ZURICH – Credit Suisse will extend child care and vacation leave and allow senior managers to rest under new rules for Swiss staff next year, Switzerland’s second-largest bank said on Monday.
Noting the increasingly diverse family configuration and the need for regular breaks from work, the statement said, “Helping parents with childcare and encouraging staff to take time to rest regularly.”
The move comes as banks consider whether they want to attract a more diverse workforce if the traditional stereotyped work situation is still relevant.
The maternity leave for primary care will be 26 weeks, while the maternity leave for second care will be increased from the current 12 days to six weeks.
If both parents work at Credit Suisse, they can share 10 weeks of parental leave after 16 weeks of maternity leave or a full leave of absence for adoption.
If managers approve, both types of leave can be taken in the form of part-time work within one year of birth or adoption.
The bank will also give extra leave to long-term employees. After five years, employees can take an additional five days paid leave, which is 10 days after 10 years, then 15 days every five years. Swiss workers usually get five weeks off a year.
Members of senior management who have at least 50 years of age and at least 10 years of service can take two or three months off at a lower salary.
“We see our employment conditions as a conscious and strategic investment that pays off not only for our employees, but also for the bank and our customers,” said Claude Taskler, head of human resources at Credit Suisse Switzerland.
“Promoting diversity and involving people from different perspectives and needs is fundamental to our success.”
This News Originally From – The Epoch Times