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FNZ transforms global family leave employee benefits

by Kavitha Sivasubramaniam
07/03/2023
Renata Mrazova, FNZ, investing in people
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FNZ has launched a “transformative benefits package to drive diversity and support employees globally”.

The wealth management platform’s new range of family friendly policies is available to all 6,400 of its staff members across 30-plus locations worldwide.

The package comprises 26 weeks of fully paid parental leave for primary and secondary caregivers, which includes if both work at the company, regardless of gender, within the first 18 months of birth or adoption.

Employees are now also eligible for eight weeks of fully paid bereavement leave, and up to two weeks of emergency care leave every year. Those currently on maternity benefit packages are additionally being offered transitional support, and the new policies are fully integrated with existing ones as well as local statutory benefits.

According to the company, which was established 20 years ago, the enhanced offering is “a strong demonstration of FNZ’s commitment to its culture and values, as it continues to support its employees and attract the very best talent to join its business”.

Renata Mrazova, FNZ group chief people officer, said: “Preparing our employees for the future by empowering them to succeed and develop the right skills is paramount. It is our responsibility to provide our global employees with the support and freedom to enable them to grow their careers at FNZ throughout the different stages of their lives.

“This new benefits package is aimed at creating a level playing field for all our employees globally by supporting diversity and inclusion and ensuring that everyone can succeed equally regardless of gender. Employees should not have to make the difficult decision to prioritise between a career and supporting their families. Providing all of our colleagues with the ability to choose how they shape their futures is a big part of our culture.”

The policies are part of the company’s total benefits package, which FNZ describes as “a clear demonstration of the company’s commitment to promoting an inclusive and diverse workforce across its global business”.

In the past two years, FNZ has welcomed more than 2,000 new staff globally through both job creation and acquisition.

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Adrian Durham, FNZ group CEO, added: “We are thrilled to introduce our new global family leave benefits package. FNZ’s ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers, and the wider world.

“In order to achieve these aspirations, we need to inspire our people, based on the premise that only engaged, dedicated and passioned employees can take care of our customers. We’re dedicated to attracting and developing the very best talent to our exciting, fast paced business – and this investment is a testament to our commitment to supporting our employees around the world.”

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The US retreat from diversity, equality and inclusion (DEI) is making waves far beyond the country's borders. In the wake of President Trump’s executive order abolishing DEI across federal government departments, global firms like Goldman Sachs and Accenture have rapidly dialled down their own efforts. 

The influence is being felt in the UK too. However, the UK operates under a different legal framework. It has stronger workplace protections and a government actively looking to enhance employee rights through its Make Work Pay agenda. But as US firms reposition their approach to DEI, UK subsidiaries could find themselves caught between conflicting priorities.

In the latest Benefits Unboxed podcast, co-hosts Claire Churchard, editor of Benefits Expert, Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, industry veteran and reward and benefits consultant, discuss how the US DEI rollback might impact UK businesses.

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