'Fidelity Family Care Leave' is the latest addition to Fidelity's family-friendly benefits.

Minimum of five paid days of leave each year* to all employees with caring responsibilities

New Delhi, 04 March 2021: Fidelity International has announced a company-wide 'Family Care Leave’ policy. Fidelity International is one of the early adopters of this kind of initiative in India, where all employees within the organisation will have access to at-least five paid days of leave* per calendar year to look after family members in need of care.

The new policy is the latest benefit being offered to support Fidelity International employees to balance their work and family responsibilities.  This policy is effective from March 1, 2021 and will allow staff to take time off for a variety of reasons including; caring for elderly parents, looking after a sick or disabled family member or to manage unexpected events such as nursery closures.

This is another move forward in Fidelity International’s commitment to being a modern, progressive and compassionate family-friendly company and comes just eight months after the announcement of Fidelity’s Enhanced Paternity Leave enabling all staff to take the same amount of paid leave as mothers and primary carers.

On the announcement of the leave policy, Upasna Nischal, Head of HR India, Fidelity International commented,
"The wellbeing of our employees is of paramount importance to us and being compassionate is one of our core behaviours. Based on multiple pulse surveys conducted over the last several months, we gathered that many of our colleagues needed support to balance their work and family care responsibilities. The Family Care Leave introduced for employees is aimed at supporting them during those critical times when they need to attend to their elderly parents care for young children or look after a sick family member. We believe that this initiative will also help our colleague’s wellbeing as it would help alleviate stress that they may be facing due to competing work and family care responsibilities."

Sally Nelson, Chief People Officer, Fidelity International, comments:
"The wellbeing of our employees is incredibly important to us and we continue to look for ways to ensure our employees feel supported to balance work and family responsibilities, allowing our people to be happy and effective at work. Fidelity Family Care Leave has been in the planning for a while but the challenges of the recent COVID-19 pandemic have highlighted even further the caring pressures we can all sometimes face and the importance of offering the flexibility to provide that vital care for our loved ones.  We are therefore delighted to be able to offer this additional support to our Fidelity people."

About Fidelity International

Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $706.3 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $471billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.

For more details, please contact:

Fidelity International
Rohini Kaul: +91 98998 88980

 


Please note the article was originally published in the The Economic Times, Mint, ET HR World, Outlook India, India Times, Dataquest, Yahoo Finance, Indian News Republic, Devidiscourse, Latest LY in March 2021.