The company has recognised that in the fight for quality staff, family-friendly policies need to be improved and updated.
Grant Thornton UK LLP, the business and financial adviser, has announced it is increasing its enhanced paternity pay from two to six weeks with full pay.
According to the company, there will also be a “reduction in length of service criteria for paternity, shared parental or maternity and adoption leave and increased enhanced pay for maternity and adoption leave.” This will apply to people having children, including adoption, from 1 January 2023.
Perry Burton, head of people and brand at Grant Thornton UK LLP said: “We believe that creating an inclusive culture which reflects and supports the diverse needs of our people is of vital importance to the sustainable growth of our firm. Formulated with feedback from our people in mind, and with the objective of developing a market-leading range of family leave policies, these changes are a demonstrative investment in our people at a time when competition for talent is fierce.”
He continued: “Parenting together in the first days, weeks or months of a child’s life can be instrumental in shaping family dynamics. The extension of our paid paternity leave from two weeks to six weeks builds on our commitment to create an inclusive, supportive culture that encourages all new parents to take leave, creating an opportunity for both parents to take an active role in the weeks following childbirth.”
Grant Thornton UK LLP has already been recognised by charities like Working Families as a leading family-friendly employer.
Burton added: “These updates to our family leave policies collectively play a key role in attracting and retaining diverse talent and support our commitment to creating a flexible, inclusive culture which provides opportunities for everyone to reach their full potential.”