FTSE 250 companies promote employee discounts but not parental policies

FTSE 250 companies promote employee discounts but not parental policies

A campaign from Mumsnet has persuaded 24 FTSE 100 companies review their policies

A new report from Mumsnet suggests companies in the FTSE250 prefer to publicise the availability of free eye tests, fresh fruit and in-house massage therapy than details of their parental leave policies. It was found that only 6% of the FTSE250 informed prospective employees the level of paid leave they could expect if they were to have a child.

To name a few, Pets at home has a ‘peternity’ leave policy for those who have acquired non-human companions and Greggs broadcasts details of staff discounts, although both fail to publish its parental leave policies. One company had declared details of 19 separate benefit policies of which does not include maternity, paternity or adoption leave.

After a survey of over 1000 parents and prospective parents was conducted, the results revealed that keeping these policies hidden had a tremendous impact on those returning to work or looking for new employment. More than 82% (eight out of ten) of those surveyed said they were hesitant to ask prospective employers about parental leave policies in the fear it ‘would make a job offer less likely’, and 66% said that at least once, when considering a position they found it impossible to find information about parental leave policies.

These high statistics has called for Mumsnet to pursue large employers to make their parental leave policies available for everyone.

The report also showed that just 23 of the FTSE100 published their policies, so Mumsnet wrote to the others prompting them to consider publishing. Sainsbury’s, Hiscox, Standard Life and Landsec were the only four companies that have published their policies as a result, although 12 household names including Just Eat, ITV and Paddy power have committed to publishing their policies in the near future. A further 8 have taken this into consideration.

The Association of British Insurers has also announced that many of its members have committed to making their policies available for everyone.

The FTSE250 findings revealed that only 15 of the 250 companies have actually published their policies. Since contacting the FTSE250 companies, only two (Rathbones and Unite Students) have informed Mumsnet that they have published their policies. 

So far, 16 companies (including Talk Talk and Capita) intend to publish in the near future, and 13 (including Serco and Pets at Home) are proactively reviewing their current policies.

Mumsnet Founder Justine Roberts said “We’re pleased that so many FTSE100 companies are committed to doing the right thing; our hope is that this sort of transparency will help close the gender pay gap and encourage a race to the top in terms of parental policies. For companies with over 250 employees, publishing policies may soon become a statutory requirement, so why not get ahead of the game?”

Monday, 18 November 2019

Share this article

Any questions? Any comments?

Your instant reactions to this article can be posted here.

Be the first to make a comment...