Approximately 47000 employees
Key work-life balance initiatives
family leave - 5 days
leave - 3 days paid
The bank provides extensive nursery facilities on a national
basis. The first of the bank's nursery facilities opened in 1989 in Sheffield,
so in 1999 HSBC celebrated a decade of investment in childcare. There are currently
over 100 nursery partnerships, providing approximately 850 places for employees
of HSBC Bank and its subsidiaries. Of these, 300 places are in three nurseries
located on the bank's premises. Most of the bank's nursery facilities are joint
ventures with either the public or private sectors, in line with Inland Revenue
requirements. The bank undertakes to buy a guaranteed number of places in a nursery
for a fixed period (usually 2-3 years), and dedicated childcare managers allocate
these places to achieve maximum business benefit. All childcare used by the bank
is quality checked by HSBC childcare managers.
HSBC bank was the first UK employer to offer this service. The bank
offers all UK based employees access to 'Lifeworks', a confidential advice, research
and referral helpline which assists employees to manage the challenging dual demands
of home and work responsibilities effectively.
female senior management
of women return to work from maternity leave
One to one and a half year's salary.
friendly initiatives, in particular the Childcare Programme, have proved highly
successful by supporting the business through retention of skilled staff. In 1988,
only 30% of women returned after maternity leave but by the end of December 1998
this figure had risen to 83%. The bank believes that its policies have made a
valuable contribution to achieving this increase.
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