As part of a global initiative, Swedish carmaker Volvo Car South Africa launches a paid gender-neutral parental leave policy.
Known across the globe for its generous parental leave arrangements, Volvo’s parental leave policy will be the first if its kind in the South African motoring industry.
It offers mothers and fathers six months leave with 80 percent pay.
This also applies to same-sex and parents of adopted children.
Volvo Car South Africa Managing Director, Greg Maruszewski said they expect the initiative to deliver tangible benefits for both parents and children.
“As part of Volvo Cars long term strategy of being an employer of choice in South Africa.
The new parental leave policy is a welcomed initiative creating an inclusive culture that will continue to keep and attract a diverse group of employees.
It will improve work-life balance, boost family time and fits with a progressive human-centric company,” said Maruszewski.
Maruszewski said South Africa often pays parental leave with a large discrepancy between what is available to mothers and fathers.
Moreover, added Marusweski, equal parental leave offers the potential to boost labour market and career opportunities for women by reducing career and pay gaps.
“The winners in this battle for talent will be the companies that value diversity, gender equality, modern and flexible working practices and employee well-being.
Attracting and keeping the best people is crucial and we know that skilled talent will be more selective in their choice of employer,” said Marusweski
He said the new policy forms part of Volvo Car SA’s people strategy to attract and keep the best people through generous and inclusive paid parental leave packages.
“The policy position Volvo Car SA as an employer of choice to both existing and future employees,” added Marusweski.