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Saga insurance firm to offer workers one week paid ‘grandparental leave’

Employees of insurance firm Saga are to be supplied a week of paid break day when their grandchildren are born.

The company, which provides companies to the over-50s, mentioned it’s the first transfer of its sort for a serious UK business.

It mentioned it’s granting the paid go away to recognise and have a good time the position of grandparents, after its personal analysis discovered {that a} quarter of working grandparents mentioned that it’s “difficult” for them to steadiness work and their household life.

Saga additionally introduced that the grandchildren of all of the company’s workers may even have entry to its on-site nursery.

New grandparents within the UK don’t have any rights beneath employment regulation to paid or unpaid go away to spend time with their household.

Shelley Whittam, who works in Saga’s insurance division, mentioned she was “excited” to take the paid week off later this month to spend time along with her new grandchild and assist out with childcare.

Jane Storm, chief individuals officer at Saga, mentioned: “This is about helping new grandparents celebrate a special moment and play a role in their growing families from day one.

“It’s also a symbol of how important older workers are to their companies and to society.

“Working life is getting longer, but the first question many people over 50 still hear is ‘when are you going to retire?’.

“We want to change that mindset and show that age is no barrier to continued professional success.

“As a purpose-led business we have a responsibility to build a representative, multigeneration workforce fit for the future, that serves the needs of our customers.

“Our customers are mostly over 50 and we want to have more colleagues here that reflect the community we serve. We also think this idea should be a key attraction for retention and recruitment.”

In 2015, the federal government had proposed that grandparents might take paid break day work as a part of the shared parental go away (SPL) scheme.

SPL, which permits dad and mom to break up 50 weeks of go away between them following the start of a kid, was launched in April 2015.

The present SPL rate is £151.97 a week or 90 per cent of common weekly earnings, whichever is decrease, for 37 weeks.

Plans to lengthen go away to grandparents have been introduced by the then chancellor George Osborne on the Conservative Party convention in October 2015.

He mentioned: “In many families, grandparents play a central role in caring for their grandchildren and helping to keep down the costs of childcare. Increasing numbers of grandparents, however, also want to remain in work themselves.”

Labour’s then deputy chief Harriet Harman had proposed comparable concepts in April 2015, comparable to staff with a minimum of one year of service having the ability to take 18 weeks – unpaid – of go away per little one up till that little one’s 18th birthday.

But all of the proposals by the federal government and the opposition have been ditched in 2018.

Research cited by the federal government instructed that just about two million individuals had given up work, lowered work hours or taken break day to care for his or her grandchildren.

Of those that mentioned they’d by no means taken break day to take care of a grandchild beneath the age of 16, one in 10 mentioned they’d their request turned down by their employer or mentioned they felt unable to ask.

More than half of moms rely on grandparents for childcare once they first return to work from maternity go away, the federal government additionally mentioned.

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