Union Bank has set a new benchmark in Nigeria’s financial sector by introducing a groundbreaking maternity leave policy and an onsite crèche facility to support both male and female full-time employees.
The new initiative includes an industry-leading five months of fully paid maternity leave, in addition to the standard annual leave, and the launch of an onsite crèche facility. This move significantly enhances work-life balance for working parents.
Under Nigeria’s Labour Act, new mothers are entitled to 12 weeks of maternity leave. However, Union Bank has gone beyond this legal requirement, offering five months of paid maternity leave, providing new mothers with additional time to recover and bond with their newborns.
The policy also allows mothers to take advantage of their annual leave and includes a one-hour late resumption period for the first month after returning to work. This progressive move aligns with the United Nations Sustainable Development Goal (SDG) 3: Good Health and Well-being.
To further support working parents, Union Bank is introducing an onsite crèche facility, with a pilot programme scheduled to launch at the Head Office in December 2024.
This facility will include lactation rooms and family-friendly amenities, offering convenient childcare solutions for employees.
The initiative is a significant step toward promoting gender equality in the workplace, as it helps mothers and fathers balance their careers and family responsibilities, aligning with SDG 5: Gender Equality.
Union Bank’s focus on gender diversity not only supports working mothers but also contributes to broader economic growth. Studies show that gender parity in the workforce could boost global GDP by 26%.
By offering these policies, the bank is positioning itself as a forward-thinking employer committed to creating an inclusive, supportive work environment.
Chief Talent Officer of Union Bank, Omayuli Wale-Ajayi, emphasized the bank’s commitment: “At Union Bank, we are proud to set a new standard in the banking sector with comprehensive maternity leave and crèche facilities for the children of both male and female employees. These initiatives are crucial for supporting working mothers as they balance their careers and personal lives. By offering five months of paid maternity leave and convenient childcare solutions, we aim to retain top talent and empower all employees to contribute to the bank’s success.”
These policies reinforce Union Bank’s position as a leader in workplace inclusivity and sustainability.
By prioritizing gender diversity and employee well-being, the bank is taking significant steps to create a supportive, forward-looking work environment that aligns with global sustainability goals.
