5 (2012)
Abstract
Purpose
This paper aims to describe how HSBC is set to offer all new parents a part-time role at a pro-rata salary and the same level as their original role following maternity or paternity leave.
Design/methodology/approach<br />
The paper explains the reason for the policy and the advantages it will bring to employees and the company as a whole. It briefly considers other family-friendly policies at HSBC.
Findings
The paper reveals that about 1,100 staff each year take parental leave following childbirth, of whom 87 percent want to return to work. It explains that, by guaranteeing returning parents part-time roles, the bank is supporting its staff by offering more flexible working patterns in order to help to balance the need for child-care while maintaining household income.
Practical implications
The paper demonstrates to employees that the bank values their talent and experience.
Social implications
The paper highlights how the policy may help more women to get into senior roles.
Originality/value
The paper reveals that HSBC claims to be the first large corporate in the UK to guarantee part-time work when returning parents ask for it.
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