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KUALA LUMPUR, 11 Jan 2017:
AXA Group employees worldwide will receive a minimum of 16 weeks and four weeks fully-paid maternity and paternity leave respectively after the group launched a parenting policy early this year.
Launched on Jan 1, the policy is aimed at supporting employees in most of the 64 countries in which it operates.
AXA Group chief executive officer Thomas Buberl said AXA Affin General Insurance would also align this global policy to all employees in Malaysia from Jan 1.
“This global policy gives all AXA employees the same rights and opportunities when expanding their family.
“I am convinced that a good balance between professional and private life is absolutely necessary to the performance and professional fulfilment of our employees,” he said in a statement yesterday.
Buberl said in Asia, AXA’s new parental policy of 16-week maternity and four-week paternity leave generally exceeded the legal minimum.
However, he said where local laws or current benefits went beyond these advantages, the greater benefit would continue to be applied.
“The minimum legal requirement in Malaysia is 60 days’ maternity leave, with no minimum requirement for paternity leave. These benefits are also applicable to parents who adopt children of two years and below.”
Chief human resources officer Mohd Syukri Ahmad Sudari said this new parental policy would positively impact over 900 of the company employees in Malaysia and further solidify AXA as a company which cared for its employees.
“AXA guarantees that employees who make use of the new parental policy can return to an equivalent role with the same salary and benefit structure.
“In order to help its employees balance the demands of their professional and private lives, AXA will offer flexible working options to each parent, as well as dedicated human resource and management support before, during and after the period of parental leave.”