Urban Ladder increases paid maternity leave to six months
Urban Ladder has extended its maternity leave to 26 weeks (six months) from the initial 13 weeks (three months), in line with the Maternity Benefit Act, 1961.
These benefits have been effective since April 1, 2016, and also apply to cases of adoption and surrogacy.
After the minimum paid maternity leave was increased from the earlier 12 to 26 weeks in January 2016, it put India among the top 16 countries with the longest paid leave for new mothers.
Urban Ladder said, “We have a healthy female to male diversity ratio of 38:62 and we believe this is a key catalyst to our business performance,” Geetika Metha, Vice-president – Human Resources, Urban Ladder, said.
The working woman is often faced with a dilemma when it comes to choosing between her career and her family.
“We’ve noticed that career progression of many female employees coincides at the time when they decide to start families. Some of them decide to stop working leading to a leaky pipeline of high potential women at the middle of the pyramid,” Geetika said while addressing this concern.
Urban Ladder has even gone one step further to ensure their female colleagues do not give up their job after child birth. Over and above the mandated maternity leave, their new mothers will have the option to avail an additional three months of part-time work (Five hours) at an equivalent pay basis or additional three months of unpaid leave.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
04:04 PM IST