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HSBC enhances parental leave for Hong Kong employees effective 1 January 2024

HSBC enhances parental leave for Hong Kong employees effective 1 January 2024

Maternity leave will increase from 16 to 20 weeks, while paternity leave (secondary caregiver) will increase from 10 to 40 days.

To empower employees to not only achieve their professional goals, but also prioritise the wellbeing of their families and personal lives, HSBC, as well as its principal member Hang Seng Bank, have announced leave enhancements for full-time employees in Hong Kong.

From 1 January 2024, maternity leave will increase from 16 to 20 weeks, while paternity leave (secondary caregiver) will increase from 10 to 40 days. Both leaves continue to be fully paid.

At present, HSBC Hong Kong has around 20,000 employees, and about 52% of the bank’s workforce in Hong Kong are women. Under the new arrangement, the bank said working parents will have more time to welcome and enjoy the arrival of their newest family member.

In addition, effective from 1 January 2024, the personal / caregiving time will be extended from two to four hours per month to further enable employees to fulfil caregiving responsibilities, self-care, personal development, and learning activities.

Other categories of paid leave offered by HSBC include:

  • One day of birthday leave
  • Six days of marriage leave
  • Five days of compassionate leave
  • Two days of volunteer leave
  • Four days of examination leave

Luanne Lim, Chief Executive, Hong Kong at HSBC, said: "We are increasingly hearing from colleagues that they want to flex their hours to take on a greater responsibility in caring for their families.

"As a family-friendly employer, we strive to cultivate a supportive and inclusive work environment that prioritises the wellbeing of our employees and their loved ones. We strongly believe that when our employees feel supported, it positively impacts their engagement and productivity."


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Lead image / 123RF

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