Union Bank takes a step towards gender parity, employee well-being
By Esther Agbo
Union Bank is making waves in Nigeria’s financial sector with its new policies designed to foster a more inclusive and supportive workplace for its employees, particularly women.
In a move to strengthen employee welfare, the bank has introduced a maternity leave package and an on-site crèche facility for working parents, aimed at improving work-life balance.
The initiative, which includes a fully paid five-month maternity leave, surpasses the legally required 12 weeks under Nigeria’s Labour Act, setting a new benchmark for the banking industry.
This extended leave, complemented by the flexibility of annual leave, gives new mothers ample time to recover, bond with their newborns, and smoothly transition back to work.
The provision of an on-site crèche facility, complete with lactation rooms and family-friendly amenities, further underscores Union Bank’s commitment to creating a supportive environment for all parents, including fathers.
Union Bank’s approach goes beyond just employee benefits; it aligns with key global sustainability goals.
The focus on gender equality and well-being through Sustainable Development Goals (SDGs) 3 and 5, not only supports mothers but also promotes a culture where women are empowered to balance their careers and family life.
These policies are expected to help retain top female talent, reduce employee turnover, and foster gender diversity in the workplace.
Research has consistently shown that companies with more gender-diverse workforces experience improved financial performance and innovation and that achieving gender parity in the workforce could increase global GDP by 26 percent.
By prioritising gender parity and offering family-friendly solutions, the bank is positioning itself as an employer of choice in a highly competitive industry.
Chief Talent Officer, Omayuli Wale-Ajayi stated, “At Union Bank, we are proud to set a new standard in the banking sector with comprehensive maternity leave for working mothers and crèche facilities for the babies of both male and female full-time employees.
“We are committed to creating a workplace where women can thrive, and these initiatives are crucial in supporting working mothers as they balance their careers and personal lives.
“By providing five months of fully paid maternity leave and convenient childcare solutions, we aim to retain and empower top talent, ensuring all employees can contribute to the bank’s success.”
