As working people find themselves working to an older age with countries setting retirement age later, companies need to address the reality of working with multigenerational teams. Employers now take into account the different needs of various age groups, including that of older adults. The growing presence of these workers is prompting some companies to offer leave to the grandparents that make up their ranks.
Companies in the United States such as Fannie Mae, Booking, and SentinelOne are among those now offering their staff this new kind of leave, according to “Quartz” magazine. They are entitled to it as soon as they become grandparents, whether through childbirth or adoption. This trend suggests that companies see family and work-life balance as a benefit that can be useful for attracting and retaining employees. A growing number of retirees throughout the U.S. are returning to work, due to the financial difficulties they face.
Source: https://www.benefitscanada.com
The idea of “grandternity leave” has only recently made its appearance in the US, like the idea of unlimited vacation time previously. And it’s unsurprising, given that the country has no legal minimum for paid leave, and the average number of leave days taken per worker is around 15 a year. Grandparent leave is a way of boosting a company’s attractiveness when recruiting talent.
While few companies have actually created a dedicated policy, a much larger number offer their employees a degree of organisational flexibility so that they can balance their professional and family priorities.
It’s a balancing act in line with recent developments in the world of work, and just maybe, grandternity leave may make its way to Malaysia!
Reference:
Will “grandternity leave” become the norm for senior employees? FreeMalaysiaToday, 2 September 2023
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