HSBC

Overall flexible working rating

Likely to recommend to a friend with a family

Ease of discussing family requirements

Maternity Pay

Enhanced OR STATUTORY

Enhanced Maternity Pay 

LENGTH OF PAY

19 weeks full pay and 20 weeks statutory maternity pay

LENGTH OF SERVICE TO BE ELIGIBLE

Over 40 weeks

ADDITIONAL BENEFITS

Women eligible for bonus with no contractual conditions
  • Family leave up to 5 days in a year.
  • Flexible working policy that includes working key time, job share, term time working, home or remote working,
  • New parent returner guarantee,
  • Staggered hours, compressed hours, shift swaps, self fostering.

Paternity Pay

Enhanced OR STATUTORY

Enhanced Paternity Pay

LENGTH OF PAY

2 weeks full pay

LENGTH OF SERVICE TO BE ELIGIBLE

ADDITIONAL BENEFITS & Shared parental Policy 

Men eligible for bonus with no contractual conditions
Shared Parental Leave – max of 52 weeks to be shared between parents less any weeks of maternity or adoption leave taken. Can be taken at the same or different times between birth and first birthday or within one year of adoption. Similar pay structure as maternity leave. 19 weeks full pay and 20 weeks at Statutory Maternity Pay

Parent reviews

I have not yet had a child or been pregnant. I think the policy at HSBC is adequate but not going far enough to support expecting and new parents. 19 weeks full pay is quite low and I don’t think companies do a great job of explaining what the policies mean on real terms. They’re often written in legalise with differing weeks and % that have me confused and unsure what it actually means. Conversations about the set up should be more open, perhaps have lunchtime talks where HR demystify the policies so people are clear. It still feels like a taboo to ask questions openly in a banking environment, this needs to change considering how in the current times family life is balanced completely differently to a couple of generations back.

 

2nd October 2018

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