Volvo Cars has introduced six months paid parental leave for its staff in the EMEA region,
In a statement, the Swedish car maker recently launched a paid gender-neutral parental leave policy for all sales company employees in the EMEA region (Europe, Middle East and Africa), offering mothers and fathers a total of six months of leave with 80% pay.
The new policy is inspired by national legislation in Volvo Cars’ home market of Sweden, famous around the globe for its generous parental leave arrangements, which have delivered tangible benefits for parents and children alike in recent decades, it said.
Volvo Cars’ EMEA parental leave policy is a pilot scheme, that possibly could lead to a global roll-out of a similar paid parental leave policy for all 43,000 Volvo Cars employees around the globe. The EMEA initiative will help to identify and solve any practical obstacles that follow from rolling out such a scheme outside Sweden.
“The EMEA initiative is one of several activities with the aim to create an inclusive culture and attract and retain a diverse set of people,” said Hanna Fager, head of People Experience (HR).
“It improves life-work balance, boosts family time and fits with a progressive, human-centric company like Volvo Cars.”
Emulating the Swedish approach that inspired it, the Volvo Cars policy is ‘gender-neutral and also applicable to same-sex parents and parents of adopted children,’ the group said in a statement.
The new policy forms part of Volvo Cars’ ambitious people strategy, aimed at attracting and retaining the best people, the company said.
Volvo Cars aims to position itself as an employer of choice to both existing and future employees by offering one of the most generous and inclusive paid parental leave packages.
“We need to be a truly attractive employer to be able to deliver on our ambitious growth plans,” said Fager.
“Attracting and retaining the best people is crucial and we know that skilled talents will be more selective in their choice of employer.
Fager added that winners in this battle for talent will be companies that value diversity, modern and flexible working practices, and employee well-being.
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