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LSEG to offer 26 weeks of fully paid parental leave globally

LSEG to offer 26 weeks of fully paid parental leave globally

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From 1 July 2024, all LSEG employees with more than 12 months’ service will be entitled to the enhanced offerings.

LSEG (London Stock Exchange Group) has announced 26 weeks of fully paid parental leave for its global workforce, effective 1 July 2024.

All LSEG employees with more than 12 months’ service will be entitled to the new global parental leave when they welcome a child into their family, regardless of the parent’s gender, how they became a parent, or where they are located globally. In regions where local laws provide for additional paid leave beyond the global 26 weeks, these will also be honoured.

This period of leave can be followed by an eight-week phased return to work, with the employee working 80% of normal hours at full pay.

In addition to enhancing parental leave, LSEG is introducing enhanced leave to support families whose children require neonatal care. This initiative includes and provides up to 12 weeks’ additional leave in cases where a baby needs extra medical attention in the first 28 days after birth. Prematurity is not a prerequisite to qualify.

This enhancement comes with the aim to support employees at key life moments and reinforce LSEG’s commitment to equity, diversity and inclusion, allowing all LSEG parents to have an equal opportunity to take on caregiving for their children.

Erica Bourne, Chief People Officer, LSEG, said: “We are excited to roll out these offerings that underscore our commitment to being a truly inclusive workplace. Our new global parental leave will help create a supportive environment to encourage greater shared parental responsibility and drive gender equity in our industry. We’re continuously looking to introduce benefits for employees that drive inclusion, enhance the employee experience and help colleagues feel at their best.”


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

Lead image / 123RF

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