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Parental leave is a crucial benefit and an opportunity that an employee must avail of in order to prioritise family responsibility. The parental leave also includes maternity leave that as per the prescribed law, a woman can avail of before and after giving birth to a child.
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In addition, a man can also avail himself of paternity leave to welcome a newborn baby into the family.
An individual can also take paternity leave when he adopts a child. However, the specifics of the parental leave (compensation and duration) can vary between the place and region. At some places, the employees are offered an extended paid parental leave. At the same time, other places provide comparatively shorter and unpaid parental leave.
Parental leave is a policy which allows the parents (father and mother) to take leave for some days from the office’s affairs in order to give some time to the children. A parent can avail of parental leave for several reasons. This includes medical reasons or simply providing some support to the child for his well-being. This leave provides the parents the opportunity to form a strong bond with the child and provide better care to the newborn or an adopted baby. India has a written law on parental leave. This is known as the Maternity Benefits Act of 1961.
Let us discuss the importance and significance of parental leave for both the company and the employees.
The parental leave helps the employees to manage and balance their work life and family affairs. In other words, it gives freedom to parents to take care of their children without worrying about office work and job security. The employers under the rules of maternity leave cannot dismiss or fire the employee.
Parental leave helps the employee to reduce the stress. In addition, it allows the parent to prioritise their family's necessities and requirements. This leave is beneficial for their mental and physical health. The parental leave creates a supportive environment for both father and mother.
Companies must offer parental leave to employees. The employee tends to retain in the office or company which offers such leave. This in return helps the company retain better employees. The employees who are granted parental leave are not likely to resign from the firm.
Parental leave subserves gender equality by offering both the mother and father to take some time off from the job and focus on family affairs. This helps in creating an inclusive workplace culture. In addition, it also ensures that both father and mother have a fair role to play during and after the birth of the child.
Employees after taking parental leave return to work with new energy and motivation. This leads to higher productivity in the organisation. This also benefits the firm and improves its performance and morale.
Parental leave reduces burnout by providing crucial breaks to the employees to stay with the family for some time. It boosts loyalty and engagement as it gives a clear message to the employees that the company values them and their efforts. In addition, parental leave offers the employee a chance to develop their bond and relationship with the kids. The organisation should develop a strategic approach by comprehending the needs of the organisation in order to grant the parental leave. Additionally, the firm should familiarise itself with the legal norms and obligation of providing parental leave to employees. Understanding parental leave and its legal complications is important for both the employer and the employees.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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