Scotiabank introduces inclusive parental leave policy
Increases fully paid leave for all parents welcoming a new child including parents who have given birth, parents by adoption and legal guardianship
April 28, 2022 – Georgetown, Cayman Islands– Scotiabank Cayman, today, announced that it will be adopting a new standard for parental leave for employees. The enhanced offering will include increased fully paid leave for all parents welcoming a new child, including adoptive parents, legal guardians and parents who have given birth.
Maternity leave will be increased to 16 weeks – up from 13 weeks, fathers, adoptive parents and appointed legal guardians with a new child, will receive 4 fully paid weeks of parental leave.
Janelle Milburn, Manager, Human Resources at Scotiabank Cayman commented on the improved policy saying: “We are very happy to be introducing this enhanced parental leave policy for our team. It reinforces our commitment to a culture of diversity and is one that puts the welfare of our people at the heart of our success. It is also a progressive move to accommodate and respect personal dynamics and the family situation of each of our employees, already helping to drive our business success.”
The Parental Leave Policy came into effect in March 2022 for Scotiabank employees in The Cayman Islands and other countries in the region where the Bank operates.
“Delivering on our core purpose of ‘for every future’ underpins our approach to making our parental leave policy inclusive of all parents,” said Anya Schnoor, Executive Vice President, Caribbean, Central America and Uruguay (CCAU). “No matter where Scotiabankers are located, they will be able to expect quality coverage and flexibility that affords them the time away from work to support their families,” Schnoor said in closing.