Volvo Announces the 'Family Bond by Volvo Cars' Leave Policy
Kanesa David — September 1, 2022 — Business
References: volvocars
Automobile manufacturer Volvo has announced the ‘Family Bond by Volvo Cars’ policy, allowing employees to enjoy 24 paid weeks of parental leave, regardless of gender or sexual orientation. This initiative covers all parents, including the biological parent, adopter child sponsor, and surrogate, allowing all parents of all genders and backgrounds to make their family a priority while working at Volvo.
Volvo also allows parents who apply for parental leave to return to their role and previous salary at the company once their rest period is complete. Employees can also transition into a new position that may be more flexible to suit their changing lives as parents.
“We realize that having a new family member brings rich happiness to everyone in the home, but it also comes with a great deal of pressure. So, we want to give our employees longer leave to make it easier for them in this transition period,” said Mr. Håkan Samuelsson, CEO of Volvo Car Group Sweden.
Image Credit: Volvo
Volvo also allows parents who apply for parental leave to return to their role and previous salary at the company once their rest period is complete. Employees can also transition into a new position that may be more flexible to suit their changing lives as parents.
“We realize that having a new family member brings rich happiness to everyone in the home, but it also comes with a great deal of pressure. So, we want to give our employees longer leave to make it easier for them in this transition period,” said Mr. Håkan Samuelsson, CEO of Volvo Car Group Sweden.
Image Credit: Volvo
Trend Themes
1. Inclusive Parental Leave - Providing inclusive parental leave programs regardless of gender or sexual orientation can lead to greater employee satisfaction, retention, and diversity.
2. Extended Parental Leave - Offering extended parental leave to employees can result in more fulfilled and productive employees and can improve the overall well-being of families.
3. Flexibility for Working Parents - Providing flexibility to working parents, such as transitional positions or reduced hours, can help retain valuable employees and improve work-life balance for parents.
Industry Implications
1. Automotive Industry - The automotive industry can benefit from offering inclusive parental leave policies that attract and retain a diverse and skilled workforce.
2. Technology Industry - The technology industry can lead the way in offering extended parental leave policies that prioritize the well-being of families and encourage a healthy work-life balance.
3. Hospitality Industry - The hospitality industry can improve employee satisfaction and retention by offering flexibility to working parents, such as alternative schedules or remote work options.
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